In an exclusive story, Australia’s Herald Sun newspaper has announced that Australian rear wheel drive Ford enthusiasts will be getting something to help them get over the hurt of Ford’s recent announcement that it will be discontinuing local production of the Falcon along with the rest of Ford production facilities down under.
Tag: ford australia
Ford has long been at the forefront of the currency debate, claiming currency manipulation when the yen went to levels that nearly killed the Japanese auto industry, and shouting “currency manipulation” now that the yen is back to normal levels. Now, Ford itself experiences the devastating effects of changing exchange rates: Ford is shutting down all its manufacturing operations in Australia. The reason: A strong Australian dollar. Says Reuters: (Read More…)