Ford delays start of electric vehicle production, impacting 3,200 Ontario jobs
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- čas přidán 30. 05. 2024
- Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027.
Ford announced plans last year to spend $1.8 billion to transform its Oakville assembly plant into a hub for electric vehicle manufacturing, including vehicle and battery pack assembly. It says work to overhaul the plant will begin in the second quarter of this year as planned, but the launch of the new three-row electric vehicles to be produced at the factory won’t happen until 2027.
The delay will give the consumer market more time to develop, the company said, and allow for further development of EV battery technology. Some employees will remain on site during the plant transformation but there will be layoffs, Ford spokesperson Said Deep said Thursday. He noted that employees are eligible for income security benefits for a period that varies with seniority levels.
The company said it will work with Unifor, which represents 3,200 workers at the plant, to mitigate the impact the delay will have on its workforce.
Colin D'Mello has that story.
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sad but it doesnt make sense to build $120k suvs that wont sell
Gee I wonder why? Could it be because EVs are not selling.
EVs are selling just not Ford built ones
They're not selling. That's why every manufacturer is now building them leading to shortages of certain elements of the supply chain. 😂🤣
@@DW-op7ly The electric car industry is tanking across all manufacturers. It lasted 7 years , or about as long as a EV battery lasts . Now that folks know that they can expect half the service life of a ICE vehicle , and the pollution from the Nickle mining . Until they advance battery tech the EV is going the way of the DODO
EVs to surpass two-thirds of global car sales by 2030, putting at risk nearly half of oil demand, new research finds
Exponential growth in electric vehicle (EV) sales is transforming the auto sector faster than currently predicted, with EVs set to dominate global car sales by the end of the decade, putting at risk nearly half of worldwide oil demand, according to new analysis by RMI.
RMI
@@5thelementcannabisproductionbingo
And all that money we gave VW and Stellantis...bets on those plants even being needed by the time they are done in 2027/28
The car makers sure saw Ontario coming. GM and Chrysler ran off with millions in unpaid 2008 financial crisis loans. Then GM packed up and left Canada altogether.
And we didn't learn from that...and fired up the money machines again for battery plants
How did GM leave Canada altogether if they have two assembly plants in operation employing thousands?
@@Jaycee604 Where? They used to employ 30, 000 in Oshawa in 1980, how many work there today?
@@rboddington You stated they packed up and left Canada altogether which isn’t true. Workforce numbers are nowhere near the 30000 they once had. GM OSHAWA closed and reopened and is building GM pickups. Then you have GM CAMI in Ingersol which is building ZEVO 400 and 600 electric Cargo vehicles. Cami has experienced tons of layoffs as they didn’t have batteries and other issue. They just started back up after 8 months downtime because of no batteries.
@@rboddingtonCAMI in Ingersoll is GM.
My EV demand is ZERO.
Most Chinese EV manufacturers reported loss last year. Many went out of business.
- There were 500 electric car makers in China in 2019, now less than 100, a drop rate of 50% every year.
By this rate, China will have none left after a few years.
BOT
You have such a bad take
No wonder you are poor and complaining about others
That’s how business works the strong survive
Plus the Chinese are adding around 2.5 trillion to their savings a year even with their Government slowing their economy on purpose
As they will be investing more into these critical technological fields in the future as their Government cracks down on real estate speculation
And none of them have turned a profit yet.
@@ProJockThat's true!
They were heavily subsidized by the state. LOL
Trudeau will open the flood gates to bring those Chinese made EVS in to Canada if he gets reelected . He put his orders in when he had those cash for access fundraisers with Chinese billionaires back in 2016. They also just last week sent a bunch of liberals over there with Han Dong to pitch trade all this while the Chinese political interference inquiry is going on and Han Dong is one of the principal players influenced during the 2021 election. You can't make this stuff up. So what do you think they were talking about over in China ? EVs maybe.
Don’t need it…..electric heck no
Sorry for the workers because it is not their fault . I blame politicians and greedy shareholders and CEO . The ford EVs should have evolved over time naturally without huge piles of cash from governments to the car manufacturers to switch to EV tied to tight timelines by the Government . This is a flawed business model that is not sustainable. That is why Toyota did not invest in EVS , they invested in hybrids and PHEV and that is why they are number 1 in the world for years. On a side note Ford in 2023 has the most recalls in the top ten Toyota doesnt even make the list.
If I won an EV I would sell it back to the nearest dealer. Ford = Fix or repair daily. At best my next vehicle will only have fuel injection.
@@genefowler2431 🤣🤣🤣
Brutal union representation didn’t even push for continued production of cars that they currently manufacture and are selling ?????
Ford was shortsighted cancelling the Edge soon then kicking us out for 3 years. Absolute garbage situation
This is why you don't give money to the big 3
This wouldn't have anything to do with Unifor demanding and getting $44/hr for autoworkers? Expect this to never open again, $44/hr is absolutely insane and a lot of corps will move to the southern US where wages are $18-22hr. Haha does Lana Payne look like she has ever worked a labour job in her life? 74% of GM Oshawa's workforce had "restrictions" some with just 6 months seniority, who is paying $44/hr when 74% can't do half a job? GM is now funded by the taxpayers of Canada in Oshawa so $44/hr it is.
no need for surprises.. canadains voted for this.. they voted for lberalss.
