Fans of the rear-wheel drive Ford Falcon can breath easy, at least until 2016. According to Australia's, Ford has announced that automaker will invest $103 million to sustain both the Falcon and Territory SUV through the next five years. The news came courtesy of Ford Australia president Bo Graziano and Ford Asia Pacific president Joe Hinrichs at the 2012 Detroit Auto Show. Ford is expected to unveil refreshed versions of both the Falcon and the Territory in 2014. The automaker is expected to use the investment to improve the vehicles' efficiency and safety. The cash injection should add around 300 jobs, as well.

Ford Australia will likely focus on aerodynamics, tire adjustments and transmission improvements to eke out better fuel economy and reduced CO2 emissions. A new six-speed automatic gearbox is expected to debut with the new models.

And what happens after 2016? Ford isn't saying, though the company has made it clear Australia will receive a new large car based on a global platform. That vehicle will likely offer buyers both front and all-wheel drive configurations, thereby putting an end to the long-standing rear-wheel drive Falcon lineage.

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