Ford Investing $155 Million In Cleveland Engine Plant For 2011 Mustang

Posted Feb 26, 2010

Ford Motor Company (NYSE:F) will be investing $155 million in their Cleveland Engine Plant to manufacture the 3.7 liter V-6 engines for 2011 Mustangs. Production will be starting next month said Ford spokeswoman Marcey Evans. Overall Ford is spending $1.8 billion to overhaul six of their engine and transmission plants across North America. Ford is going to add new engines to their factories in Romeo, Michigan; Windsor, Ontario; and Chihuahua, Mexico. News transmission production will be started in Livonia, MIchigan and Sharonville, Ohio. [BusinessWeek]