Ford invests $500m for new engine

Ford Motor Company has committed to investing $500m into the production of its new 2.7 litre, six-cylinder EcoBoost engine for its best-selling F-150 pickup trucks. The move will also create 300 jobs at the company’s Lima, Ohio engine plant.
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Jimmy Settles, UAW president, speaks at a press conference on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Robots assemble a 3.5 liter engine at the Ford Engine Plant on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Melanie Mosier, left, and Elia Herevia, install camshafts on a 3.5 liter engine at the Ford Engine Plant on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Allen Caudill tests a 3.5 liter engine at the Ford Engine Plant on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Jimmy Settles, UAW vice president, speaks during a press conference on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Ray Lopinski installs pistons on a 3.5 litre v-6 motor at the Ford Engine Plant on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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Pistons travel along the assembly line at the Ford Engine Plant on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)
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John Minor of Job's Ohio speaks during Ford's announcement on March 28, 2014 in Lima, Ohio. The company announced plans to add 300 jobs and invest $500 million to build a new 2.7 litre Ecoboost engine at the Ford Engine Plant. (Getty Images)