Ford Motor Co will invest $1.05 billion in its South African manufacturing operations including upgrades to expand the production of its Ranger pickup truck, the U.S. automaker said.
The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of Pretoria, and $365 million to upgrade tooling at major supplier factories.
The investment targets to improve Ford’s installed capacity at the South African plant from 168,000 to 200,000 vehicles, the company said.
