That would be how much Ford would be investing so as to be able to build a new South African plant. According to Edmunds, the new facility would be in charge of manufacturing a new compact pickup as well as a small engine which runs on diesel.

The company did continue to disclose that the new truck would actually be replacing the Ford Ranger in the market however the latter would still be sold in the US. The new truck would be sold in all markets except for North America.

Right now, the facility is still in construction and Ford is estimating that production would be beginning by 2011.