Ford Australia reportedly is planning to close its engine plant in five years after the U.S. parent decides against paying for a product upgrade to meet the government's upcoming light-vehicle-emissions standards. The decision will end production of the auto maker’s aging V-6 engine at the factory in Geelong, Victoria. The Australian newspaper quotes unnamed industry sources as saying Ford Australia failed to secure the A$100 million ($104.6 million) needed from its U.S. parent to ...

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