Ford Motor Co. on Tuesday said is adding a third shift to a Cleveland plant next week so it can meet demand for more-efficient engines.
“Our engine plant in Cleveland is the first and only facility in North America to produce EcoBoost engines, and we are tripling production capacity to meet customers’ growing needs for fuel-efficient engines, ” said Mark Fields, president of The Americas, at an employee celebration at the plant today.”
Ford shuttered the Brook Park engine plant in 2007 as sales of vehicles using a 3-liter V-6 made there slowed. At the time, the automaker had a thriving casting plant and a second engine plant at the Brook Park campus.
Ford Motor Company (NYSE:F) shares were at 11.28 at the end of the last day’s trading. There’s been a -8.2% movement in the stock price over the past 3 months.