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Ford Motor Company announced last week that
it will invest nearly $200 million and add 450 new reshored jobs at its
Cleveland Engine Plant which produces the 2.0-liter EcoBoost. U.S. Senator
Sherrod Brown praised the nearly $200 million investment, which will officially
move production of the 2.0-liter EcoBoost engine for North American vehicles
from Valencia, Spain to Cleveland, Ohio.
“The
demand for the EcoBoost is a testament to the strength of Northeast Ohio
manufacturing and our auto supply chain,” said Sen. Brown. “Ford’s expansion not
only boosts jobs and the economy in our state, but proves that you should always
bet on the American worker.”
Sen. Brown has long been a champion of
American manufacturing and Ohio’s auto industry. In 2008 he introduced the
Auto Industry Emergency Bridge Loan Act, with a bipartisan group of
colleagues and also fought to ensure that funds from the Troubled Asset Relief
Program (TARP) were allocated to aid the Big 3 and American auto suppliers. At
the start of 2009, Sen. Brown applauded President Obama’s decision to advance
restructuring plans to ensure the viability of the American auto
industry.
He
also was a strong supporter of the Cash for Clunkers program, in which the
federal government provided Ohio consumers with vouchers to purchase new
fuel-efficient vehicles. The program was a resounding success, helping American
consumers purchase nearly 700,000 new vehicles—adding nearly one percent to the
third-quarter GDP growth at the time. The program stabilized the auto sector and
saved or created thousands of jobs across Ohio and the nation.
According
to a 2010 study by the Center for Automotive Research, more than 848,000 Ohio
jobs depend on the auto industry; this figure includes 120,285 direct employment
(people employed directly by auto industry: 39,685 by automakers and 80,600 by
parts suppliers); 276,330 indirect employment (jobs indirectly employed by
automakers or parts suppliers: 167,891 by automakers and 108,439 by parts
suppliers); and 395,981 spin-off employment (expenditure-induced employment
resulting from spending by direct and intermediate employees; 221,018 by
automakers and 174,963 by suppliers). A 2011 study by the Center for Automotive
Research found that 164,654 jobs in 2009 would have been lost in Ohio if the
auto industry had not been rescued.
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