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FORD TO INVEST $1.2 BILLION TO DEVELOP AND BUILD NEW V-6 ENGINE AT CLEVELAND ENGINE PLANT NUMBER TWO

 FORD TO INVEST $1.2 BILLION TO DEVELOP AND BUILD NEW V-6 ENGINE
 AT CLEVELAND ENGINE PLANT NUMBER TWO
 CLEVELAND, Feb. 21 /PRNewswire/ -- Ford Motor Company (NYSE: F) is investing about $1.2 billion to develop and build new high-tech, V-6 engines, about $700 million of which will be invested at its Cleveland Engine Plant Number Two at Brook Park, a Ford executive said here today.
 Robert L. Rewey, vice president, Ford North American Sales Operations -- and a member of the Cleveland Tomorrow Board of Trustees -- said the engines will be the latest additions to the company's new family of modular engines. He said the engines will have four valves per cylinder to improve efficiency and fuel economy.
 "The best part of this story for the area's economy is that we will be able to produce up to 400,000 of the V-6 engines per year," Rewey said.
 Speaking at a news conference at the International Exposition Center prior to Saturday's opening of the Cleveland Auto Show, Rewey also announced two special show programs.
 -- A 1992 Ford Econoline Chateau Club Wagon, the winner of Motor Trend magazine's "Truck of the Year" honors, will be given to an auto show attendee in a drawing to be held on the last day of the show.
 -- Ford will increase its already existing cash allowances on its "Ohio-built" vehicles for Cleveland Auto Show patrons only, starting with the opening of the show (Feb. 22) and continuing through the end (March 1). Show visitors can pick up a certificate good for an additional $500 rebate on one of these cars or trucks, then make their purchase from stock and take delivery by March 31. If a person wants to buy a "non-Ohio-built" car or truck, the rebate will be worth $250 in addition to existing incentives.
 Recapping Ford's performance in 1991, Rewey pointed out that Ford was the nation's truck sales leader for the sixth year running, outselling its nearest competitor by 186,000 units.
 "F-Series, with sales of 452,000 was America's best-selling vehicle, car or truck, for the 10th consecutive year," he noted. "That excellent truck performance made Ford Division the industry's total sales leader by more than 100,000 car and truck sales -- a position it has held for five consecutive years."
 Lincoln-Mercury Division also had an excellent year versus its competition, he said, moving to fifth place in sales for the first time in its history.
 "We finished 1991 with our market share gaining, thanks to marked improvement with our 1992 models in the fourth quarter," he explained. "That momentum has continued into the 1992 calendar year. In January, combined retail Ford and Lincoln-Mercury car sales were up 9 percent, and trucks were up 11 percent."
 Rewey said the 1993 models on display at the Cleveland Auto Show are the redesigned Ford Probe, the freshened Ford Escort and Mercury Tracer, and Ohio's "own" Mercury Villager minivan, which goes into production April 13 at the Ohio Assembly Plant.
 Escort and Tracer go on sale in May, the Probe in June and Villager in July.
 The Lincoln Mark X convertible concept car also is at the show, along with the four-wheel drive Boss Bronco concept truck. Also featured is the Explorer Drifter and the F-150 Super Flareside.
 At the news conference, Rewey discussed Ford's latest electric vehicle technology and gave the media a look at the Ford Ecostar Electric Van. The van -- which will not be on display at the auto show -- has a range of 100 miles in city driving, a zero-to-50 speed of 12 seconds, a recharge time of five-to-six hours, and a top speed of 70-75 miles per hour.
 He said Ford's confidence in the future of Northeast Ohio is borne out by the billions of dollars that have and will be invested in Ford's products and plants in the area.
 Referring to Cleveland as Ford's "second city," Rewey said the company is the metro area's largest private-sector employer, with close to 17,000 people at six plants and offices.
 He also said Ford does business with about 70 suppliers in the Cleveland-Akron-Lorain-Elyria area alone, employing 11,600 people.
 "With this large stake in the community, we have to protect our existing investment," Rewey said, "as well as our new Ohio investments that have reached nearly $3 billion in new products and facility expansions recently.
 "The most current project is the $900 million expansion of our Ohio Assembly Plant to produce the Villager and Nissan Quest vehicles."
 Ford also contributed more than $700,000 to social welfare, educational, cultural and civic organizations in the Cleveland metro area and about $200,000 in the Lorain-Elyria area in 1991, Rewey said.
 The managers of the area's six Ford plants each explained the magnitude of the impact their operations have on Northeast Ohio's economy. Those managers and their respective plants are John Akins, Lorain Assembly; Gifford Brown, Cleveland Engine Plants; Dave Porter, Ohio Assembly; Bill Smith, Walton Hills Stamping, and Al Bush, Cleveland Casting.
 The Cleveland Auto Show begins Saturday (Feb. 22) and runs through Sunday, March 1, at the International Exposition Center, 6200 Riverside, near Cleveland's Hopkins Airport.
 -0- 2/21/92
 /CONTACT: Bill Carroll or Carolyn Brown of Ford, 313-322-1300/
 (F) CO: Ford Motor Company ST: Ohio, Michigan IN: AUT SU:


JG -- DE012 -- 1370 02/21/92 11:57 EST
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Date:Feb 21, 1992
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