Ford Invests $155M to Expand Cleveland Plant
Ford just announced it will spend $155 million and add 60 jobs at its Cleveland operations, where the V6 engine for the 2011 Mustang is being built, to cope with the increased demand.
“Ford is absolutely committed to delivering class-leading fuel efficiency with every new vehicle we introduce, and this investment in Cleveland provides further proof,” Bill Russo, director of manufacturing for Ford’s powertrain operations said in a release.
“Mustang is completely transformed with this new engine,” Derrick Kuzak, group vice president, Global Product Development added. “Everything people love about the car is still there and now under the hood is a V-6 engine that uses premium technology to deliver the power, the feel, the fuel efficiency, even the sound of the best sports coupes in the world.”
The Cleveland facility is expected to account for two-thirds of Mustang’s volume this year. The money to be spent by Ford includes $121 million in manufacturing investment at the plant and $34 million for launch and engineering.
The investment is backed by the US Department of Energy, who included the plant in the Advanced Technology Vehicles Manufacturing Incentives Program, a program meant to develop advanced technology vehicles.
“The Cleveland Engine Plant is not only building fuel-efficient engines for some of our most popular Ford products, it’s becoming a hub for the future of Ford powertrains,” Russo added. “This facility has the flexibility and the expertise to help us meet customer demands for fun, fuel-efficient vehicles, and it represents the future of advanced manufacturing in North America.”