Contribution: SIF Stream 3 - Attraction
Ford Motor Company of Canada, Limited
$295,000,000.00
815949
FY 2023-24 · 2023-07-01
Summary
This project was originally designed to convert Ford’s Oakville Assembly Complex (OAC) from a manufacturing facility that produces internal combustion engines (ICE) to a manufacturing facility that produces battery electric vehicles (BEVs).
Program
SIF Stream 3 - Attraction
Location
Oakville, Ontario, Canada
Recipient Type
For-profit organization
Business Number
892183476
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2023-07-01 | 2023-24 | $295,000,000.00 |
| 1 | 2023-07-01 | 2023-24 | $295,000,000.00 |
As published
Additional Information
Agreement terminated. No funds disbursed.
Additional Information (French)
Entente annulée. Aucun versement n'a été effectué.
Agreement End Date
2026-03-27
Agreement Number
815949
Agreement Start Date
2023-07-01
Agreement Title
815949
Agreement Title (French)
815949
Agreement Type
Contribution
Agreement Value
$295,000,000.00
Amendment Date
2026-03-27
Amendment Number
1
Description
This project was originally designed to convert Ford’s Oakville Assembly Complex (OAC) from a manufacturing facility that produces internal combustion engines (ICE) to a manufacturing facility that produces battery electric vehicles (BEVs).
Description (French)
Ce projet visait initialement à transformer le complexe de montage d'Oakville (CMO) de Ford d’une installation manufacturière produisant des véhicules à moteur à combustion interne (ICE) en une usine dédiée à la fabrication de véhicules à batterie électriques (VBE).
Expected Results
Ford made a strategic decision to realign operations and shift away from Battery Electric Vehicle (BEV) production. As a result, the contribution agreement was terminated by mutual consent.
Expected Results (French)
Ford a pris une décision stratégique de réaligner ses opérations et de s’éloigner de la production de véhicules électriques à batterie (VEB). En conséquence, l’accord de contribution a été termineé d’un commun accord.
Federal Riding
Oakville
Federal Riding (French)
Oakville
Federal Riding Number
35072
NAICS Code
336110
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
SIF Stream 3 - Attraction
Program Name (French)
FSI Volet 3 - Attraction
Program Purpose
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
Program Purpose (French)
Favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ; faciliter la croissance et l'expansion des entreprises au Canada ; attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
892183476
Recipient City
Oakville
Recipient Country
CA
Recipient Legal Name
Ford Motor Company of Canada, Limited
Recipient Operating Name
Ford of Canada
Recipient Postal Code
L6J5E4
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
033-2021-2022-Q2-815949
