Ford investing $ 72 million to Chennai

As American car manufacturers have a lot of success in the local market, Ford has announced to expand its powertrain facility in Chennai. Through a $ 72,000,000 investment with the expansion to be completed by mid-2012. As a result, Ford’s engine plant production capacity will increase from 250,000 to 330,000 units per year, an additional output of 80,000 diesel engines per year. “This investment strengthens the importance of our Chennai plant and Ford’s expansion in India,” said Michael Boneham, president and managing director of Ford India. “This expansion will enable us to provide more advanced engine technology and fuel-efficient for our customers in India and in markets around the world in which we export vehicles Chennai-built.” Expansion of production capacity diesel engines Ford will brings the total investment in India to more than U.S. $ 1 billion. “New investment is also more supportive of our plans to introduce eight new global vehicle Ford in India in 2015,”said Boneham. “When the expansion is completed, the third production shift will be added in the engine assembly plant, creating more than 300 new direct jobs.”