According to Fairfax reports this week, Ford is planning to retire the FPV brand next year, rather than fund upgrades that will, at best, have only a two-year shelf life. It is believed that Ford could instead revive the XR8 badge.
FPV production last year moved in-house to Ford's Broadmeadows plant.
For its part, Ford has declined to comment on FPV's future - although a media event next month is expected to outline a number of changes to the carmaker's Australian operations and model lines.
While Ford has remained quiet on its post-Falcon plans, it may be replaced in the local line-up with the imported Taurus sedan, which is available with a 180kW four-cylinder EcoBoost engine and a trio of EcoBoost V6 units.
Depending on the model, the Taurus can be had with front- and all-wheel-drive configurations; all models available exclusively with a six-speed auto.
The most powerful model in the Taurus range is the all-wheel-drive SHO, its 3.5 litre EcoBoost V6 producing 272kW and 475Nm.
It is also possible however that Ford will forego an option in the large-car market, relying instead on the new Mondeo - a model which, in its current generation, sits below the Falcon.
The new Mondeo, due here next year, is only a little smaller than the FG Falcon - and in fact sits on a wheelbase 12mm longer than the Falcon's.
Away from the Falcon, it is understood that the new Mustang will perhaps be the FPV-replacing hero in Ford's Australian range.
The new 'Stang has still to be revealed, although it is known that both left- and right-hand-drive versions will be offered, with Australia considered a key market for the right-hook model.
TMR's Tim O'Brien will be at next month's Ford media event. Watch for his full write-up.