Post by Logan on Feb 26, 2016 0:36:34 GMT -6
Ford confirmed Thursday that it plans to invest $145 million to upgrade its Cleveland Engine Plant so it can build its next-generation, 3.5-liter EcoBoost engine and expand the lineup of cars and trucks that are offered with the popular engine.
Ford said the investment, which was promised as part of the automaker's new four-year contract with the UAW last fall, will create or retain 150 jobs.
The Dearborn automaker's investment is part of a $9-billion commitment Ford made during contract negotiations with the UAW to invest in its U.S. plants over the next four years, even as the automaker also continues to invest in Mexico and expand its presence in that country.
Ford’s EcoBoost engines, introduced in 2009, have proven to be reliable and popular among consumers even though they cost more than Ford's regular gasoline engines. EcoBoost engines are designed to deliver the same capability as larger-displacement engines but with better fuel economy.
Read more: www.freep.com/story/money/cars/ford/2016/02/26/ford-confirms-145m-cleveland-engine-plant-investment/80942098/
Ford said the investment, which was promised as part of the automaker's new four-year contract with the UAW last fall, will create or retain 150 jobs.
The Dearborn automaker's investment is part of a $9-billion commitment Ford made during contract negotiations with the UAW to invest in its U.S. plants over the next four years, even as the automaker also continues to invest in Mexico and expand its presence in that country.
Ford’s EcoBoost engines, introduced in 2009, have proven to be reliable and popular among consumers even though they cost more than Ford's regular gasoline engines. EcoBoost engines are designed to deliver the same capability as larger-displacement engines but with better fuel economy.
Read more: www.freep.com/story/money/cars/ford/2016/02/26/ford-confirms-145m-cleveland-engine-plant-investment/80942098/