How to resolve AdBlock issue? Ford, Unifor strike landmark $1.95B deal
- Details
- September 23, 2020
Click image to enlargeFord Motor Co. Ltd and Unifor reached a tentative deal that change the auto industry landscape in Ontario.
Ford will invest $1.8B to retool the Oakville Assembly Plant and build five new electric vehicles, with the first one rolling off the line in 2025 and the final planned for production in 2028.
The Toronto Star has reported that the federal and Ontario governments are willing to kick in up to $500 million to secure electric vehicle production at Ford’s Oakville, Ont. plant.
“Up until today, of the $300B announced worldwide not one nickel was allocated to Canada,” said Unifor president Jerry Dias. “With today’s announcement that changes. It starts the discussion about the supply chain and the jobs that are created that will follow this type of announcement. If you are going to protect the number one industry in this country, you better get into the game and I think our governments understand that.”
Ford’s Windsor facilities will see a new 6.8 litre engine program that Diaz says will sustain employment and create new opportunities for years.
"This is a major commitment from Ford Motor Co., huge," said Diaz, who also lauded the federal and Ontario governments for their support.
As of press time, Ford had declined to comment before the ratification vote.
Skills/Compétences Canada announced the final medal results of the 2019 Skills Canada National Competition (SCNC) on May 30.
Craig Manufacturing has won a contract to build the loadbeds on the new medium Support Vehicle System (MSVS) for the Canadian Forces.
Linamar's fourth quarter results marked the 9th consecutive record breaking year of double digit earning growth.
As the horrible year 2020 ground to an end, Canada’s manufacturing sector grew 1.7 per cent in November, largely as a result of higher inventory, according to the most recent data from Statistics Canada.
INKAS Armored Vehicle Manufacturing has introduced its Armored Cadillac Escalade “Chairman Package” for 2019.
The World Economic Forum has officially recognized the Sandvik Coromant production unit in Gimo, Sweden as an advanced Industry 4.0 facility.
The outlook for the global laser cutting market is good according to a forecast by Technavio, a technology research and advisory company. The company forecasts the market will experience close to a 9 per cent Compound Annual Growth Rate (CAGR) between 2016 and 2020.
Jim Burrows, a long-time figure in the machine tool industry in Canada, has died.
The global coronavirus pandemic has put a pause on the world’s economy, creating unprecedented concerns for shop owners and their employees. The following is a list of support programs put in place to help keep businesses solvent during this crisis.
Assembly of the GM Oshawa K2XX truck seats will continue to be produced at Lear Corp.'s Whitby, ON, plant after members of the automotive workers union, Unifor, ratified a new collective agreement.
The Bank of Canada, citing the sharp drop in oil prices and consequent softness in the economy, is holding its benchmark interest rate steady at 1.75 per cent.
Technology investment firm Battery Ventures has acquired SigmaTEK Systems, a manufacturing and fabrication software company.
Platinum Tooling is now importing and distributing Henninger Speed Increasers for the North American market.
The Government of Canada is giving $199.16 million to help Resilience Biotechnologies Inc. expand its vaccine production capacity.
The Federal government, via the Canada Economic Development for the Quebec Regions (CED), is investing more than $1.7 million in five Quebec manufacturing companies.
