Ford Motor Company (NYSE:F) announced that it plans to assemble F-Series Super Duty pickups at its Oakville, Ontario complex, a site previously earmarked to be converted into an all-electric vehicle hub.
The automaker said Thursday it will invest about $3 billion to expand Super Duty production, including $2.3 billion into the Oakville Assembly Complex.
It had previously unveiled plans to invest $1.3 billion into the plant for the production of three-row EVs.
Ford said the move will secure 1,800 jobs at the Oakville facility, 400 more than would have initially been created to produce three-row EVs.
The company already produces its Super Duty trucks, a larger version of its F-150 pickup, in Ohio and Kentucky.
The Canadian plant is expected to come online in 2026 and will increase its annual production capacity of the pickup by 100,000.
“Super Duty is a vital tool for businesses and people around the world and, even with our Kentucky Truck Plant and Ohio Assembly Plant running flat out, we can’t meet the demand,” Ford CEO Jim Farley said in a statement.
“This move benefits our customers and supercharges our Ford Pro commercial business.”
Shares of Ford traded modestly higher on the news, up 0.3% just shy of $15 on Thursday afternoon.