Ford of Canada introduced right this moment that it’s going to make investments C$1.8 billion ($1.35 billion) in its Oakville Meeting Complicated in Oakville, Ontario, to enhance the plant and produce new battery electrical autos.

The corporate did not present any extra particulars in addition to that the location will begin manufacturing all-electric automobiles in 2024. That is some 4 years from now.

“Based mostly on the collective settlement ratified by workers right this moment, Ford is committing to remodel its Oakville Meeting Complicated from an inside combustion engine (ICE) web site to additionally turn into a BEV manufacturing facility, beginning in 2024, in addition to introducing a brand new engine program at its Windsor operations.”

Perhaps a fast have a look at the Oakville Meeting Complicated’s present merchandise will give us a glimpse of what to anticipate? Presently, the manufacturing facility is making Ford Edge mid-size crossover SUV and Lincoln Nautilus (MKX) Mid-size luxurious SUV.

Nicely, it might be nice to see an all-electric Ford Edge or BEV of the same sort, however the timing may be very far-off.

Anyway, Ford intends to be the primary all-electric automobile producer in Canada.

The official press launch can also be about different non-EV associated subjects in regards to the Oakville Meeting Complicated, like operational enhancements to maximise manufacturing flexibility and settlement on worker wages, bonuses and different advantages.

Beforehand, there have been worries about the way forward for the Oakville Meeting Complicated: