Ford Motor Company plans to invest 1.8 billion Canadian dollars (US $ 1.33 billion) to transform its assembly plant in southern Ontario into a high -yield center for Canadian electric vehicles.
The car manufacturer said on Tuesday that its production base in Oakville in western Toronto will begin transformation and modernization in the second quarter of next year to prepare for the company's next -generation electric vehicles. The factory will be renamed Oakville Electric Vehicle Complex, as Ford's first car manufacturer's first commitment to produce passenger electric vehicles in the North American market in Canada in Canada.
