DETROIT: Ford Motor Co. mentioned it plans to develop its manufacturing presence in South Africa, spending roughly $1 billion and including 1,200 jobs over the approaching years.
The $1 billion, or 15.eight billion rand, funding is the biggest the U.S. automaker has made in South Africa in its 97-year historical past within the nation, Ford mentioned.
The manufacturing investments will go towards manufacturing of the Ford Ranger pickup truck, the corporate mentioned. Roughly $686 million will probably be used to improve the corporate’s Silverton meeting plant, whereas the remainder is ready for upgrading manufacturing capabilities at Ford suppliers within the area.
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