Ford invests R2.5bn to build new Everest at Silverton, exports to start in 2017

US car maker Ford announced on Tuesday that it would invest R2.5-billion to build the new Everest sports-utility vehicle (SUV) at its Silverton assembly plant, in Pretoria. The plant already produced the Ranger pickup for the local market, as well as 148 markets in Africa, the Middle East and Europe. It is the best-selling pickup in Europe. Ford had invested R3.4-billion since 2008 to enable large-scale Ranger assembly and exports. Part of the R2.5-billion investment announced this week would ...