Ford to invest $500 million in EcoBoost production of ‘F- 150’

March 30, 2014: Ford Motor Co. has decided to invest $500 million in its EcoBoost turbocharged V6 production of  ‘F- 150’. This initiative will also create hundreds of new jobs.

It has also signed up for the production of the 2.7 litre EcoBoost engine, an energy efficient product used in the 2015 F-150 truck.

“Our truck customers have spoken, and we continue to meet their evolving needs by providing another V6 option in the all-new 2015 F-150,” Joe Hinrichs, Ford’s President.

The Detroit News also stated that about 40 per cent of all F-150 sales are loaded with the 3.5-liter EcoBoost, surpassing even Ford’s own internal projections and making a strong argument for the business case of an even smaller displacement six-cylinder engine.

“The US auto industry is the best in the world and Ohio’s workers are a major reason why. One in every six cars produced in the United States is made in Ohio. Ford’s investment will strengthen both our state’s proud auto industry and growing manufacturing sector,” said Sherrod Brown, US Sen.

As per the R.L. Polk & Co. data, the retail sales, excluding fleets of light-duty pickups equipped with V6 engines have grown more than 600 per cent since 2010, and Ford’s F-150 have accounted for nearly all of it.

The $500 million project will help renovate and improve 700,000-square feet at the plant for the installation of a flexible engine assembly system.

Reports also stated, ‘Ford will also have a naturally aspirated 3.5 liter V6 and a 5.0 liter V8 engine in the 2015 F-150.’