Cleveland Claims $200 Million Investment from Ford

As Ford works to double sales of its EcoBoost engines this year—and create more than 12,000 hourly jobs in this country by 2015—the company has announced a new initiative that will help accomplish both goals. The Blue Oval is investing nearly $200 million in its Cleveland Engine Plant, which will allow for significantly increased production of the 2.0-liter EcoBoost engine for U.S. customers, and further lead to the hiring of 450 new employees.

Ford Dealer San Jose said the increased EcoBoost volume is vital, too, since Ford sold 334,364 EcoBoost-powered vehicles in 2012 and is projecting that number to top the 500,000-unit mark this year.

According to Ford In Greensboro NC, the move also will help Ford gain production efficiencies and further its strategy to streamline its global operations, since the 2.0-liter EcoBoost unit was built in Spain, even for North American vehicles, during the 2012 model year. (And note: Ford’s facility in Spain will remain in a similar role in Europe, continuing to build the 2.0-liter EcoBoost for those markets.)

“This is our One Ford plan at its best—giving customers the power of choice to decide which fuel-efficient engine is best tailored to their needs,” said Joe Hinrichs, Ford president of the Americas. “The Cleveland Engine Plant was the first to produce EcoBoost engines and will continue to be a cornerstone of Ford’s strategy to deliver affordable fuel economy for millions.”

According to Ford Dealers In Dallas, Ford’s American-made 2.0-liter EcoBoost engine will see duty in a wide array of products for the 2013 model year, including the Ford Explorer, Edge, Escape, Fusion, Focus ST and Taurus, as well as the brand-new Lincoln MKZ luxury sedan and MKT Livery vehicle.

This entry was posted in Auto News, Ford and tagged , , , , , , , , , , . Bookmark the permalink.