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South African Motor Corp Ltd

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November 29, 1994 | From Times Staff and Wire Reports
Ford Returning to South Africa: Six years after divesting because of apartheid, Ford Motor Co. announced that it would buy back some of the operation it left behind and formally re-enter South Africa. The size of the investment was not disclosed, but Ford promised to inject cash, new equipment and products into South African Motor Corp. Ltd., known as Samcor, which assembles Ford, Mazda and Mitsubishi vehicles. The agreement signed by officials from Ford and Anglo American Industrial Corp. Ltd.
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BUSINESS
November 29, 1994 | From Times Staff and Wire Reports
Ford Returning to South Africa: Six years after divesting because of apartheid, Ford Motor Co. announced that it would buy back some of the operation it left behind and formally re-enter South Africa. The size of the investment was not disclosed, but Ford promised to inject cash, new equipment and products into South African Motor Corp. Ltd., known as Samcor, which assembles Ford, Mazda and Mitsubishi vehicles. The agreement signed by officials from Ford and Anglo American Industrial Corp. Ltd.
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