Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Ford to convert Halewood car plant to electric with 500 jobs saved

by
October 18, 2021
in Investing
0
Ford to convert Halewood car plant to electric with 500 jobs saved
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Five hundred automotive jobs will be saved on Merseyside after Ford, the American motor group, chose Halewood to be a key part of its drive to be a wholly electric carmaker in Europe by 2030.

Ford will spend £230 million converting Halewood, which makes gearboxes, to start producing what will be 250,000 electric power units a year from 2024.

Its decision came after the government made an estimated £30 million available via its Automotive Transformation Fund. Similar levels of taxpayer support are believed to have been given this year to the conversion of the Vauxhall Astra factory across the Mersey at Ellesmere Port to an electric van assembly facility.

The gearbox in an internal combustion engine built at Ford’s Halewood plant becomes redundant in a battery electric car. Instead, Halewood will make electric power units — also known as e-drives in the industry — which distribute power from the battery to the wheels. When it transitions to e-drive production in 2024, Halewood will become Ford’s first in-house electric vehicle component facility in Europe.

It used to be a Ford carmaking plant, but went the same way as Ford’s car and van manufacturing plants in Britain as production and assembly were moved to Germany and Turkey. After the recent closure of an engine plant in south Wales, Ford in the UK now retains only Halewood, a van engine plant at Dagenham in Essex and a technology and electric vehicle research centre near Basildon, Essex.

Kwasi Kwarteng, the business secretary who signed off on supporting Ford’s plans, said: “Ford’s decision is further proof that the UK remains one of the best locations in the world for high-quality automotive manufacturing.

“In this global race to secure electric vehicle manufacturing, our priority is to ensure the UK reaps the benefits.”

Read more:
Ford to convert Halewood car plant to electric with 500 jobs saved

Previous Post

Small firms’ fury as Amazon offers £3,000 sign-up bonus to attract Christmas staff

Next Post

Investors pour money into British start-ups

Next Post
Investors pour money into British start-ups

Investors pour money into British start-ups

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
Friday Feature: MCP Academy

Friday Feature: MCP Academy

0

0

0

0
Friday Feature: MCP Academy

Friday Feature: MCP Academy

May 9, 2025

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

Recent News

Friday Feature: MCP Academy

Friday Feature: MCP Academy

May 9, 2025

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.