Ford Invests $155m To Manufacture New V-6 Engine
Ford Motor Company said that it is investing $155m in it's Cleveland operations to build a new fuel-efficient V-6 engine for the 2011 Mustang, which has an expected fuel efficiency of 30 miles per gallon on the highway and 305HP.
According to Ford, its $155m investment includes $121m in manufacturing investment at the plant and $34m for launch and engineering. The $121m for the manufacturing facility will support continued investment in developing and re-tooling it's manufacturing systems in the assembly and component areas.
The company said that the 2011 Ford Mustang offers a 3.7-liter Duratec 24-valve V-6 engine with an expected 30mpg on highway and a six-speed automatic transmission. The new Mustang engine is one of nine new or upgraded engines or transmissions for 2011 model Ford, Lincoln and Mercury vehicles.
The other 2011-model available are the Mustang GT powered by a 5.0-liter V-8 delivering 412HP with an expected mileage of 25mpg, and Shelby GT500 powered by a 5.4-liter supercharged V-8 with 550HP.
Derrick Kuzak, group vice president of global product development at Ford, said: “Mustang is completely transformed with this new engine. 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.”
Ford is expected to create 60 new jobs at the Cleveland facility due to it's $155m investment.
Related Insight
Suppliers Directory
Auto Components Chassis & Suspension Powertrain Paints & Materials
Technology Automobile Technology Testing
Leasing & Insurance
Supply Chain Automobile Distribution Fleet Management
Green Technology Green Vehicles Green Powertrain
Intelligence
“Competing For Share Of Global Automotive Industry Spend In 2010-2011” is a new report published by ICD Research that analyzes how industry suppliers’ media spend, marketing and sales strategies & practices and business planning will be shaped in 2010 to 2011. In an uncertain economic climate this report gives you access to the media channel spending outlooks, media budgets, marketing agency selection criteria, business challenges and sales tactics of leading suppliers to the chemicals industry. The report also identifies automotive manufacturers and suppliers future growth, M&A and investment expectations. The research is based on an extensive survey of senior and C-level industry executives from our market leading panels. Reports Buy online from $2000
Comments may be moderated for spam, obscenities or defamation.