• Fri. Dec 3rd, 2021

Ford to transform British manufacturing unit into electrical car plant

ByHanna

Oct 18, 2021

The badge of a Ford Motor Co. E-Transit electrical car throughout a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021.

Al Drago | Bloomberg | Getty Photographs

LONDON – Ford introduced Monday that it intends to spend $315 million (£230 million) reworking a manufacturing unit in northwest England right into a website that can make elements for electrical automobiles.

The car transmission facility in Halewood, Merseyside, will probably be was an electrical energy unit manufacturing plant, the U.S. motor big mentioned.

Ford harassed that the funding is topic to and contains U.Okay. authorities assist, which reportedly quantities to £30 million.

“This is a crucial step, marking Ford’s first in-house funding in all-electric car element manufacturing in Europe,” mentioned Stuart Rowley, president of Ford Europe, in an announcement.

“It strengthens additional our capacity to ship 100% of Ford passenger automobiles in Europe being all-electric and two-thirds of our business car gross sales being all-electric or plug-in hybrid by 2030,” he added.

Ford mentioned it can begin making the electrical energy items at Halewood in mid-2024, including that it plans to supply round 250,000 of them on the website every year.

Final yr, the U.Okay. authorities created a £500 million pot to attempt to persuade electrical car producers and battery makers to broaden their operations within the U.Okay. It needs gross sales of latest petrol and diesel automobiles to finish within the U.Okay. by 2030.

Elsewhere this yr, Nissan and Stellantis, the world’s fourth greatest automotive maker, have additionally introduced electrical car investments at their U.Okay. vegetation. BMW already makes the electrical Mini at a website in Oxford.

U.Okay. Enterprise Minister Kwasi Kwarteng mentioned in an announcement: “Ford’s choice to construct its first electrical car elements in Europe at its Halewood website is additional proof that the UK stays among the finest areas on the planet for high-quality automotive manufacturing.”

Ford mentioned 500 jobs on the manufacturing unit will probably be safeguarded because of the funding.

 

https://www.cnbc.com/2021/10/18/ford-to-convert-british-factory-into-electric-vehicle-plant.html

Leave a Reply