Ford to Invest 1 Billion Pounds to Develop Technology

Ford Motor Co. will invest 1 billion pounds ($1.84 billion) over the next six years on U.K. research and development to improve the fuel efficiency of its vehicles and offer customers a greater choice of engines.

“We are talking about a suite of technologies,” Lewis Booth, Ford’s European executive vice president, said in an interview today in London. “The real test for us is to continually lower the CO2 emissions from our vehicles.”