Ford, the American automaker that has its main headquarters in the suburbs of Detroit, Michigan is set to invest $145 million to upgrade their old engine plant in the city of Cleveland, Ohio. It can be said that this move is long overdue as the said plant has been in operation since 1951 and has been used to make EcoBoost engines since 2009. In fact, it has produced more than 1 million EcoBoost engines since the said year. Also, this confirms days of rumours about Ford’s big time investment that have been circulating for quite some time.
The move also paved the way for the assembly of Ford’s next top notch engine. Per reports, the Cleveland facility will be utilised to manufacture the next generation 3.5-liter EcoBoost engine, which is set to make its much awaited debut in the 2017 Ford F-150 Raptor. This investment may play a key role in the company’s plan to speed up manufacturing procedures to build its most advanced V-6 engine as of late.
At present, the mentioned facility is being used by to produce the current V-6 EcoBoostand, which is a two inline-four-cylinder engine that has been used by Ford for several years now. They are standard engines for Ford Explorer, F-150, Expedition, Transit Van, Flex, and Taurus. Furthermore, this will also allow the company to retain about 150 new employees to support their upgrade efforts and the city of Detroit in general.
“This investment is good news for Cleveland auto workers and northeast Ohio. Ohio workers are among the best in the world and this investment will help Ohio continue our proud auto manufacturing tradition,” Sen. Rob Portman (R-OH) said.
To add, just last month, Ford announced that announced that their fourth quarter net profit ballooned to $1.9 billion, this capped a record year for the United States’s second best automaker. This prompted their executives to try repeat or beat their performance this year.