Ford factory to stay to the end
Travel
- September 11, two thousand fifteen Four:31pm
Workers at Ford’s Broadmeadows factory in Victoria, leave at the end of their working day after the company advised that as many as two hundred forty jobs will be lost from both the Broadmeadows and the Geelong plants, due to declining requests for large cars.
- Joshua Dowling
- News Corp Australia Network
FORD has confirmed its Broadmeadows car factory and Geelong engine plant will go the distance, and shut down as planned on seven October 2016.
The announcement gives certainty to the eight hundred fifty workers at both sites and puts an end to speculation of an early closure.
The company today informed the workers and the unions that it is planning a total year of production given the higher than expected request for the locally made Falcon sedan and Territory SUV.
is Australia`s oldest car maker. It began making vehicles here in one thousand nine hundred twenty five and began assembly of the Falcon at Broadmeadows on the northern outskirts of Melbourne in 1960.
The company says the last ever Australian-made Ford will roll off the production line on October seven but the exact model and what will happen to it are yet to be determined.
When asked if the last Ford would be the flagship XR8 Falcon sports sedan and if it would be donated to a museum, Ford spokesman Wes Sherwood said: «No decision has been made.»
Ford will become solely an importer of vehicles once the factories close.
Ford says while most of the five hundred workers at Broadmeadows and three hundred fifty workers at Geelong will have their last day on October 7, there will be «a few dozen» staying on to treat the logistics of getting cars to dealerships.
Still popular . sales of the Ford Territory are down, but it’s better than what Ford was expecting. Source: Supplied
The factory is due to be passed over to a «decommissioning» team by the end of October.
Ford has been the subject of rumours of an early factory closure ever since it announced the shutdown two years ago.
But Ford executives have maintained all along that they would go the distance; Ford insiders have told News Corp Australia it had budgeted for the extra cost to keep the factory running.
Ford and Australia`s other two car makers Holden and Toyota have made substantial losses keeping their factories alive until their shutdown dates.
Ford ended last year in the crimson after posting a $191 million loss as its sales fell to a historic 48-year low.
It brought Ford Australia`s total losses to a staggering $1.Three billion over the past ten years, during which time it has received more than $1.1 billion in government funding.
Looking back . an earlier Ford factory in 1940, before Broadmeadows was built. Source: Supplied
Ford has only posted a profit in three of the past ten years; the two thousand fourteen loss alone evaporated the profit the car maker has reported over an entire decade: $186 million.
Meantime Holden announced its 2nd thickest financial loss ever — $255.Two million – as its sales hit a 21-year low in 2014.
Holden has been in the crimson for eight of the past ten years, posting only modest profits in two thousand ten ($112.Four million) and two thousand eleven ($89.7 million).
The result wasn`t as bad as Holden`s previous year`s loss of $553.8 million, and was driven largely by redundancies and other costs linked to the two thousand seventeen closure of its car assembly line in Elizabeth in South Australia and the two thousand sixteen closure of its engine factory in Port Melbourne.
Toyota is expected to close the Altona factory that makes the Camry and Aurion sedans in late 2017, just after Holden.
Ford factory to stay to the end
Travel
- September 11, two thousand fifteen Four:31pm
Workers at Ford’s Broadmeadows factory in Victoria, leave at the end of their working day after the company advised that as many as two hundred forty jobs will be lost from both the Broadmeadows and the Geelong plants, due to declining requests for large cars.
- Joshua Dowling
- News Corp Australia Network
FORD has confirmed its Broadmeadows car factory and Geelong engine plant will go the distance, and shut down as planned on seven October 2016.
The announcement gives certainty to the eight hundred fifty workers at both sites and puts an end to speculation of an early closure.
The company today informed the workers and the unions that it is planning a utter year of production given the higher than expected request for the locally made Falcon sedan and Territory SUV.
is Australia`s oldest car maker. It began making vehicles here in one thousand nine hundred twenty five and commenced assembly of the Falcon at Broadmeadows on the northern outskirts of Melbourne in 1960.
The company says the last ever Australian-made Ford will roll off the production line on October seven but the exact model and what will happen to it are yet to be determined.
When asked if the last Ford would be the flagship XR8 Falcon sports sedan and if it would be donated to a museum, Ford spokesman Wes Sherwood said: «No decision has been made.»
Ford will become solely an importer of vehicles once the factories close.
Ford says while most of the five hundred workers at Broadmeadows and three hundred fifty workers at Geelong will have their last day on October 7, there will be «a few dozen» staying on to treat the logistics of getting cars to dealerships.
Still popular . sales of the Ford Territory are down, but it’s better than what Ford was expecting. Source: Supplied
The factory is due to be transferred over to a «decommissioning» team by the end of October.
Ford has been the subject of rumours of an early factory closure ever since it announced the shutdown two years ago.
But Ford executives have maintained all along that they would go the distance; Ford insiders have told News Corp Australia it had budgeted for the extra cost to keep the factory running.
Ford and Australia`s other two car makers Holden and Toyota have made substantial losses keeping their factories alive until their shutdown dates.
Ford ended last year in the crimson after posting a $191 million loss as its sales fell to a historic 48-year low.
It brought Ford Australia`s total losses to a staggering $1.Three billion over the past ten years, during which time it has received more than $1.1 billion in government funding.
Looking back . an earlier Ford factory in 1940, before Broadmeadows was built. Source: Supplied
Ford has only posted a profit in three of the past ten years; the two thousand fourteen loss alone evaporated the profit the car maker has reported over an entire decade: $186 million.
Meantime Holden announced its 2nd largest financial loss ever — $255.Two million – as its sales hit a 21-year low in 2014.
Holden has been in the crimson for eight of the past ten years, posting only modest profits in two thousand ten ($112.Four million) and two thousand eleven ($89.7 million).
The result wasn`t as bad as Holden`s previous year`s loss of $553.8 million, and was driven largely by redundancies and other costs linked to the two thousand seventeen closure of its car assembly line in Elizabeth in South Australia and the two thousand sixteen closure of its engine factory in Port Melbourne.
Toyota is expected to close the Altona factory that makes the Camry and Aurion sedans in late 2017, just after Holden.