3/4/2010
Ford Invests $155 Million in Fuel-Efficient Engines; Adds Jobs with Cleveland Plant No. 1 Upgrade
With Cleveland plant upgrade, Ford already has invested $1.8 billion and added 1,260 jobs in North American powertrain engineering and facilities.
Ford Motor Co. is investing $155 million and adding
60 jobs at its Cleveland, OH, operations to build a new
fuel-efficient V6 engine for the 2011 Mustang, which has highway fuel
efficiency of 30 mpg on the highway and 305 hp.
The investment and jobs at Ford's Cleveland Engine Plant No. 1 brings
the company's investment in powertrain engineering and facility
upgrades in North America to $1.8 billion to support its 2011 vehicle
launches – with more to come, according to the Detroit automaker. The
total number of jobs being added as part of these investments is 1,260.
The new Mustang engine is one of nine new or upgraded engines or
transmissions for 2011 model Ford, Lincoln and Mercury vehicles.
Also available for the 2011-model year are the Mustang GT – with an
all-new 5.0L V8 delivering 412 hp and projected
unsurpassed highway mileage of 25 mpg – and a no-compromises Shelby
GT500 powered by a 5.4L supercharged V8 and 550 hp.
The new 3.7L V6 is built at Ford's Cleveland Engine Plant 1. The
5.0L V8 engine is built at Ford's Essex Engine Plant in Windsor,
Ontario. The 5.4L supercharged V8 is built at Ford's Romeo,
MI, Engine Plant.
Cleveland Engine Plant No. 1's V6 engine is expected to represent two-thirds of Mustang's volume this calendar year.
The investment represents the latest in Ford's ongoing commitment to
the Cleveland Engine Plant No. 1. Opened in 1951 as Ford's first engine
plant in Ohio, the facility has produced more than 35 million engines.