financetom
Business
financetom
/
Business
/
Update: Market Chatter: Ford South Africa's Planned Layoffs Due to Lower Demand, Weak Sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Market Chatter: Ford South Africa's Planned Layoffs Due to Lower Demand, Weak Sales
Oct 3, 2025 3:14 AM

05:42 AM EDT, 10/03/2025 (MT Newswires) -- (Updates with Ford's statement in the last paragraph)

Ford Motor ( F ) South Africa's planned employee layoffs are driven by lower European orders for its Ranger pickup truck and lower export volumes for its plug-in hybrid Ranger model, Reuters reported Wednesday, citing Neale Hill, president of Ford Motor Company Africa.

Ford Motor's ( F ) South African business intends to lay off over 470 employees to realign production capacity in an effort to meet market demand, trade union Solidarity said last month.

Since April in the UK, double-cab pickups with a payload of one tonne or more have been reclassified as passenger cars rather than commercial vans for tax purposes, making them more expensive to own, the report said.

"As a consequence of that, people have unfortunately reduced their volume. So that's had a big impact in terms of our European orders," Hill told Reuters,

"We haven't seen the plug-in hybrid Ranger hit the volumes that we've been looking for," Hill said, according to the report.

"Ford in Southern Africa (FMCSA) is making necessary adjustments to our manufacturing operations at both the Struandale Engine Plant and the Silverton Assembly Plant. These changes are part of our ongoing efforts to optimise production and respond to evolving market demands," the company said in an emailed statement to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2025 - www.financetom.com All Rights Reserved