Ford Motor Co. will plow $1.05 billion into a plant in South Africa -- its biggest-ever investment in the country -- as the carmaker scales back in other regions including Brazil and Europe.
The upgrades to the Silverton plant near the capital, Pretoria, will boost the site’s annual capacity by almost a fifth to 200,000 units and create about 1,200 direct jobs, the company said in a statement on Tuesday. The outlay will support production of a new Ranger pickup truck starting in 2022, both for domestic sales and exports.
