F: Ford to Invest $500M, Add 300 Jobs in Ohio

The new engines are destined for F-150 pickup trucks


A Ford (F) production plant in Lima, Ohio, will see a major investment from the automaker.

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Source: Flickr

The nation’s second-largest automaker will spend $500 million to upgrade the facility to build 2.7-liter six-cylinder EcoBoost engines for Ford F-150 pickup trucks. The engine production is expected to add 300 jobs at the plant over the next several years, Reuters notes.

Winter Weather Dents GM, Ford Auto Sales
Winter Weather Dents GM, Ford Auto Sales

Currently, the Lima plant produces 3.5-liter and 3.7-liter V6 engines used in a number of Ford vehicles. The facility employs roughly 900 workers.

The six-cylinder engine produced at the Lima plant will be first featured in the 2015 Ford F-150 pickup truck.

Ford stock climbed about 2% in Friday mid-day trading. F Stock has risen about 15% over the past year.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/03/f-ford-invest-500m-add-300-jobs-ohio/.

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