Ford expected to end local work

THERE is rampant auto industry speculation that Ford will cease making cars in Australia sometime after 2016.

The car components industry is starting to plan for the day when only Holden and Toyota will make cars locally.

Ford has been on life support for years, under pressure from falling tariffs, more competitive imports and an increasingly cautious consumer.

Earlier this month, it said more than 400 jobs would be axed, with local production slashed to just 33,000 cars a year.

Stephen Longley of the insolvency firm PPB Advisory has become one of the first to go public with the unthinkable.

Read more at ABC news online.



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