Ford Motor Co. of Australia Ltd. is cutting the spending on Ford teams in the country’s iconic V8 Supercars motor racing series due to falling sales of its best-selling model, the Falcon. Ford President Tom Gorman says the company will be reducing financial support for teams and drivers to reflect the changing balance of the auto maker’s product portfolio. “We are committed to motor sport, but I’m not sure we will be committed at the same levels that we have been,” he tells reporters. ...

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