Ford Motor Co will triple its production of EcoBoost-powered vehicles in Europe by 2015, the US based automaker announced Wednesday.
In 2011, Ford made 141,000 EcoBoost engines and this number will jump to 480,000 in 2015.
Ford will also expand the number of models available with the engine to 10 from the current five by 2015.
In addition, more than 300,000 of the annual output will have the newest engine: a 1.0-liter three-cylinder that has begun production at a new plant in Craiova, Romania.
The plan is to build 800,000 of the 1.0-liter engines for Europe by 2015 in Romania as well as Cologne, Germany, which began production in November.
The 1.6-litre variant is produced at Bridgend, in Wales, while the 2.0-litre EcoBoost engines are produced in Valencia, Spain.
The automaker expects that by 2015, more than half of its cars sold in Europe will be equipped with the engine.
For the first quarter, for Europe, Ford reported a pretax loss of $149 million, hurt by dwindling auto demand as many countries there experienced recession-like conditions.
“This past quarter was the lowest industry we’ve seen in Europe since 1995,” Shanks told analysts on a conference call today. “This is like looking at the U.S. back in ’08, ’09. It’s a really, really tough environment.”