Does ford live in the real world you know the one with inflation and most people struggle I don’t think so . Go price out what a battery replacement cost come back to earth
Overpriced electric vehicles are a scam
Its basic economics ppl arent lining to buy ev's . They still have a variety of problems. You cant expect a company to produce vehicles its not selling. No body is angry at you Doug. If anything we are angry at the federal government for pushing this ridiculous EV trend in which we dont even have the minerals in which to produce the vehicles 😂. You can't make this up. Can you.
I don't understand how people are shocked by this. All signs have been pointing to the end of the ev market for the last two years.
They are retooling slowly hoping for the EV market to return from the craper. I bet it will be longer.
Trudeau decided that if Canadians could not afford EVs, the best way to deal with that was to tax them and stimulate inflation until they could afford EVs. Global and the rest of the MSM thought this was a great idea, and still do. After all, what could go wrong.
Have them build the ford gt . Lots of demand there
It won’t take that long to re-tool. They just don’t want to start production yet.
Exactly! They realize the vehicles aren’t gonna sell well at this point. Who gets screwed over?? We the workers do while the bosses get their huge salaries.
Build more Mustangs instead
Make it affordable but it’s too expensive to purchase and currently we’re facing high interest rates
Tell me we are not gonna blame trudeau for this too.
Im so grateful that the Liberals and Ford's Conservatives spent 5 billion of our tax dollars to subsidize an EV battery plant in Ontario. Such a wise investment in an industry with a bright future.
Oil sands royalties reached about $20 billion in the 2022. So, we can see the environmental strategy is working - at making Canada poor.
Let someone else develop the tech and then jump back on the bandwagon when its good. Big issues are batteries, charging time and safety.
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire
You should know it's easy and hard to make that much profit. I say EASY because it's very possible to make that much, and Hard because you'll need professional assistance to do it, I'd suggest you get assisted by a market advisor.
Weapons. Lockheed. Raytheon. General dynamics. But you won't have time to spend it.
I'm an advocate for having a diverse investment strategy. I grew to a 5 figure mark with my portfolio having exposure to different areas of the market, including small and large-caps of the ETF index, blue chip stocks, coins, grade bonds and alternatives like cryptocurrency markets, as this helps manage the overall risk on my portfolio managed by my FA.. Credits to my adviser, Jasper, i have no doubt investing more
Please can you leave the info of your investment advisor here? I'm in dire need for one!!
The government should have given the money to the people so they could buy electric cars. If there are buyers, Ford will build cars. I’m sure the big shots at Ford are getting bonuses
The electric vehicle fad is dying. Gov't subsidies are gone. People are seeing how unpracticable they truly are. Few people can afford to buy new cars.
Yep, high priced union jobs gone. Funny the new 2024 Lincoln Nautilus that was being made there, is now being imported from where. you guess it. Low paying non union CHINA. (Funny how the list price even went UP not DOWN). Being made in CHINA you think they could have at least DROPPED the price, but NO. The EV's just gave "Domestic" automakers a reason to abandon Union jobs altogether. Can't say I didn't see this coming.
No 2024 Nautilus was made in Oakville. 2023 Nautilus production ended last December in Oakville. Yes, the all new Hybrid Nautilus that ford could’ve built in North America is being shipped from good ole China.
Out of a job yet? Keep buying American!
We need more good paying jobs !
At Least Tesla Is Still Getting Ahead The EV King
That's false BYD is the king 👑 of EV's now
Nope, Hate to break it to you but Teslas sales are dropping like a stone. Only place they sell is in Brain Dead Liberal States like California, New York, New Jersey and Illinois. Every other state sales are non existent.
Tesla CEO Elon Musk underscored the near-term struggles, warning last week of a sharp slowdown in sales growth this year. With margins falling amid price cuts, shareholders erased $80 billion from Tesla's stock valuation the following day.
No they arent
Well Ford have some common sense, Good job Ford.
FORD KNOWS THIS IS A SCAM theses EVs ....????
We don’t want electric
Retool this
“Sunny ways my friends, sunny ways. This is what positive politics can do.”
Justin Trudeau
Not surprising 😂😂😂😂😂
We don’t want your junk EV’s
Ford doesn't have the best product yet.
🙏😊💗 Hello you you😊l 💗 love you 😍💗💗🌷🌷🌺🌺🕊️🕊️
Maybe after Ontario finishes handing out billions to American companies to bribe them to make cars in Ontario. They could ask Japan for that long awaited apology for how they treated Canadian POWs during WWII. You know, like how the Japanese cut off the heads of Canadians with Samurai swords in prison camps. Oh wait, if Doug Ford does that, then Honda and Toyota might get mad and move their plants to the USA. Gee I wonder if that's why Ontario won't demand an apology from Japan? Hmmmmm.
It's likely because Ford can't make an EV profitably like Tesla and BYD. The retooling is necessary and will likely see the introduction of a 'gigapress' with increased automation in place to save manufacturing costs. I commend them, but, catching Tesla will be hard. Also, for those opinions lamenting about the cost of EV's, pressure your Conservative federal MP 'designate' to remove the 25% tarif on the import of foreign made EV's in the name of 'freedom'. You'll have a 250 mile EV at a 30K price point with LFP batteries that charge to 100%.
How about No .. EV's pollute more , use slave labor to mine the nickle , and buying a new $50k battery every 6 years has put everyone off the EV train to derailment .
Tesla is losing sport
Lol another Liberal success story.
Have you all seen the ev’s they have selling in China? China ev’s are the best
Who cares! Bailing out Ford does not help me as a taxpayer! Let the plant close!
EV's do not work in Canada, period!!!!!