Monthly Archive: December 2022

Ford to boost EV part investment for UK plant by $180 million

Ford Motor Co will invest an extra 149 million pounds ($180 million) to raise electric vehicle (EV) power unit capacity at its engine factory in northern England by 70%, as the U.S. carmaker accelerates its push to go electric. The Detroit-based carmaker said on Thursday the additional funds will boost electric drive unit production capacity at the Halewood plant to 420,000 units annually from 250,000 units starting in 2024. The move would bring Ford's total investment to transition the combustion engine factory to EV parts production to 380 million pounds.