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FORD IN OHIO - 1992

 DEARBORN, Mich., Feb. 25 /PRNewswire/ -- Ford Motor Company (NYSE: F) and its employees marked another year of significant investment, vehicle production and sales, and civic contributions in Ohio in 1992.
 During the year, Ford provided a $1.23 billion payroll to 23,554 employees at Ford operations in the state. Additionally, Ford paid nearly $29 million in taxes on Ohio facilities, and purchased more than $2 billion worth of production parts and services from Ohio supplier plants.
 Ohio is known informally as Ford's "second home." With major manufacturing and assembly facilities in Cleveland, Avon Lake, Brook Park, Walton Hills, Maumee, Lima, Sharonville, Batavia and Sandusky, Ohio is the state with the second-largest Ford presence (after Michigan).
 Ford's presence in Ohio is extensive, with activities ranging from steel and plastic stamping operations, manufacture of engines of numerous configurations and displacements, the manufacture of sophisticated transmissions, the assembly of cars and trucks -- to the wholesale and retail activities of vehicles, parts, service and financial services.
 In 1992, there were about 15,000 Ford employees in the Greater Cleveland area alone. Ford is the Cleveland area's largest private- sector employer.
 Ford Ohio employees began building all-new vehicles in 1992 when production started April 14 on the 1993 Mercury Villager and Nissan Quest minivans at the Ohio Assembly Plant in Avon Lake.
 Nearly 2,000 additional jobs were created by the $900 million expansion of the plant for the new products, adding about $86 million annually to the plant's payroll. About half of those jobs were filled by new employees.
 And Ford Ohio employees at the Cleveland Engine Plant Number Two in Brook Park began gearing up for production of new high-tech V-6 engines as renovations continued at the plant. Ford is investing $1.2 billion in the engine program with more than $700 million slated for the plant. Engine production is expected to start in April 1994.
 When production begins, nearly 15,000 of the engines will be exported annually to Europe to power the Ford Mondeo, an all-new mid-sized car being introduced this year.
 Ford employees at the Batavia Transmission Plant continued preparations last year to produce an all-new automatic transaxle. Ford is investing $530 million at the suburban Cincinnati facility to produce the CD4E transaxle to be used in the company's mid-sized and compact cars starting in the mid-1990s.
 The new CD4E transaxle also will be exported to Europe for use in the Mondeo. Additionally, the transaxle will be used in the Ford Probe, manufactured by the AutoAlliance International, Ford's joint venture with Mazda, at the Flat Rock, Mich., Assembly Plant. The Batavia Plant eventually will produce about 400,000 transaxles yearly for Europe, North American and AutoAlliance International.
 In 1992, Ford donated about $2 million to social welfare, civic, cultural and educational programs and the United Way in the state through its Ohio Community Relations Committees and the Ford Fund.
 A total of 142,342 new cars and trucks were sold in 1992 by 195 Ford dealers in Ohio -- for a total share of 16.4 percent, a 3.1 percent increase over 1991. The 43 Lincoln-Mercury dealers in Ohio sold 25,758 cars and minivans last year -- for a total share of 7.2 percent, an increase of six-tenths of one percent over 1991.
 With more than 300 employees at six Ohio branches, Ford Motor Credit Company made its presence felt in the state, financing more than 45,000 vehicle sales totaling more than $623 million in 1992.
 Other members of the Ford Financial Services Group include the First Nationwide Bank, with 29 branches in Ohio, and The Associates, also with 29 branches and 242 employees in the state.
 -0- 2/25/93
 /CONTACT: Carolyn Brown of Ford, 313-322-1300/
 (F)


CO: Ford Motor Company ST: Ohio, Michigan IN: AUT SU:

SM -- DE005 -- 0272 02/25/93 09:29 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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