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Ford invests $155 million in fuel-efficient engines

Ford Motor Co. announced on Feb. 26 that it is investing $155 million and adding 60 jobs at its Cleveland operations to build a new fuel-efficient V-6 engine for the 2011 Mustang, which has expected class-leading highway fuel efficiency of 30 miles per gallon on the highway and 305 horsepower.

The investment and jobs at Ford’s Cleveland Engine Plant No. 1 brings the company’s investment in powertrain engineering and facility upgrades in North America to $1.8 billion to support its 2011 vehicle launches — with more to come, the company says. The total number of jobs being added as part of these investments is 1,260.

[Industry Week]