Earlier media reports said governments were injecting $ 500 million into the plan. On Thursday, the two levels of government confirmed that they were each contributing $ 295 million for a total expenditure of $ 590 million.
“By investing in Ford Canada, we are ensuring that our province continues to lead North America and the world in automotive manufacturing and innovation, while strengthening our competitiveness in this key sector,” said the Premier from Ontario, Doug Ford. “We are also getting thousands of well-paying jobs, not just at the Oakville plant, but across the province. This project will help support our auto parts industry and other suppliers and service providers.
“It’s a win-win,” Prime Minister Justin Trudeau said at a press event in Kanata, Ont., Which was linked by video with Ford and other dignitaries on the ground in Oakville. “Today’s announcement is a testament to Canada’s attractiveness as a destination for clean technology, talent and infrastructure in the automotive industry. Companies like Ford are helping accelerate our transition to a low-carbon, clean-growth economy, which will help protect our environment, spur innovation and create many good jobs for the middle class. ”