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The Ford Motor Company of Canada is a wholly owned subsidiary of Ford Motor Company, [3] although it once had its own distinct group of shareholders. [4] At its formation, Ford Motor Company was not a shareholder of Ford Canada, but its twelve founding shareholders directly held 51% of Ford Canada's shares, and Henry Ford himself owned 13% of the new company. [2]
McGregor saw the company he founded expand from producing 117 cars in its first fiscal year, to 51,341 in 1922. This resulted in almost seven out of 10 cars sold in Canada being built by Ford of Canada. He saw his company become the first automobile manufacturer in Canada to build the complete automobile from raw material to the finished product.
In 2013, Ford announced an investment of CA$700 million to upgrade the plant to manufacture vehicles of global platform with the assistance from the governments of Canada and Ontario of CA$140 million worth to the project. The plant assembled 255,924 vehicles in 2012, and 258,358 vehicles in 2013. [5]
Ford officials announced at a call Thursday morning plans to build 100,000 more Super Duty Trucks annually at Oakville Assembly Complex in Canada.
Ford will add initial capacity for 100,000 Super Duty trucks at Oakville. The move also means added jobs in Windsor and in US. Ford announces plan to build Super Duty in Canada as EV production ...
Canada is currently the thirteenth-largest auto-producing nation in the world, and seventh largest auto exporter by value, producing 1.4 million vehicles and exporting $32 billion worth of vehicles in 2020. [1] Canada's highest rankings ever were the second-largest producer in the world between 1918 and 1923 and third-largest after World War II.
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