Ford to make C$1 billion Oakville investment

Newswire

OAKVILLE, Ontario, Oct 29 (Reuters) - Ford Motor Co. of Canada will spend C$1 billion ($820 million) to turn its Oakville, Ontario plant into a flexible manufacturing plant, the car maker said on Friday. The project would transform the Oakville plant, which makes the Ford Freestar and Mercury Monterey minivans, into a flexible assembly plant that could make multiple models on the same assembly line. The updated plant would begin production in 2006. ($1=1.22 Canadian)

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