FordBL Premium reports that Ford Motor Company has announced a R15.8bn investment in its SA subsidiary, the largest in history in the SA motor industry.  

The investment is expected to create more than 11,000 new jobs.  Andrea Cavallaro, operations director of Ford International Markets Group (IMG), said R10.3bn of the R15.8bn would be spent on upgrading Ford Southern Africa’s Silverton vehicle assembly plant in Tshwane, into a state-of-the-art facility.  The plant, which builds the Ford Ranger bakkie and variants, mainly for export, will see annual capacity production increase from 168,000 to 200,000.  A new Ranger model is due to be launched in 2022.  The remaining R5.5bn will help prepare components suppliers for the new model, including the provision of equipment and technology.  The company, in partnership with Gauteng and Tshwane authorities, has established a huge new supplier park adjacent to Silverton.  The new investment will see the building of at least 12 new supplier factories.  Cavallaro said the investment would create 1,200 new jobs at the Silverton plant and at least 10,000 jobs at suppliers.  The construction phase will provide 8,600 more jobs.

Get other news reports at the SA Labour News home page