Investment Update – November 2006
Oakville, Ontario
Note: All dollars are Canadian

 

ONTARIO PLAYS MAJOR ROLE IN FORD'S

MOST ADVANCED ASSEMBLY PLANT

 

 

Two New Cars to Roll Out of Revamped Oakville Assembly Complex

(OAKVILLE) Economic Development and Trade Minister Sandra Pupatello joined in celebrations at Ford's Oakville Assembly Complex where the Ford Edge, and Lincoln MKX crossover utility vehicles will be produced at what is now one of the most innovative flex assembly facilities in North America.

The Ontario government contributed $100 million toward the (CDN) $1 billion dollar "Centennial Project." This was the first investment under the Ontario Automotive Investment Strategy (OAIS), helping to secure new product lines, and jobs at the Oakville Assembly Complex.

"This is an investment in Ford's future, our economy, and our workers," Pupatello said. "We're pleased to partner with the company in helping this plant lead the way in Ford's turnaround."

To date, the government's strategy has attracted more than (CDN) $7 billion in new auto investments, including:

  •  $2.5 billion - General Motors: Oshawa, St. Catharines, Ingersoll

  •  $1.1 billion - Linamar: Guelph

  •  $1.1 billion - Toyota: Woodstock

  •  $1.0 billion - Ford : Oakville

  •  $768 million - DaimlerChrysler: Windsor, Brampton

  •  $270 million - Navistar: Chatham, Windsor

  •  $154 million - Honda: Alliston

  •  $100 million - Nemak: Windsor

  •  $93 million - Valiant: Windsor

 

"For two years in a row Ontario has produced more cars and trucks than any other jurisdiction in North America," Pupatello said. "It's investments like this one at Ford which help to keep our auto industry strong and competitive."
The Ontario government is a strong supporter of Ontario's automotive industry. The government's auto strategy has attracted over $7 billion dollars in new investments so far, creating and retaining thousands of jobs.

 

Contacts Presse :

Ray Lancashire - Relations Presse
Ministère du Développement Economique et du Commerce
Tél : 00 1 416 326 1608

IRIS CONSEIL
Christine Arnal
Tél : 00 33 (1) 45 44 04 21
Fax: 00 33 (1) 45 44 18 14
E-mail: c.arnal@iris-conseil.net
& Site: http://www.iris-conseil.net

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