Ford to invest $155 million in Cleveland engine plant to build V6 for 2011 Mustang

FoMoCo announced last week that it will be investing $155 million at its Cleveland Engine Plant No.1 to build the new 3.7L DOHC Ti-VCT V6 engine for the 2011 Ford Mustang, a move that will add 60 jobs to the plant.

“Ford is absolutely committed to delivering class-leading fuel efficiency with every new vehicle we introduce, and this investment in Cleveland provides further proof,” said Bill Russo, director of manufacturing for Ford”s powertrain operations.

Ford said that the investment and jobs at Ford”s Cleveland Engine Plant No. 1 brings the company”s investment in powertrain engineering and facility upgrades in North America to $1.8 billion to support its 2011 vehicle launches. The total number of jobs being added as part of these investments is 1,260.

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The new Mustang engine is one of nine new or upgraded engines or transmissions for 2011 model Ford, Lincoln and Mercury vehicles.

Ford announced last week that it has received nearly 11,000 orders for the 2011 Mustang, with half of the nationwide orders being made for the 305-hp 3.7L V6 Mustang.

Refresher: The 2011 Ford Mustang V6 is powered by the 3.7L V6 Ti-VCT making 305-hp and 280 lb-ft. The 2011 Ford Mustang GT is powered by a 5.0L 4-valve Twin Independent Variable Camshaft Timing (Ti-VCT) V8 engine producing 412-hp with a peak torque of 390 lb-ft. Transmission choices for both models include a 6-speed automatic with a 6-speed manual offered as standard.

– By: Omar Rana