Ford to invest £230m in converting Merseyside factory into EV component plant
Move set to save 500 jobs in England’s North-West and propel automaker closer to its electrification goals, according to update
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Move set to save 500 jobs in England’s North-West and propel automaker closer to its electrification goals, according to update
Get latest articles and stories on World at LatestLY. Ford Motor Co. plans to spend up to 230 million pounds ($315 million) to turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe. World News | Ford to Make Electric Power Units in Northwest England.
Ford is to make electric car parts at its Halewood plant on Merseyside as part of a £230 million investment in the factory.
Ford Motor Co.
INVESTMENT <strong>Goldman pursues China plan</strong> Goldman Sachs Group Inc won approval to take 100 percent ownership of its securities joint venture in China, a key step to expand in the country, even as growing political tension and a Beijing-led crackdown on the private sector has ratcheted up risks. The move gives the firm free rein to pursue a clearer growth strategy that includes doubling its workforce in China to 600 and ramping up in asset and wealth management. The US bank has already added 116 staff onshore this year, boosting the total to more than 400, a spokesman s...