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 and Africa. 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. Vehicles assembled at Ikeja are destined for sale in Nigeria only.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Hecla Mining Co. (NYSE:HL), inclined 8.84% to $2.34, during its last trading session, as gold prices gained for the fifth straight session.
Mining companies were buoyed by the rising prices, caused by traders choosing safer options worried about China’s economic slowdown.
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.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
Finally, SolarCity Corporation (NASDAQ:SCTY), ended its last trade with 4.24% gain, and closed at $50.86.
SolarCity Corporation is making its popular solar service accessible to Vermont homeowners for the first time. SolarCity will make it possible for many Vermont residents to install solar with no upfront cost and pay less for solar electricity than they pay for utility power, even without local incentives. Customers can go solar for as little as $30 per month, with design, installation, financing, insurance, monitoring and a performance guarantee included.
SolarCity began taking orders from Vermont residents recently, and anticipates to start installing before the end of summer. The company’s services will initially be accessible to customers of Burlington Electric and Green Mountain Power.
SolarCity plans to open an operations center in the Burlington area soon and has already begun to hire for local positions in installation and sales. Vermont is the 19th state where SolarCity offers service and the fifth in New England, joining Connecticut, Massachusetts, New Hampshire and Rhode Island. SolarCity employs over 1,000 people in New England.
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States.
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