Ford plans to buy more parts made in Canada
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Ford Motor Co. has announced it plans to significantly increase the amount of business it is doing with Canadian au...
Ford Motor Co. has announced it plans to significantly increase the amount of business it is doing with Canadian auto parts manufacturers. The OEM says it will increase spending among Canadian suppliers 56% to about US$4.9 billion by 2005, up from US$3.1 billion, according to a report published in Automotive News.
Speaking at the Automotive Parts Manufacturers Association’s annual meeting, Alain Batty, CEO of Ford Canada, said buying more parts made in Canada will allow Ford to take advantage of devalued Canadian currency relative the U.S. dollar. It will also help Ford avoid tariffs on parts exported from other countries.
For builds F-series trucks and Windstar minivans in Oakville, ON, engines in Windsor, ON and the Ford Crown Victoria and Marauder in St. Thomas, ON.