Thursday, May 23, 2013 6:05 PM
Ford has announced that it will close its Geelong and Broad Meadows plants in Australia in October 2016. It has attributed the move to high exchange rates, high production costs, mounting losses and declining market. The American automaker’s foray down under began 91 years ago when it setup shop outside Melbourne to assemble the ‘Model T’ and since then has been churning out almost all versions of Ford’s cars in RHD setup.
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