An Australian financial publication is quoting two auto industry players who say that Ford will exit their Australian manufacturing operations, taking the Ford Falcon and Territory with them.
According to the International Business Times
“Ford will still be here selling cars but it will not be manufacturing cars in Australia,” PPB Advisory partner Stephen Longley, a receiver for collapsed automotive supplier companies, told The Australian Financial Review.
This month alone, Ford laid off 15 percent of its workforce after collecting substantial handouts from the Australian government. While the Falcon is something of an Australian institution, consumers have been moving towards small cars in increasing numbers, leaving the Falcon and the Holden Commodore to become relics of a bygone era.