DEARBORN, Mich., Feb. 21, 2013 /PRNewswire/ --
- Ford plans to more than double its EcoBoost ®-equipped vehicle sales globally this year
- Production of 2.0-liter EcoBoost for North America at Cleveland Engine Plant in Ohio to begin in late 2014
- Ford more than halfway to its goal to create more than 12,000 hourly jobs in the U.S. by 2015
- Production of 2.0-liter EcoBoost engines for North American vehicles moves from Valencia, Spain to Cleveland; Valencia will remain the exclusive production location for the 2.0-liter EcoBoost engine for Ford of Europe-built vehicles; There is no impact on employment at the Valencia plant
To meet rising consumer demand for the award-winning 2.0-liter EcoBoost ® engine, Ford Motor Company will invest nearly $200 million and add 450 new jobs at its Cleveland Engine Plant.
"This is our One Ford plan at its best – giving customers the power of choice to decide which fuel-efficient engine is best tailored to their needs," said Joe Hinrichs, Ford president of The Americas. "Cleveland Engine Plant was the first to produce EcoBoost engines and will continue to be a cornerstone of Ford's strategy to deliver affordable fuel economy for millions."
The hiring builds on the creation of more than 8,100 salaried and hourly jobs in the U.S. last year, including 1,000 in-sourced hourly positions. Ford is more than halfway to its goal of creating 12,000 hourly jobs in the U.S. by 2015 to support new products and investment. Additionally, the company announced last month it plans to hire 2,200 salaried workers in the U.S. in 2013 to fill jobs in such key areas as Product Development, Manufacturing and IT.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV