Ford Commits $499 Million to Canada Engine Plant, Defends Trade Deal

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Or sign-in if you have an account.(Bloomberg) — Ford Motor Co. and the union representing its Canadian employees ratified a contract that will mean wage increases and bonuses for thousands of workers, with the automaker committing to an investment in a southwestern Ontario engine plant.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountHourly workers will receive a 9% wage increase over the three-year span of the agreement, Ford said in a news release on Sunday. Eligible full-time permanent employees will get a C$10,000 ratification bonus, while temporary employees will qualify for C$2,000.The collective agreement includes a new C$700 million ($499 million) investment at its Essex Engine Plant located in Windsor, Ontario, in addition to a previously planned C$550 million for its Oakville assembly factory, which is about to ramp up production of large pickup trucks.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFord said the new money for the Essex plant will “maximize 5.0-liter engine production” and support the manufacturing of even larger engines. Many of those parts are shipped to Ford’s US assembly plants. The engine facility is a short drive from the Gordie Howe International Bridge, a new span that’s finally set to open this month, and is designed to speed trade flows between Canada and the US for the automotive and other sectors. “This agreement is about investing in our people and Canada’s future,” Ford Chief Executive Officer Jim Farley said in a statement.Farley also spoke out in favor of the US-Mexico-Canada Agreement, which the Trump administration has so far refused to renew. “A strong, integrated North American manufacturing system is essential to our competitiveness, and a revised USMCA is critical to fending off the cost and currency advantages enjoyed by imported vehicles from Korea and Japan,” he said. The union, known as Unifor, represents about 5,000 Ford workers in Canada. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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