In May 2000 Ford announced that passenger car assembly as its Ford Dagenham plant would cease in 2002, ending 90 years of Ford passenger car assembly in the UK. At the same time Ford announced that it would invest US$500 million in the expansion of a diesel engine factory at the site, making Dagenham its largest diesel engine center worldwide and creating about 500 new jobs to offset the 1,900 lost in vehicle assembly for a total loss of 1,400. In December 2004 Ford announced a further investment of £169 million in the Dagenham plant, increasing annual output to one million diesel engines.