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The 4.5L PS will initially be available in the 2002 Expedition with the F150 and Econoline models following in 2003. The specs. I've seen are 235HP @ 400lb.ft. torque.
One thing to note though, one of our contract designers just came from Ford and says the engine vibrates pretty bad and has broken some frames on the test Expy. V6 engines are not the most perfectly balanced engines to begin with.