Why Ford Australia is shutting up shop

Why Ford Australia won't manufacture cars anymore.

THE END OF FORD AUSTRALIA

* Ford closes its Geelong and Broadmeadows factories for good on Friday, ending 91 years of Australian built cars.

WHO'S NEXT?

* Holden and Toyota will follow, shutting down their Australian manufacturing operations in 2017.

WHY?

* They have blamed a number of reasons, but the need to stay profitable ultimately led to tough decisions being made, according to Ford spokesman Wesley Sherwood.

* A strong Australian dollar leading to cheaper imported cars and high production costs

* Low import tariffs * High wages

* The appetite for Australian made cars has also waned - of 1,144,408 new cars bought in 2015 only 97,443 were built locally. * More cars are available in Australia than ever before with 60 brands and more than 500 models.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world