Hyperdrive
Ford Invests £150 Million to Boost EV Parts Output From UK Plant
- US carmaker bolsters spending at Halewood facility in England
- Plan preserves jobs in rare bright spot for UK car industry
The Halewood Ford transmission assembly plant.
Photographer: Christopher Furlong/Getty Images
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Ford Motor Co. will spend about £150 million ($181 million) on expanding production of electric-vehicle components in England, a rare win for the UK’s struggling auto sector.
The investment will increase capacity at Ford’s Halewood transmission plant by 70% to 420,000 electric vehicle power units a year, the automaker said Thursday. Each unit is comprised of an electric motor and gearbox that replaces the engine and transmission of a conventional combustion vehicle.