Ford, as one of the biggest automaker company in the world, is investing $700 million in Oakville in Ontario. This investment marks a significant change for Ford that it secures the current employees in Ontario and makes Ford more competitive in Canada. As the auto industry takes a big role in Ontario economy, the investment in auto company will lower the unemployment rate in Ontario. Not only this investment is benefit for Ford, it also benefits the town, Oakville. Indeed, the town will be developed that there could be more jobs created for the people in Oakville. In addition, Ontario and the federal government also provide around $70 million each toward the investment in which auto industry is going grow in Ontario.
Recent Comments