2014 Ford Edge, Flex Plant to get $684 Million Investment
Due to rising sales of the 2014 Ford Edge, the automaker will invest $6.8 million into its Oakville assembly plant in Canada to meet demand. Additionally, Ford will add 2800 jobs at the plant, which also produces the 2013 Flex and the Lincoln MKX and MKT.
The plant has already hit a number of significant milestones this year, including its 60th anniversary and the production of its one-millionth Ford Edge. The U.S. continues to be Edge's largest market. Sales of the Edge peaked at 130,000 units back in 2007 and the automaker says it should surpass that number by the end of this year. Earlier this year a photo of what appears to be the next-generation Ford Edge leaked by accident during a presentation held by the automaker. The photo reveals a number of exterior tweaks including an all-new front fascia and deeper character line. Its powertrain offerings should include a 2.0-liter turbo-four, a six-cylinder, and possibly a hybrid.
Ford says improvements at the plant should be completed by fall 2014. It's possible that production of the next-gen Edge should start soon after and arrive in showrooms as a 2015 model year. It's unknown if the Ford Flex will continue on with a second-gen model. In addition to the Oakville investment, Ford will increase its annual budget on parts it produces in Canada by $195 million.