Ford Australia has announced an important update to the current Falcon wagon, with the introduction of a new model name, new features and additional safety equipment.

The new BF Falcon Wagon MkIII will go on sale in May, at the same time as the all-new FG Falcon sedan and Ute line-up is introduced, with Dynamic Stability Control as standard equipment on the petrol model.

"The current Falcon wagon remains an ideal tool of trade vehicle for a broad spectrum of fleet and private buyers alike, who appreciate its large load area and excellent payload capacity," Ford Australia Vice President Marketing and Sales, Mark Winslow said.

"The introduction of Dynamic Stability Control, in particular, will see the Falcon wagon continue to fill an important niche in the business sector, coupled with competitive running costs, sharp pricing and the ability to carry large loads.

The new BF Falcon Wagon MkIII will be available in XT specification level with the choice of two powertrains, the standard 4.0-litre in-line six-cylinder petrol engine or the optional
E-Gas dedicated LPG engine. Both powerplants are matched to the proven four-speed automatic transmission with Sequential Sports Shift (SSS).

New features on the BF Falcon Wagon MkIII include Dynamic Stability Control as standard equipment on the petrol model, new Warm Charcoal carpet in lieu of Medium Stone and an all-new key fob with integrated flip ignition key.

Other upgrades include 'Satin Alloy' accents on the front grille surround, new Goodyear Eagle Excellence tyres, which are shared with the all-new FG Falcon range and deliver a smoother and quieter ride, and a new 'MkIII' badge.

A new alloy wheel will be available as an option on the BF Falcon XT Wagon MkIII.