Bloomberg News

Ford Plans to Invest 1.5 Billion Pounds in UK Over Five Years

June 28, 2011

June 28 (Bloomberg) -- Ford Motor Co. plans to invest 1.5 billion pounds ($2.4 billion) in U.K. operations over the next five years, Stephen Odell, the head of the carmaker’s European division, said at an industry conference in London today. More than half of the funds will come from Ford, with European Union grants and a 340 million-pound guarantee from the U.K. making up the balance, Odell said, adding that Ford plans to create several hundred jobs in Europe this year.

To contact the reporter on this story: Sabine Pirone in London at spirone@bloomberg.net

To contact the editor responsible for this story: Chris Reiter at creiter2@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus