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I don't think either company knows for sure what they are doing yet. In both cases a similar car might still exist, just that it will not be built in Australia.
The Falcon as it is, is just an orphan in the worldwide Ford lineup. It doesn't have anything that transfers over to any other major market. What I have heard is Ford possibly making a rear wheel drive sedan based off of the Mustang platform(probably under the Lincoln nameplate here) around 2015 or so and possibly this could be the next Falcon, just that it will not be made in Australia.
Same with the Commodore. There might still be a RWD sedan around, just not made in Australia.
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