Ford is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles. The investment in Oakville Assembly Complex in Ontario, Canada includes installing new assembly and stamping equipment to initially boost heavy duty truck production by 100,000 vehicles a year.
“Super Duty is a vital tool for businesses and people around the world and, even with our Kentucky Truck Plant and Ohio Assembly Plant running flat out, we can’t meet the demand,” Ford’s CEO Farley said in the press release.
“This investment will benefit Ford, our employees in Canada and the U.S., and especially our customers who want and need Super Duty for their lives and livelihoods,” Ford COO Kumar Galhotra said in the press release. “It is fully consistent with our Ford+ plan for profitable growth, as we take steps to maximize our global manufacturing footprint, and our investments will have a fast payback.”
The expansion of Super Duty truck production will initially add approximately 1,800 jobs in Oakville, 150 jobs at Ford’s Windsor Engine Complex and roughly 70 jobs at automaker’s Rawsonville Components Plant and Sterling Axle Plant in Michigan. Ford will also invest $24 million in its Sharonville Transmission Plant in Ohio and offer employees additional overtime.
Ford’s expansion at the Oakville Assembly Complex in Ontario supports its Ford+ plan for growth, aiming to maximize manufacturing footprint, extend global truck leadership, and grow its Ford Pro commercial business.
Sources: foxbusiness.com; automotivedive.com; msn.com