Ford Credit Gone!
Up to 160 jobs will be lost after a Ford Credit Australia announced it is winding down part of its Australian operation.
The decision, which comes as the Australian car industry faces its worst sales performance in 30 years, means private car buyers will no longer be able to seek finance from the company, Fairfax reported on Thursday.
Volvo, Land Rover, Jaguar and Mazda dealerships which use the retail finance will also be affected, while regional dealerships depend on the Ford Credit for retail finance.
Only 40 staff from Ford Credit’s wholesale finance department will keep their jobs, The Age newspaper said. Spokeswoman for Ford Motor Credit in Detroit Libbey Meredith said the decision was “difficult but necessary”.
One of Melbourne’s largest Ford dealerships owners said it would sell Mitsubishis and Toyotas by the end of 2009.
“I reckon about a third of Ford dealerships around the country are thinking the same thing,” the owner told The Age.
“The company is falling into disarray, and customers just don’t want the Ford product.”
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By układanie kostki brukowej, July 11, 2010 @ 10:57 am
Thanks for good article. Hope to see more soon.