New Engine Technology Investment Announced by Ford
The new investment will go into action in 2017, with engine installations in Ford cars scheduled for 2018.
Ford has announced a continuation of its investment in its Dagenham London site, with the expansion being dedicated to the production of new 2.0 litre diesel engines slated for commercial vehicles, as well as for cars.
Ford had initially invested £287 million in the first phase of its new engine program. That amount produced low carbon 2.0 litre diesel engines specifically for Ford commercial vehicles around the world. The program received additional support from the UK Government’s Regional Growth Fund. The newest phase reflects an additional £190 million from Ford, as well as £8.9 million from the Government’s Regional Growth Fund.
The engines produced during the first phase of the project are expected to be released by the end of 2015. Capacity is projected to reach 350,000 units per year, representing an engine every thirty seconds. The engines will be installed in new Ford commercial vehicles model year 2016.
The investment was praised by Stephen Odell, Ford’s executive vice president, Europe, Middle East & Africa, who said, “Ford is delighted to announce this next phase of investment at Dagenham. The overall investment of over £475 million, supported by the UK Government, underlines Ford’s commitment to the UK. This all-new, state-of-the-art, low carbon diesel engine has not only been designed and developed here, it will be manufactured by Ford in the UK too. And it will be great for UK plc as these engines will be exported to markets around the world.”