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Updated: Thu, 19 Sep 2013 11:48:24 GMT | By The Canadian Press, cbc.ca

Ford invests $700M in Oakville, Ont., plant



A line worker works on a car after the visit of Canadian Prime Minister Stephen Harper at Ford Motor plant in Oakville Ont. on Friday January 4, 2013. Ford Motor's Canadian subsidiary is investing $700 million at its Oakville assembly plant west of Toronto, a move that it says will support thousands of jobs and increase the automaker's spending on Canadian-made parts. THE CANADIAN PRESS/Chris Young The Canadian Press

A line worker works on a car after the visit of Canadian Prime Minister Stephen Harper at Ford Motor plant in Oakville Ont. on Friday January 4, 2013. Ford Motor's Canadian subsidiary is investing $700 million at its Oakville assembly plant west of Toronto, a move that it says will support thousands of jobs and increase the automaker's spending on Canadian-made parts. THE CANADIAN PRESS/Chris Young The Canadian Press

Ford Motor's Canadian subsidiary is investing $700 million at its Oakville assembly plant west of Toronto, a move that it says will support thousands of jobs and increase the automaker's spending on Canadian-made parts.

It says several new models will be brought to the plant to meet demand in North America and elsewhere.

The Oakville plant currently makes the Ford Edge, Ford Flex, Lincoln MKX and Lincoln MKT.

The automaker's president for the Americas, Joe Hinrichs, says the investment will mean Ford's spending on Canadian-made auto parts will increase by about $200 million to a total of nearly $4 billion annually.

Ford says the investment will secure more than 2,800 jobs.

"This investment is helping us find much needed capacity for global products and securing jobs, and it is positioning Oakville as one of the most competitive and important facilities in the Ford system," Hinrichs said in a statement.

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