Oakville Assembly Complex to Lead Expansion
Ford Motor Company is set to enhance its large Super Duty truck production by investing approximately $3 billion in its facilities. A significant portion of this investment, $2.3 billion, will be directed towards the Oakville Assembly Complex in Ontario, Canada, a plant that was previously planned for conversion into an all-electric vehicle hub. This strategic shift is expected to bring the Canadian plant online by 2026, increasing its annual production capacity by roughly 100,000 units.
Supporting Facilities in the U.S. and Canada to Receive Additional Funding
Beyond the Oakville Assembly Complex, the remaining investment will be allocated to enhancing production at other supporting facilities across the U.S. and Canada. Currently, Ford produces its Super Duty trucks, the robust counterparts to the F-150 pickups favored by commercial and business customers, at plants in Ohio and Kentucky. This expansion aims to address the high demand for these profitable pickups, which has outstripped the capacity of existing plants.
Ford’s Commitment to Meeting Market Demand
“Super Duty is a vital tool for businesses and people around the world, and even with our Kentucky Truck Plant and Ohio Assembly Plant running at full capacity, we can’t meet the demand,” stated Ford CEO Jim Farley. “This move benefits our customers and supercharges our Ford Pro commercial business.” The announcement positively impacted Ford’s stock, which hit a new 52-week high before stabilizing later in the day due to a broader market decline.
