Ford Australia gets government bailout

The Australian government is taking a much softer line than our own administration it seems as Australian prime minister John Howard has just announced that his adminstration will be providing Ford Australia with a boost of $40.4 million (AU$52.5 million) to ensure that the automaker's AU operations stay afloat. The design and production of the next Ford Falcon and Territory, to be built in Australia, take up much of the pot, accounting for $30.8 million of the investment. The remaining funds will go toward building a new light international vehicle platform, which will necessitate the construction and staffing of a new research and development center.

(A current Ford  XR6 is pictured)


(Thanks to Ben for the tip)

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