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Ford Motor Co To End Australia Auto Production-WSJ


Thursday, 23 May 2013 07:04am EDT 

The Wall Street Journal reported that Ford Motor Co. would stop producing cars in Australia in three years. it would end more than 90 years of car production in Australia in October 2016, resulting in 1,200 job losses. It cited unsustainably high business costs, with wages singled out as a particular concern. The Company said the unit's losses over the past five years totaled 600 million australian dollars (USD581.1 million). 

Company Quote

15.61
-0.07 -0.45%
26 Nov 2014