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Ford closes their Broadmeadows and Geelong plants

MML

The last Ford Falcon and Territory to be built in Australia will roll off the assembly line in Broadmeadows this morning.

After 91-years, Ford is today closing its Broadmeadows and Geelong plants.

It’s been revealed just how much taxpayers have forked out to save the car industry.

The Herald Sun reports taxpayers spent $7000 for every four cylinder Ford Falcon built in the final years of production, up to 20% of the purchase price.

Nearly $1000 from the public purse was spent on each LPG Ford, while $875 was spent on every Toyota Camry hybrid built.

Just over $1400 was spent on every locally made Holden Cruze.

When the federal government introduced the green car innovation fund in the wake of the global financial crisis, the $500 million was meant to help the industry make it to at least 2020.

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