Ford's Australian plants to stop production in three years
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Ford's Australian plants to stop production in three years

Ford's Australian plants to stop production in three years

US carmaker Ford has announced it would stop making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the legendary Model T, AFP has reported. Ford Australia posted losses of A$141m ($136m) after tax in the last financial year and A$600m over the last five years. "Given the fragmented marketplace and the low model volumes that result, we decided that manufacturing locally is no longer viable," said Ford Australia chief executive, Bob Graziano.

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