Ford Falcon and Ford Territory to continue production in Australia
January 2012
Ford Australia has announced a total of $1.8 billion to be invested in new projects and facilities, including the expansion of the marque's Victorian site.
The car manufacturer is set to receive a $103 million boost from federal and state governments in a bid to ensure that the marque's vehicles continue to be manufactured in Australia.
A $34 million contribution will be made by the Gillard government in order to guarantee that the Ford Falcon is produced at Broadmeadows in Melbourne until at least the end of 2016.
"I am glad to see our strategic vision for Ford Australia is shared by the Federal Government and the Victorian State Government," Ford Motor Company chairman and CEO Bill Ford said.
"We have been very successful locally with the Ford Falcon range of vehicles, which have been a mainstay of Australian motoring for more than 45 years. More recently, with the launch of Australia's top selling sports utility vehicle, the Ford Territory, we have solidified our position as one of Australia's leading car companies."
According to federal minister for manufacturing Kim Carr, the funding will also help to improve aerodynamic and transmission technology in order to boost the fuel efficiency and reduce emissions of the Ford Falcon by more than five per cent.