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

The new engines are destined for F-150 pickup trucks

   

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

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

ford f 150 2011 630 300x225 F: Ford to Invest $500M, Add 300 Jobs in Ohio
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.

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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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