Ford Australia finds buyer for its local manufacturing plants

AutoExec Summary

Ford has sold its Geelong engine plant and Broadmeadows assembly line to the Pelligra Group, which plans to invest $500 million in the sites, creating 4,000 to 5,000 jobs over the next five to ten years. Ford will maintain its research and development operations at these locations. The sale aims to enhance manufacturing and technology innovation in Victoria, following Ford’s cessation of local production in 2016, which marked the end of iconic models like the Falcon and Territory.

Brands mentioned: Ford, Toyota, Holden