After 88 years Down Under, Ford Motor Co. has decided to take its shingle down and stop manufacturing cars and trucks in Australia. Citing increasing competition from loss-cost imports and Australia’s continued lack of roads, Ford executives say that it is no longer economically feasible to locally manufacture vehicles for the Australian market. In fact, over the last five years, the company that Henry built has lost about $580 million USD in the homeland of the koala.
Ford executives say that around 1,200 workers will lose their jobs when the doors close on the two factories it operates in the nation that brought the world vegemite, Fosters Lager, Men at Work, and shrimp on the barbie. The American automaker will continue to sell cars in trucks in sandy island nation, although now they will be made in cheaper lands such as Thailand.