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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Ford employees in Canada ratified a new three-year contract featuring 3% annual wage increases and a $500 million investment in the Essex Engine Plant to secure jobs. Meanwhile, Ford announced plans for a manufacturing joint venture with Geely Auto in Spain. However, the company is also recalling over 565,000 vehicles in the U.S. due to a potential fire risk linked to engine compartment wiring defects.