Ford to invest $214 million on a new engine factory in Brazil

According to a Wall Street Journal report, Ford Motor Co., plans to invest about $214 million for a new engine factory in Brazil.

The total to be invested is part of company’s BRL4.5 billion capital expenditure program through 2015, said the newspaper.

The president of Ford Brazil and Mercosur, Marcos de Oliveira, highlighted the Ford pioneering in the region and the high level of quality of the new unit that will produce a totally new family of engines using the state-of-the-art technology.

The factory will occupy a building of 24 thousand m2 and will have capacity to produce 210 thousand engines per year.

Today Ford do Brasil manufactures models with four-cylinder engines 1.0/1.6 Zetec-Rocam and the 2.0 liter Duratec on localized low-cost versions of the global platforms like the Ford Ka, Ford Fiesta and the Ford Ecosport, a XUV version of the EuropeanFord Fusion mk1.

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• Ford to invest $446 million to build new global vehicle in Brazil
• [VIDEO] Ferrari F430 Spyder attacked by crowd in Brazil
• [PHOTO GALLERY] Nissan GT-R crashed in Brazil
• Renault Q3 Revenue up 11.9% because of record sales
• Porsche made 100.000 units of the new Cayenne
• New Fiat Palio was launched in Brazil
• New car fuel discovered – orange peels