Ford cash boost for greener engines
Ford is to invest a huge £1.5bn in green engine technology at its UK plants to benefit new fuel-efficient low-CO2 petrol and diesel engines.
Ford's petrol ECOnetic diesel and Ecoboost diesel engines have found their way into a number of Ford models, including the Fiesta, Focus and Transit EConetic models and forthcoming Ford S-MAX Ecoboost.
The investment is contingent on receiving a loan of £450m from the European Investment bank, which is backed by a £360m Government loan guarantee
The cash will secure a number of jobs across Ford's Dagenham, Dunton, Southampton and Bridgend plants.
Dagenham produces diesel engines that emit as little as 98g CO2/km for Fiesta and Focus ECOnetic models. Transit ECOnetic vans are assembled at Southampton.
Ford Bridgend produces EcoBoost petrol engines, which will find their way into the new Ford C-MAX this autumn.