The federal government is giving Ford Motor Co. $464.5 million toward retooling its idled Oakville assembly plant to produce heavy-duty F-series gas and diesel-powered trucks.
The funding — mentioned in a federal database for grants and contributions — comes as the Dearborn, Mich.-based auto manufacturer revealed it has increased its own spending on the retooling to $5 billion from $1.8 billion.
The database says the funding agreement, which took effect March 30, runs until 2038.
Trump is determined to bring all assembly home. Will Ford take the money and run?
