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NINETY EIGHT REGENCY

Ford to invest $155M in Cleveland Engine Plant

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Ford to invest $155M in Cleveland Engine Plant

Bryce G. Hoffman / The Detroit News

Ford Motor Co. will invest $155 million in its Cleveland Engine Plant to produce the new 3.7-liter V-6 for the 2011 Ford Mustang.

The move is part of a broader push to introduce nine new engines and transmissions in North America this year. With today's announcement, Ford is two-thirds of the way to its goal -- investing a total of $1.8 billion to build six of those at factories from Mexico to Canada.

These include:

• A new 6.2-liter V-8 engine at the company's Romeo Engine Plant in Michigan

• A new 6.7-liter V-8 Power Stroke diesel at the Chihuahua Engine Plant in Mexico

• A new 6-speed transmission at the Sharonville Transmission Plant in Ohio

• A new 5.0-liter V-8 engine at the Essex Engine Plant in Windsor, Ontario

• A new 6-speed transmission at the Livonia Transmission Plant in Michigan

Together, these projects are creating 1,260 new jobs, but these are being filled by workers from other idled facilities or who have been laid off.

From The Detroit News: http://detnews.com/article/20100226/AUTO01/2260334/1148/auto01/Ford-to-invest-$155M-in-Cleveland-Engine-Plant#ixzz0gempjuH9

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