The South African unit of
U.S. auto giant Ford said on Wednesday it would invest 5.2
billion rand to produce a hybrid vehicle in the
country, as it urged the government to move fast on an.
by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) - FORD Motor Company is to invest R5,2 billion (US$272 million) in its local operations for the production of the first-ever Ranger Plug-in Hybrid Electric Vehicle (PHEV) in South Africa. This investment at the Silverton assembly plant in Pretoria is part of celebrations of 100-year legacy in the country.
Ford has ended speculation about where its first plug-in hybrid electric vehicle (PHEV) Ranger will be built with the announcement of a R5.2bn investment in its Silverton plant as it lays the groundwork for the rollout expected in late 2024.
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