LONDON (AP) — Ford Motor Co. plans to spend as much as 230 million kilos ($315 million) to show a transmission manufacturing unit in northwest England right into a plant that may make electrical energy models for vehicles and vans offered all through Europe.
The carmaker mentioned Monday that the Halewood plant would start producing the ability models, which exchange the engine and transmission utilized in inside combustion engines, by mid-2024. Capability is deliberate to be round 250,000 models a yr.
Ford mentioned the funding contains assist from the British authorities, although it didn’t specify the quantity. Ford is without doubt one of the U.Ok.’s largest exporters, delivery engines and transmissions from its crops to greater than 15 nations on six continents.
“This is a vital step, marking Ford’s first in-house funding in all-electric car part manufacturing in Europe,’’ mentioned Stuart Rowley, president of Ford of Europe.
Ford plans to promote nothing however all-electric passenger automobiles in Europe by 2030, with two-thirds of economic car gross sales anticipated to be all-electric or plug-in hybrid by that date.
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