Ford Motor Company knows a good investment when they see it, which is why they invested $700 million Canadian into the Oakville, Ontario assembly plant. Currently Ford is Canada’s top-selling automaker and is using this investment to meet an increase in global demand for their product.
“This investment is helping us find much needed capacity for global products and securing jobs, and it is positioning Oakville as one of the most competitive and important facilities in the Ford system,” said Joe Hinrichs, president of The Americas, speaking from a ceremony at the plant today. “Global fuel-efficient products, built in a state-of-the-art facility, by a great workforce are a win for everyone today.”
Ford will not only bring 2,800 more jobs to the plant with this investment, but also begin producing several new global models, allowing Ford to better meet the demand both in North America and across the globe. It will also increase the amount of Canadian money spent on auto parts to C$4 billion annually.
Currently, Ford utilizes nine global platforms to build 85 percent of its vehicles. This allows Ford to leverage commonality among components, design, and building processes, which in turn allows them to seamlessly change the type of vehicle they are producing without much hassle.