Ford to close Australia auto plants

Wednesday, May 22nd, 2013 | Finance News

SYDNEY (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016.

Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong and its assembly plant in Broadmeadows, both in the state of Victoria.

The car manufacturer has struggled with sliding sales, high costs and a strong Australian dollar.

(Reporting By Jane Wardell; Editing by Michael Perry)

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