Ford to invest $155 million in Cleveland engine plant, adding 60 jobs

Ford to invest $155M, add jobs at engine plant

CLEVELAND — Ford Motor Co. said it will spend $155 million upgrading a factory to build a new fuel-efficient V6 engine for the 2011 Mustang and expects to add 60 jobs as a result.

Ford says the upgrades are part of $1.8 billion in investments for engineering and facility modernization that will support its 2011 vehicle launches. There have been a total of 1,260 jobs added by Ford as part of those changes.

Ford recently had around 600 workers on indefinite layoff nationwide.

The automaker developed nine upgraded engines and drive trains for its 2011 model Ford, Lincoln and Mercury vehicles.

The 2011 Mustang goes on sale this spring.