25 February 2013 17:04 [Source: ICIS news]
HOUSTON (ICIS)--Ford will move production of its 2.0-litre EcoBoost engine from Valencia, Spain, to Cleveland, Ohio, the company has announced.
Ford will invest $200m (€152) into the US plant to double capacity and add 450 new jobs. Ford said it made 1.6m EcoBoost engines at the Cleveland plant last year and expects that figure to increase by 100,000 this year. The added capacity will come online sometime in 2014, the company said.
The Dearborn, Michigan, auto maker said it is moving production from Spain to Cleveland to reduce shipping costs. It plans to offer the fuel-efficient EcoBoost engines in more than 90% of its North American nameplates this year and 95% by 2015.
US automakers are scrambling to build more fuel-efficient cars to meet new US fuel economy standards. The current standard is 29 mpg for an auto maker's fleet; it is mandated to rise to 35.5 mpg in 2016 and 54.5 mpg in 2025.
“Ford needs all the fuel-efficient engines they can get,” said Michael Omotoso, senior manager of powertrain for LMC Automotive in Detroit. “If the 2.0 can replace some V-6s and get better fuel economy, it makes sense for Ford to do that.”
The American Chemistry Council (ACC) estimates that each automobile contains an average of $3,297 (€2,440) worth of chemicals, such as acrylonitrile-butadiene-styrene (ABS), nylon, polycarbonate (PC) and others.
($1 = €0.76)
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