Ford announces $1billion investment in SA

Economic news

Ford has announced that it will invest $1 billion in its South African manufacturing operations. This is the largest investment that the carmaker has made since its establishment in South Africa; and one of the largest investments in the country’s automotive industry. The American carmaker is upgrading its site near Pretoria, adding capacity, and is also planning to cut back on plants and jobs in other countries.

Source : CNBC Africa

Know more

See also

News
Menu