Despite facing massive deficits, the Federal and Ontario governments are giving Ford Motor Co. over $250 million to mass produce electric cars and their batteries at Ford’s Oakville Plant.
The announcement will be made later today by both Prime Minister Justin Trudeau and Premier Doug Ford at a joint press conference.
The spending is part of a nearly $2 billion dollar three-year agreement between Ford Motor Co. and Unifor, the union representing Canadian auto workers.
Due to COVID-19 restrictions, only the Premier and company representatives will be on site at the Oakville plant, reports The Canadian Press. Trudeau and Unifor president Jerry Dias will join virtually from Kanata, Ontario, where the company's connectivity and innovation centre is located.
Ford Motor Co. had previously announced 450 layoffs at their Oakville Plant following the re-election of Justin Trudeau, however Dias says that the new deal will help save 3000 of the remaining jobs.
The Liberals have stated that this deal will contribute to their ambitious plan of making Canadian greenhouse gas emissions net zero by 2050. On top of the spending committed today, Trudeau has pledged to spend $300 million to create a fast charging station across Canada for electric cars. About 2% of current car sales in Canada are electric vehicles.
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
