Ford to invest £70 million in Wales

Ford is investing £70 million in its engine plant in the UK, giving a big lift to the recession-hit motor industry, the company has announced.

The car giant said that its factory in Bridgend, South Wales, will produce a new generation of low-CO2 petrol engines.

The cash injection, which includes £13.4 million from the Welsh Assembly, will secure work at the 28-year-old factory which employs 2,000 staff.

Over the last five years, Ford has invested £300 million at Bridgend and the additional money will increase production capability to almost one million engines a year.

It is expected that the new engines will be in production within two years. They will be among the first of a new generation of petrol engines to provide up to 20% better fuel economy and 15% lower CO2 emissions.

John Fleming, chief executive of Ford of Europe, said: "The Bridgend team will play an important role in delivering these new engines which add an innovative ingredient to petrol engine technology and deliver a combination of low emissions and efficient performance that will be vital to meet future customer needs around the world."

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