Ford to invest $316mln to build electric car components in UK

Ford Motor will invest $316 million to build electric car components at its Halewood factory in northern England, it said.

The US automotive manufacturer expects power unit production to begin in mid-2024, with capacity planned to be around 250,000 units per year, it said in a release on Monday October 18.
This vehicle transmission facility, which currently builds transmissions for several Ford vehicles, will be turned into an electric power unit production plant that will supply electric motors and power electronics. The conversion will safeguard 500 jobs, Fastmarkets understands.

The investment is subject to and includes UK government through its Automotive...

Gold stocks still up after pullback late in the week

US regional bank slump goes global, driving market into gold

Gold stocks weaker but outperform slump in other sectors

West Africa-focussed Robex and PDI to merge

Gold stocks outperform equity market gains