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.