Ford invests $167 million in South Africa to build Everest SUV

Ford Everest

Ford Motor Co. will invest 2.5 billion rand ($167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs.

The company’s plant in Pretoria, the capital, will have capacity to build 10,000 Everests a year and will be the fourth production hub for the SUV after factories in Thailand, India and China, Dearlove, Michigan-based Ford said in a statement on Tuesday. The automaker plans to start producing the Everest in South Africa in the third quarter, and the vehicles will be sold across sub-Saharan Africa.

Read more: Ford Invests $167 Million in S. Africa for Everest SUV – Bloomberg