Active Stocks in Queue: Ford Motor Co. (NYSE:F), Hecla Mining Co. (NYSE:HL ... - wsnewspublishers
On Wednesday, Shares of Ford Motor Co. (NYSE:F), lost -0. 14% to $14. 68. Ford Motor Company declared it will assemble its popular Ford Ranger pickup truck in Nigeria starting in the fourth quarter of 2015 as part of its expansion in Middle East... Nigeria will be the first African country outside of South Africa where Ford vehicles are produced. Ranger assembly will start in Ikeja, in the Lagos State about 750 km southwest of Nigeria’s capital city Abuja. Ford is partnering with Ford dealer group Coscharis Motors Limited on the project. Ford will assemble the vehicles at a semi-knockdown level, using body parts and components imported from South Africa for the new Ranger. The new assembly plant in Ikeja will create about 180 jobs directly and indirectly, and has the capacity to assemble up to 5,000 units annually. Ford Motor Company manufactures and distributes automobiles worldwide. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. New York’s Arca gold miners index rose 5. 6 per cent on the news, but is still down 18 per cent over the year. Source: www.wsnewspublishers.com
