The federal government has indicated that it’s willing to put up to half a billion dollars into financing electric vehicle production in Oakville, with some money coming from the provincial government — an offer that could allow the Ford plant to stay open for years to come, the Star has learned.
Ford Motor Co. and its main union are in the midst of labour negotiations ahead of a deadline midnight Monday night, and a push for a retooling of the plant for mass production of EVs and their high-tech batteries is central to the talks.
After months of discussion and pressure from environmentalists and labour, Ottawa has told the company it is willing to do what it takes to bring electric vehicle production to Ontario and expects its funding to be part of an eventual $2-billion investment for a new mandate at the Oakville Assembly Complex.
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