Ford Boosts Small-engine Production In US
Settles said the union also agreed to work-rule changes to help make a business case for Ford to build the engine in Ohio. Eliminating expensive shipping costs from Spain was part of that, he said.
The Valencia plant will continue to make small engines for Europe, but some of its workers will be transferred to a nearby assembly plant.
Ford shares fell 27 cents, or 2.1 percent, to $12.33 in Thursday afternoon trading amid a broader market decline.
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