Ford closes their Broadmeadows and Geelong plants

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.