Ford will retain its design operations in Australia and has committed to increasing the size of its team of Australian designers and engineers to 1100 by 2016.
The Australian Financial Review reports that Ford president and chief executive officer Alan Mulally made the commitment at a Ford event at Sydney’s Fox Studios yesterday.
Mulally said that Ford is "committed to Australia as one of our product development centres of excellence, with talented designers and engineers creating vehicles and technologies here in Australia for the world".
The commitment follows Ford’s much-publicised decision to cease all automotive manufacturing in this country in 2016 and comes at a time when the future of the automotive manufacturing sector is very much at a crossroads.
According to The Motor Report, Ford has invested $1.9 billion in Australia. This was more than any other manufacturer has invested in Australia. It includes $200 million which was invested in product development last year.
The company also announced that it will reintroduce the Ford Mustang and 11 other models when the Falcon and Territory cease being available in 2016.