Ford announces R15.8 billion investment to build next Ranger in South Africa

  • 📰 IOL
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Ireland News News

The R15.8bn investment is expected to create 1200 new jobs at the Ford plant and a further 10 000 across the supply chain. IOLmotoring

PRETORIA - South Africa’s motor manufacturing industry is set for yet another boost, with Ford Motor Company of Southern Africa having announced on Tuesday that it will invest R15.8 billion to upgrade its Silverton plant in Gauteng as it prepares to build the next-generation Ranger bakkie for both local and export markets.

This comes after Toyota announced last week that it planned to build the Corolla Cross in SA from later this year. Ford says it expects the new Ranger to go into production in 2022, although no further specifics were provided. As announced last year, the newcomer will also form the basis of the second-generationThe R15.8bn investment is expected to create 1200 new jobs at the Ford plant and a further 10 000 across the supply chain. It will also lead to an increase in production capacity at the plant from the current 168 000 to over 200 000 units per annum.

The renewed investment also coincides with the creation of the Tshwane Automotive Hub at the carmaker’s factory in Silverton, Gauteng, as announced in late 2019. This ‘automotive city’ is expected to attract new component manufacturers.Ford is remaining tight-lipped about the new Ranger ahead of its launch, however, recent spy pictures and renderings based on inside information imply that the newcomer will adopt a boxier look inspired by the larger F-150.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

motoring Looking for a job plz

motoring Only if they can hire South Africans

motoring But we still pay more to buy it than most countries how is that possible...

motoring When will China be investing since we put one of them parliament and the Chinese are all singing biba sat Africa biba

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines