Ford investing $1B to add capacity for 32,000 addition units in S Africa. Don’t really see other car manufacturers rushing to this market. Another step closer to being Volkswagen’s truck brand.
- - Ford Motor Co will invest $1.05 billion in its South African manufacturing operations, including upgrades to expand production of its Ranger pickup truck, the U.S. automaker said on Tuesday.
The investments aim to increase Ford's installed capacity in South Africa from 168,000 to 200,000 vehicles, said Andrea Cavallaro, operations director of Ford's International Market Group.
"It's the biggest investment in Ford's 97-year history in South Africa and one of the largest ever in the local automotive industry," he told an announcement event