Ford's $3 Billion Expansion in Canada for 'Super Duty' Pickup Production

Ford's $3 Billion Expansion in Canada for 'Super Duty' Pickup Production

19 Jul, 2024

Ford's $3 Billion Expansion in Canada for 'Super Duty' Pickup Production

 Ford announced it would allocate $3 billion to expand production of its "Super Duty" pickup trucks at a Canadian factory, previously slated for electric vehicle production. This investment establishes a third manufacturing center in North America for the highly profitable pickup trucks. The Oakville Assembly Complex in Ontario will manufacture up to 100,000 additional units, with production starting in 2026. Ford's plants in Kentucky and Ohio are currently operating at full capacity.

The "Super Duty" trucks are essential for emergency response officials and industries like mining, utilities, and construction. Despite previous plans for EV production at Oakville, Ford has pushed back the launch of a new three-row electric vehicle from 2025 to 2027 due to slower-than-expected market growth in the U.S. Ford emphasized that the Oakville plant will be a "fully flexible plant," capable of producing EVs in the future.

"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," said Ford Chief Executive Jim Farley. "This move benefits our customers and supercharges our Ford Pro commercial business

 


Related News

McKesson Corporation Finalizes Divestiture of Rexall and Well.ca Businesses

02 Jan, 2025

McKesson Corporation (NYSE: MCK) announced on December 30, 2024, the…
Read More
MRC Global Announces Sale of Its Canada Business Operations

17 Dec, 2024

MRC Global Inc. (NYSE: MRC) has announced that its subsidiary,…
Read More
Canadian Businesses Face Mixed Fortunes as Holiday Season Approaches

05 Dec, 2024

Newer Canadian businesses are driving a notable rise  debt balances,…
Read More
Canadian Business Owners Warn of Closure Due to Trump's Tariffs

28 Nov, 2024

Canadian business leaders are raising alarms about the potential impact…
Read More
Canadian Business Owners Warn of Closure Due to Trump's Tariffs

28 Nov, 2024

Canadian business leaders are raising alarms about the potential impact…
Read More
Merchant Expands into Canada Through Strategic Partnership with SPM Financial

20 Nov, 2024

Merchant, a global company that provides growth capital, management resources,…
Read More

© 2025 Business International News. All rights reserved | Powered by Cred Matters.