Canada Provides Ford With $350M For Pick-Up Truck Production at Ontario Plant-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Canada Provides Ford With $350M For Pick-Up Truck Production at Ontario Plant

Dow Jones05-08 03:41

By Paul Vieira

OTTAWA--Canada is providing Ford Motor with nearly $350 million to refurbish the automaker's factory in suburban Toronto to accommodate the annual production of 100,000 super-duty trucks.

The financing is disclosed on a Canadian government database tracking grants and contributions, and indicates an agreement was reached in late March. Government documents indicate the money will help create about 1,800 jobs, "while complementing ongoing production at other Ford facilities" in the country.

About two years ago, Ford said it would boost output of it popular F-series pickup trucks in Oakville, Ontario, just west of Toronto, through an investment of $3 billion.

Representatives for Industry Minister Melanie Joly and the Detroit-based automaker did not return messages seeking comment.

The fresh round of financing was earlier reported by The Logic, a Canada-based online business-news outlet.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

May 07, 2026 15:41 ET (19:41 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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