Ford Canada CEO says association not loath from $700M investment in Ontario
Ford Canada’s new boss and CEO says a company’s financial joining to automobile production in Canada has not wavered given a choosing of U.S. President Donald Trump.
Mark Buzzell, who took over a position in January, says Ford stays committed to a $700 million appropriation injection it betrothed final tumble as partial of a work understanding reached with Unifor.
He says some of a income will go towards Ford’s public plant in Oakville, Ont., and some of it to dual engine plants in Windsor, Ont.
Since Trump became boss compelling protectionist policies, questions have arisen over either a 3 automakers sojourn committed to $1.5 billion in investments in Canada, as they concluded to after common negotiate with Unifor.
Since his coronation about a month ago, Trump has kick-started efforts to renegotiate a North American Free Trade Agreement, spoke of a need to exercise limit tariffs and cold U.S. appearance in a Trans-Pacific Partnership.
Buzzell says it’s formidable to assume on how such policies could impact a automobile sector, though combined that Ford is a large proponent of giveaway trade and believes NAFTA has served it well.
Article source: http://www.cbc.ca/news/canada/windsor/ford-canada-commitment-1.3986126?cmp=rss