Ford has announced it is to plough £70 million into its engine factory in Bridgend, south Wales, to fund production of a new generation of low CO2 petrol engines.
“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,” explained Ford Europe CEO John Fleming.
The Welsh Assembly Government provided £13.4 million of the total investment, which First Minister Rhodri Morgan says will secure the site’s future “well into the medium-term.”
The news has come as welcome relief in the surrounding economic gloom.
Over the last five years, Ford has invested over £300 million in the Bridgend plant. “Yet again the plant has been successful in obtaining new investment and this is a fine tribute to the efforts of all those who work there,” said assembly member Carwyn Jones.