Ford plans to end its vehicle manufacturing in Australia altogether by 2016, according to a report published by the International Business Times. The story follows reports of Australia’s third-largest automaker slashing production at its plants in Victoria by 15% due to falling sales, as well as hard-to-meet Euro 5 emissions standards.

Fords will still be sold there, but they will all be imported ‘global’ models such as the Fiesta, Focus and Mondeo. The Aussie-built Territory SUV and Falcon sedan (in production since 1960 and among the best-selling nameplates in automotive history, GT variant pictured) will be no more.

Stephen Longley, who works for PPB Advisory, the receiver of a number of failed auto companies, said the industry change was “inevitable,” although Ford hasn’t officially announced it.

“It’s going to be a slow death, or nearly a death by 1,000 cuts for some of the suppliers. There’s been no announcements. The expectation though, is that this will happen,” he told ABC local radio. “Decisions are being made on the basis that Ford Australia will definitely not be around from 2016.”

Ford Australia has been around since 1925, first assembling Model Ts in Geelong, Victoria. The company pioneered the quintessentially-Aussie coupe utility (or ‘ute’) segment and produced notable machines such as the Laser, Telstar, Falcon and this Mad Max special