Menu
 
 
 

Ford to invest US$211m in South Africa to boost output

Featured

Ford - [http://pictures.dealer.com/r/route23automallfordfd/0927/3349db334629f649b86a7492e79a11c4x.jpg] Ford - [http://pictures.dealer.com/r/route23automallfordfd/0927/3349db334629f649b86a7492e79a11c4x.jpg]

American car-maker Ford said it would invest 3 billion rand ($211 million) in its South African assembly plant to meet rising domestic and international demand for its Ford Ranger pickup truck, the company said on Friday.

“This significant investment reaffirms Ford’s ongoing commitment to South Africa as a local manufacturer, exporter and key employer in the automotive sector,” Ockert Berry, vice president operations for Ford Middle East and Africa said in a statement

 


 

Source

CNBCAFRICA

back to top

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT High-tech connection solutions by Lapp https://t.co/wsFIY9V0aU https://t.co/KK9JPncbeT
20hreplyretweetfavorite
BusinessNewsCT Competition time! Don't forget to sign up for @ConnexionZone's competion where you stand a chance to win a R45 000.… https://t.co/4lwc62Px5q
20hreplyretweetfavorite
BusinessNewsCT Load-shedding risk increases as coal stockpiles drop https://t.co/sTK9wQy98q https://t.co/Tp07CCbpes
20hreplyretweetfavorite