The Toronto Star reports the federal government is willing to offer Ford $500 million to help retool the Oakville, Ont., plant to produce electric vehicles while Unifor maintains radio silence. Meanwhile, Ontario says it will “closely monitor” talks, and one auto forecaster says moving Ford EV production to Canada could be complicated. But, the APMA says the supply chain is ready to support EV production while Premier Doug Ford touted the province's natural resources. Live updates.
The next-generation Edge was supposed to have been launched in June, 2023 on a new platform, said AutoForecast Solutions. But tepid retail sales as well as an increasingly crowded mid-size crossover segment contributed to Ford’s decision to cancel the new program, he said.
Canada’s auto industry is calling on the federal government to implement a series of measures, including a scrappage program and an immediate three-month sales tax holiday for vehicle purchases, to help kick start sales, once the economy begins to reopen.
While CADA economist Oumar Dicko applauded the government’s $82 billion package to help support individuals and businesses affected by the crisis, he said the government needs to act quickly to distribute the money so that it can have an immediate impact.