Ford to Invest $678 Million in Canadian Plant to Increase Edge, MKX Production

Sep 19, 2013 11:05 AM EDT | Matt Mercuro

Ford Motors said it will be investing C$700 million ($678 million) its Oakville assembly plant in Canada to help "boost" its North American manufacturing capacity.

Demand for cars in North America has increased to "pre-recession levels" according to Reuters.

The automaker said the investment will increase its annual spending on Canadian parts by about C$200 million to nearly C$4 billion.

Approximately 2,800 jobs will created for the plant, which would be completed by fall of 2014.

The investment will help make the next generation of the MKX crossover and the Edge crossover utility vehicles, according to Ford.

"The move to global manufacturing at the Oakville plant will enable Ford to shift production based on consumer demand more quickly and efficiently," Ford said in a press statement.

The facility is currently used to make vehicles like the Ford Flex, Edge, Lincoln MKT, and Lincoln MKX.

For the month of August, Ford Car sales were higher than most of its competitors, including General Motors and Chrysler Group, according to the automaker.

U.S. auto sales have increased lately, especially during the month of August. After years of U.S. citizens putting of purchasing new vehicles to buy used ones, Ford is finally benefiting from its wide range of new vehicles again, like its pick trucks and sedans.

August was Ford's best sales month since August 2006.

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