DETROIT (AP) — Ford Motor Co. said it plans to expand its manufacturing presence in South Africa, spending roughly $1 billion and adding 1,200 jobs over the coming years.
The $1 billion investment is the largest the U.S. automaker has made in South Africa in its 97-year history in the country, Ford said.
The manufacturing investments will go toward production of the Ford Ranger pickup truck, the company said. Roughly $686 million will be used to upgrade the company's Silverton assembly plant, while the rest is set for upgrading manufacturing capabilities at Ford suppliers in the region.