Ford has announced an additional investment of £190m at its Dagenham facility to produce a range of new 2.0-litre diesel engines for cars and commercial vehicles.
The development, which includes an £8.9m contribution from the Government’s Regional Growth Fund, will result in the creation of 318 new jobs related to the investment.
Today's announcement is the second part of a two-stage investment in the new engine programme. The original investment of £287m relates to the production of the engine that will find its way into Ford commercial vehicles around the globe.
The first of these engines will come off the line at the east London plant towards the end of next year. Production capacity will be up to 350,000 units per year and the first units will be powering Ford's vans in 2016.
Ford says the new engine will deliver dramatically lower Nitrogen Oxide (NOx) emissions and satisfy the air quality requirements of the proposed Ultra Low Emission Zone (ULEZ) that could come into force in London in 2020.