Ford invests R5.2bn to build Ranger plug-in hybrid EVs in SA
The investment incorporates a new battery pack assembly plant that is being constructed in Pretoria.
Stay updated with breaking news from Chassis Plant. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The investment incorporates a new battery pack assembly plant that is being constructed in Pretoria.
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.
Construction is scheduled to begin next month on the sprawling Buick City site in Flint, marking the start of what's envisioned as a transformational redevelopment of one of Michigan's largest brownfields.
Ashley Capital is under contract to buy the sprawling industrial site and redevelop it.