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.
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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