"Over the past 12 months there has been an increasing shift in consumer preferences for this sector of the market, with growing customer expectations for improved safety features, new technologies, contemporary styling and the option for alternative fuels," Ford Australia Vice President for Marketing, Sales & Service, Beth Donovan said.
"In order to meet these changing customer expectations in the long term, the Falcon wagon will cease production, while the introduction of a new diesel Mondeo wagon will present a modern alternative to fulfil the needs of both private and fleet customers."
As with the Zetec and Titanium Mondeo sedan models, the Mondeo diesel wagon will draw power from Ford's TDCi Duratorq diesel engine, producing 103kW at 4000rpm and 320Nm of torque at 1750rpm.
"The Mondeo wagon has presented a compelling proposition for wagon customers since it was introduced in July last year," Ms Donovan said.
"Packed full of equipment and features, and sporting a spacious cargo area with generous payload capability, Mondeo wagon delivers an ideal package to serve the needs of both private and fleet customers."
Speaking with TMR at the MB Mondeo launch last year, Ford Australia's Justin Lacy confirmed that the diesel wagon was always on the company's radar, but limited overseas production had lead to a delay on local deliveries.
"Our priority was simply to get the wagon here as soon as possible, which due to production constraints out of Europe, meant petrol variants arrive first, in line with the rest of the MB Mondeo range, " Mr Lacy said.
Ford has yet to reveal specification and trim details for the Mondeo diesel wagon, although more details are expected to come closer to its launch in the third quarter of this year.