The North American based automaker Ford is planning to stop its vehicle manufacturing in Australia by 2016 because of falling sales in the Pacific country.
According to a report published by International Business Times, Ford Motor Co. will stop producing cars in Australia by 2016 because of low sales. Our source is also saying that Australia will slash production at its plans in Victoria by 15 percent due to the same problem, weak sales, and another factor which will contribute to the full cut of production by 2016 at the Ford facilities are the hard to meet Euro 5 emissions standards.
“It’s going to be a slow death, or nearly a death by 1,000 cuts for some of the suppliers. There’s been no announcements. The expectation though, is that this will happen. Decisions are being made on the basis that Ford Australia will definitely not be around from 2016”, said a PPB Advisory employee, Stphen Longley, at ABC local radio.
Ford has been around in Australia ever since 195 when it was assembling its Model T in Geelong, Victoria and it seems that the company won’t celebrate its 100 years of existence in the Pacific country. Besides the employees at the Ford Motor Co.’s plants, people who are working for suppliers will also lose their jobs by 2016.