Ford to build new $1-billion plant in Oakville
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OAKVILLE, ONT. - Ford Motor Co. plans a new $1-billion project to build a flexible manufacturing plant at its facility in Oakville.
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The recovery of Ford Motor Co. -- even   with plans to cut 45,000 jobs, close 16 factories and save $5   billion -- hinges on a deceptively simple solution: it has to   build cars people want to drive, analysts said.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan in response to slumping sales.
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Britain's last big carmaker MG Rover is about to seal a Â£1bn agreement to help build 200,000 cars a year in China.
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Ford Motor Co. F.N will offer buyout   packages of up to $140,000 to all of the more than 75,000   workers at its U.S. plants, the United Auto Workers union said   on Thursday, a day before the automaker details a revised   turnaround plan in response to slumping sales.
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Ontario industries may tap into $650 million in funds to develop eco-friendly cars and technologies, provincial government leaders said.  But activists said it was unclear what the environmental outcome would be.
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Infineon, the German maker of computer chips, said it planned to invest one billion dollars (750 million euros) in building a new production plant in Kulim High Tech Park, Malaysia.
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Company will begin production on sub-1-inch hard drive later this year.
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Mexico is poised overtake Canada in annual passenger vehicle sales by 2010, a situation one economist says could make it more difficult for Canada to lure future investments from automakers, including the construction of new assembly plants and
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Magnitogorsk Iron and Steel, a Russian steel maker, plans to spend at least $1 billion on a plant in Ohio to produce steel for carmakers.
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Infineon Technologies AG today said it would build a new front-end production plant in Kulim High Tech Park, Malaysia, at a cost of $1 billion.
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By Steve Cahalan, La Crosse Tribune, Wis.  Feb. 10--The second phase of a two-part expansion is under way at Chart Industries Inc.'s La Crosse plant and is expected to be completed this summer.
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Toyota Motor Corp (7203.T), the world&#39;s  biggest auto maker, plans to build a new car plant in Japan to  revamp its production facilities, domestic media reported on  Friday.
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MONTREALâAlcan Inc. has given the green light to a $1.3 billion (US) expansion of an alumina refinery in Australia&#39;s Northern Territory.
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Ford Motor Co  is set to announce up to 13,000 new job cuts after agreeing with the United Auto Workers union on terms of the redundancies, The Wall Street Journal reported on Thursday.
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TORONTO - Ford Motor Co. is reported to be on the verge of announcing a $1-billion investment at its plant in Oakville, Ont. The company has decided to build a flexible manufacturing plant at the site, the Toronto Star reported Friday.
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Ford Motor Co.  said  on Tuesday it would boost production in Russia to 125,000 cars  per year by 2009 from 72,000 as it seeks to satisfy booming  demand in Europe&#39;s fastest growing car market.