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 Listeriosis outbreak hits Tiger Brands for R363 million – and counting - https://t.co/8JMSSgk8Sm https://t.co/I311GaGHWc
BusinessNewsCT Molefe to cut 'deep claws' of corruption at Transnet - https://t.co/dZ2JZOhyHq https://t.co/zCZ9MUrq79
BusinessNewsCT Molefe to cut 'deep claws' of corruption at Transnet - https://t.co/dZ2JZOhyHq https://t.co/Lrh6Ljg9U5