Ford to invest $1 billion towards upgrading South African manufacturing operations

In a statement on Tuesday, Ford Motor Co stated, it will invest $1.05 billion in its South African manufacturing operations, which includes upgrades, to expand the production of its Ranger pickup truck.

The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, and $365 million to upgrade tooling at major supplier factories.

The investment is strategic since it aims to increase Ford’s installed capacity at its South African plant from 168,000 to 200,000 vehicles, said Ford.



Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: