Feds, Ontario offer $295M each to support Ford Oakville

The federal and Ontario governments will each chip in $295 million to support production at Ford’s plant in Oakville, Ont., as part of a three-year agreement. The money is meant to promote the mass production of electric vehicles and batteries. “The market for electric vehicles will grow in the future and Canada has the talent to be a global leader in making batteries for electric vehicles, for electrification, and clean technologies,” said Canada’s Prime Minister Justin Trudeau. (Source: Driving.ca) Read the original article…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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