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Ford Mustang outsells all other Sport Coupés worldwide

Ford Mustang outsells all other Sport Coupés worldwide

The rear end of the powerful Ford Mustang GT is about the only part of this stunning car that other drivers will ever see, unless it is parked, which obviously is not the reason why it was created fifty years ago. This is a sports car made for exhilarating driving.

The Ford mother company in the USA announced this week the new 2018 Mustang has just entered the worldwide market in 146 countries. During 2017, Ford sold almost 126,000 Mustangs s in these countries, including a few in Namibia. This puts the Mustang at the top of the popularity lists for so-called sport coupés, defined as a two-door, two-seater hard top or convertible.

As part of its overall appeal as a performance, yet classy transport, Ford said sales to female driver have grown by about 10% over a five-year period. The Mustang is designed, build and assembled in Ford’s headquarters in Dearborn, Michigan in the United States. Roughly one third of all Mustangs are exported from the USA for the international market.

2017 was the third year in a row where the Mustang topped the sales charts, according to IHS Markit registration data for 146 markets where it is distributed through the existing Ford marketing channels.

“Demand for the Mustang continues to be very strong, especially overseas, where until recently people couldn’t get their hands on one,” said Erich Merkle, Ford sales analyst. “Even more encouraging is that the updated 2018 Mustang is just now getting rolled out to export markets.”

Demand is particularly strong in China where Mustang was the best-selling sport coupé last year with 7125 new registrations.

The most popular configuration worldwide is the Mustang GT with the trusted Ford 5.0-litre V8 engine.

From 2015 to the end of last year, 418,000 Mustangs were sold around the world.


 

 

About The Author

SADC Correspondent

SADC correspondents are independent contributors whose work covers regional issues of southern Africa outside the immediate Namibian ambit. Ed.

Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.