Canada announces C$590m investment in Ford electric car plant | Malay Mail

Prime Minister Justin Trudeau’s government and the province of Ontario announced yesterday investments of C$295 million each in a Ford factory billed as the largest electric vehicle plant in North America. — Reuters pic

At a joint news conference with Ontario Premier Doug Ford, Trudeau called the investments totalling C$590 million “one of the first steps to build a next-generation auto industry.” The Oakville, Ontario assembly plant is to be repurposed as part of a deal announced last month between the Ford Motor Company and the Canadian union Unifor, to build five new electric vehicle models and the batteries that will power them.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hundreds arrested as Indonesians protest against new investment bill | Malay MailJAKARTA, Oct 8 — Hundreds of people were arrested in Jakarta today as tens of thousands protested across Indonesia for a third day against a controversial new law that critics say will harm labour rights and the environment. Thousands of security personnel were deployed to block access to the... Right cause
Source: malaymail - 🏆 1. / 86 Read more »

Morgan Stanley acquires investment firm Eaton Vance | Malay MailNEW YORK, Oct 8 — US financial powerhouse Morgan Stanley said today it had reached a deal to acquire wealth management firm Eaton Vance Corp for about US$7 billion (RM29 billion). The transaction will bring another US$500 billion in assets under management under Morgan Stanley’s umbrella, the...
Source: malaymail - 🏆 1. / 86 Read more »