Pins on June 1 going back to 1981: 30.
In 1,796: Tennessee was admitted as the 16th state of the United States. (Wikipedia)
The plant will build the company’s next-generation EVs that are expected to arrive to market around mid-decade.
The changes to the Oakville complex will include combining three body shops into one and adding battery pack assembly, Ford said.
The Oakville plant will continue to build the gas-powered Ford Edge and Lincoln Nautilus crossovers up until the plant’s downtime.
The investment is part of Ford’s plan to have production capacity for 2 million EVs globally by the end of 2026.
The retooling is expected to take six months and begin in the second quarter of next year, Ford said.
The U.S. could fail to meet its debt obligations sooner than expected, Treasury Secretary Janet Yellen warned in a letter to House Speaker Kevin McCarthy.
Yellen said a drop in tax receipts meant the U.S. could hit its debt ceiling as soon as June 1, earlier than Wall Street and Washington had estimated.
This date is earlier than Wall Street economists were expecting. Goldman Sachs’ latest estimate this week put the deadline at some point in late July, though the bank’s economists acknowledged that weaker-than-expected tax receipts could advance that timeline.