Ford to spend $325 million on new transmissions

Newswire

DETROIT, Nov 20 (Reuters) - Ford Motor Co. on Thursday said it would spend $325 million to build new six-speed automatic transmissions aimed at improving fuel economy in larger vehicles. The new transmissions are designed for rear-wheel-drive cars and trucks, such as sport utility vehicles, and promise a 4 percent to 8 percent improvement in fuel economy over the current four-speed transmissions used by Ford and many other automakers, Ford executives said. Ford said it would spend about ...

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