The Ford Motor Co. is investing $155 million and 60 jobs at a Cleveland, Ohio engine plant as it gets ready to build a fuel-efficient V-6 engine for the 2011 Mustang.
The budget commitment includes $121 million in manufacturing investment at the plant and $34 million for launch and engineering, according to a company press statement. The plant will build two-thirds of the engines and handle the manufacture of cylinder blocks, heads and crankshafts.
Ford's investment is supported by its green partnership with the U.S. Department of Energy. This Ohio plant is one of 11 Ford facilities in the U.S. participating in the Advanced Technology Vehicles Manufacturing Incentives Program, aimed at helping to develop advanced technology vehicles and strengthen American manufacturing across the country.
The plant, which was Ford's first Ohio engine plant in 1951 shut down in 2007 and reopened in May 2009 produce a new line of fuel-efficient engines.
With the Cleveland plant upgrade, Ford has invested $1.8 billion and added 1,260 jobs in North American powertrain engineering and facilities to support 2011 vehicle launches.