Ford to invest USD1B in South Africa operations

DETROIT (AP) – Ford Motor Co said it plans to expand its manufacturing presence in South Africa, spending roughly USD1 billion and adding 1,200 jobs over the coming years.

The USD1 billion, or ZAR15.8 billion, investment is the largest the United States automaker has made in South Africa in its 97-year history in the country, Ford said.

The manufacturing investments will go toward production of the Ford Ranger pickup truck, the company said. Roughly USD686 million will be used to upgrade the company’s Silverton assembly plant, while the rest is set for upgrading manufacturing capabilities at Ford suppliers in the region.