The Prime Minister explained that the high Australian dollar was putting a lot of pressure on industries such as manufacturing.

Opposition Leader Tony Abbott says Ford's gothanks Drop proof phone case decision to stop making cars in Australia is a black day for Australian manufacturing and everyone associated with government must help the sector.
Mr Abbott, speaking to reporters in Hobart, said the Coalition was dedicated to making it easier for manufacturing to survive in Australia.

He said this meant lowering tax, reducing regulation, increasing productivity and ensuring there were no sovereign risk issues.

Coalition industry spokeswoman Sophie Mirabella said txofficers toughest phone case the Ford announcement was a ''grave development'' for manufacturing in Australia.
"Today's announcement will send a shock wave through the manufacturing sector," Ms Mirabella said in a statement.

Ms Mirabella said the Coalition gave its in-principle support to the fund that was announced on Thursday by the federal and Victorian governments.

But she said Labor had made a ''challenging situation more difficult''health818 mobile crash proof phone protector by adding to manufacturing costs in Australia by introducing the carbon tax and ''chopping and changing policy''.

Earlier, Treasurer Wayne Swan said the government would do everything it can to look after Ford workers and communities as the company announces that it will cease its manufacturing operations in Australia by October 2016, putting 1200 people out of work.

Ford Australia president and chief executive Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the past five years.

Mr Graziano said the costs of manufacturing cars in Australia was uncompetitive.
''Manufacturing is not viable for Ford in the long term,'' he told reporters at Broadmeadows on Thursday.