LONDON—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.
The carmaker said on Monday that the Halewood plant would begin producing the power units, which replace the engine and transmission used in internal combustion engines, by mid-2024. Capacity is planned to be around 250,000 units a year.
