investing up to $316 million to build electric car components at its Halewood
factory in northern England. The plant will produce around 250,000 power units
a year from mid-2024, the first European in-house location to make electric
vehicle parts for Ford, which has pledged that its car line-up for the
continent will be all-electric by 2030. The government is contributing to the
investment through its Automotive Transformation Fund as brands intensify their
electrification plans ahead of combustion engine bans, and countries vie with
each other to secure jobs. The British government has tended to provide around
10% of the total investment value for automotive firms.
also has a transmission facility in Cologne, Germany. Halewood, which employs
around 500 people, was chosen due to "its excellent record on quality,
competitiveness and the strong skills base and commitment of the
employees", Ford said.
Britain's 2016 Brexit vote, many in the automotive industry
were concerned about trade barriers but the December 2020 exit deal between
London and Brussels secured zero-tariff access for the sector, subject to a
minimum level of parts sourced from the region.
The Times of India
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