Ford to Invest $155 Million to Build New 2011 Mustang V6 in Cleveland
Ford has announced plans to invest up to $155 million and add 60 jobs at its Cleveland, Ohio plant that will build the new 3.7L V6 for the 2011 Mustang. The new 3.7L V6 puts out 305 horsepower and also gets 30 miles per gallon on the highway.
"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.
Last week Ford announced that the automaker has already received over 11,000 orders for the 2011 Mustang, with half of those for the new V6 model.
"Mustang is completely transformed with this new engine," said Derrick Kuzak, group vice president, Global Product Development. "Everything people love about the car is still there and now under the hood is a V-6 engine that uses premium technology to deliver the power, the feel, the fuel efficiency, even the sound of the best sports coupes in the world."