DETROIT—Ford Motor Co. says it will spend $1.34 billion ($1.8 billion Canadian) to convert an SUV factory in suburban Toronto so it can build next-generation electric vehicles.
The roughly 3,000 workers at the plant in Oakville, Ontario, are expected to keep their jobs depending on market conditions, the company said Tuesday. But some production workers will be furloughed during a six-month construction process to begin in the second quarter of 2024.
Ford wouldn’t say which models will be built at the 487-acre (197 hectare) site, which will be renamed the Oakville Electric Vehicle Complex. The plant currently builds the Ford Edge and Lincoln Nautilus gas-powered SUVs….