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  1. Business - Companies - CARS

    Ford to close plants as Australian dollar hits sales

    Posted May 23rd 2013, 01:19pm by Bloomberg

    ... above water," said Katrina Ell, an economist at Moody's Analytics in Sydney. "High labour costs mean we can't compete long-term against lower cost countries, especially ...

    http://www.scmp.com/business/companies/article/1244085/high-costs-currency-push-ford-out-australia-car-manufacturing

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