Hit List News Buzzer- Skechers USA Inc. (NYSE:SKX), Ford Motor Co. (NYSE:F ... - StreetWise Report
(SKX) stated on Tuesday that the firm is transitioning its business in Latin America from a third-party distributor to a wholly-owned subsidiary, SKECHERS Latin America LLC. SKECHERS plans to grow its operations and footprint by transitioning 21 SKECHERS stores in the region to subsidiary-owned and -operated locations. The yearly sales growth for the past five year was 10. 60%. How Skechers USA Inc. Stocks of Ford Motor Co. (NYSE:F) declined -1. 93% to traded at $14. 70 in last session with shares volume of 26. 87 Million. Ford Motor Co. (F) reported that it will assemble its popular Ford Ranger pickup truck in Nigeria starting in the FIRST QUARTER of 2015 as division of its expansion in Middle East and Africa. Nigeria will be the first African country outside of South Africa where Ford vehicles are produced. Ford is partnering with Ford accorder group Coscharis Motors Limited on the project. Ford stated it will assemble the vehicles at a semi-knockdown level, using board of directors y 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 yearlyly. Vehicles assembled at Ikeja are destined for sale in Nigeria. Source: www.streetwisereport.com
