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Ford resumes car-making in South Africa.

Ford is joining scores of other companies returning to South Africa now that apartheid has been vanquished. Ford agrees to acquire 45% equity in South African Motor Corp. Ltd. (Samcor) for an estimated $45 million. Ford owned 42% of Samcor through 1988, before it divested all of its South African holdings. The company currently assembles Ford, Mazda and Mitsubishi vehicles. Ford Motor Credit Co. also

Jan 01, 1995

Ford is joining scores of other companies returning to South Africa now that apartheid has been vanquished. Ford agrees to acquire 45% equity in South African Motor Corp. Ltd. (Samcor) for an estimated $45 million. Ford owned 42% of Samcor through 1988, before it divested all of its South African holdings. The company currently assembles Ford, Mazda and Mitsubishi vehicles. Ford Motor Credit Co. also is re-entering South Africa and is progressing toward a joint-venture agreement with local companies, led by

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