Volkswagen To Invest $340 Million Into South Africa Production
A weakened South African rand has prompted Volkswagen to act, setting aside some $340 million to invest in the country.
A weakened South African rand has prompted Volkswagen to act, setting aside some $340 million to invest in the country.
The automaker currently offers 8 models in the country.
A regional sales office in Casablanca and a purchasing office in Tangier.
After nearly two decades, the automaker is resuming its operations in the country.
The business unit reported a loss of $15 million for the third quarter of 2014, a $10 million improvement from Q313.
The Ranger-based Everest has been redesigned. But it’s still not coming to America.
The rollout is part of Ford’s new plan to dominate the regions.
The total market is expected to grow 40 percent by the end of 2020.
That will take place in the next 24 months.
Called Ford Middle East and Africa, the new geographic unit will go into effect January 1, 2014.
It’s the first time that the Fusion nameplate will be available in the country.