© Reuters. Ford logo is pictured at Ford Motor Co plant in Taubate
JOHANNESBURG (Reuters) – Ford Motor (NYSE:) Co will invest $1.05 billion in its South African manufacturing operations including upgrades to expand the production of its Ranger pickup truck, the U.S. automaker said on Tuesday.
The amount includes $683 million for technology upgrades and new facilities at its plant in Silverton, a suburb of Pretoria, and $365 million to upgrade tooling at major supplier factories.
The investments aims to increase Ford’s installed capacity at the South African plant from 168,000 to 200,000 vehicles, the company said.
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