Ford Announces $500M Investment in Lima Engine Plant
Creates 300 jobs to build new 2.7 liter EcoBoost engine for F-150 truck.
FORD FORMALLY ANNOUNCES $500 MILLION INVESTMENT IN LIMA ENGINE PLANT
Investment Solidifies Long-Term Future of Facility and 300 New Jobs
LIMA – JobsOhio today released the following statement from John Minor, JobsOhio’s President and Chief Investment Officer, regarding Ford Motor Company’s formal announcement celebrating a $500 million investment that will bring the production of the 2.7-liter EcoBoost engine to the Lima Engine Plant. This project will create 300 new jobs retain 540 at this plant.
“Ford’s continued investment in this facility is great news for Lima, the state, and of course the skilled workers who keep the plant running,” said John Minor, JobsOhio’s President and Chief Investment Officer. “We are fortunate to have a longstanding relationship with Ford Motor and look forward to continuing that relationship well into the future.”
Background: The 2.7-liter EcoBoost engine powers the Ford F-150, the top selling pickup in the industry. In 2013, Cars.com ranked the F-150 as the most “American-made” vehicle as its parts come from more U.S. suppliers than any other vehicle. The investment will allow for a new higher fuel economy engine product for the F-150 and solidifies the long-term future of the Lima Engine plant. This $500 million investment will be completed in late 2014 or early 2015.
JobsOhio is a private, non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion efforts.
Learn more about JobsOhio at jobs-ohio.com.
For more information, contact:
Matt Englehart, JobsOhio