Internally known as project 201X, Ford Australia revealed its last Falcon in August 2014 and explained that its series code, "FG X", was chosen following significant feedback from key enthusiasts.

The new code, like the preceding FG, pays homage to the Fairmont Ghia nameplates of past generations whereas the X alludes to Falcon's most popular series, from the XK to the XH.

The sedan is sold in eight variants comprising: The latter nameplate returned after being absent from the Falcon range since June 2010.

In this final iteration, the XR8 is based on a FPV drivetrain, which includes the locally developed "Miami" variant of the Coyote supercharged 5.0-litre V8 engine producing 335 kW (449 hp) and 570 N⋅m (420 lb⋅ft) of torque.

This Falcon range is the first Australian-made vehicle to feature Wi-Fi connectivity and DAB+ radio courtesy of its upgraded in-car entertainment and command system, now marketed as "SYNC2".