The Globe and Mail reports in its Friday edition that Ford Motor has announced a new plan for its idle plant in Oakville, Ont., as the company adjusts its production lines to reflect a slowdown in sales growth of electric vehicles. The Globe's Eric Atkins writes that Ford said on Thursday the factory west of Toronto will begin turning out large gas-powered pickup trucks by the summer of 2026. Ford had earlier said the shuttered factory, which ended production of Edge SUVs in May, would be retooled to make electric cars by 2025.
Ford later pushed back this date by two years to 2027 as demand for battery-powered vehicle sales showed an unexpected slowdown in growth. Ford said the Oakville plant will be retooled to make F-series Super Duty trucks in two years, and add electric versions later this decade.
The move will cost about $3-billion (U.S.) and include $2.3-billion (U.S.) to install assembly and stamping operations in Oakville with a capacity of 100,000 trucks a year. Ford's F-series trucks, which include the slightly smaller F-150, are the best selling vehicles in Canada and the United States. Citigroup analyst Itay Michaeli says, "The move suggests that current Super Duty pricing and demand remains strong."
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