Ford is investing $1.8 billion on North American facility upgrades in order to produce its 2011 model year line-up, creating 1,260 new jobs. Included in the facility upgrade is a $155 million investment in its Cleveland Engine Plant No. 1, creating 60 jobs.
The investment is to retool the plant in order to produce the 3.7L DOHC Ti-VCT V6 engine for the 2011 Ford Mustang, capable of 305 horsepower and an expected, class-leading 30mpg.
Bill Russo, director of manufacturing for Ford's powertrain operations said, "Ford is absolutely committed to delivering class-leading fuel efficiency with every new vehicle we introduce, and this investment in Cleveland provides further proof."
-Anthony Alaniz
[Source: Left Lane News]
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