Ford's Lincoln plans to produce luxury SUV in China by late 2019
Ford Motor Co’s (F.N) luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world’s largest auto market and aims to catch up with German and U.S. rivals who already manufacture in the Asian nation.
The plan is to build an all-new sports utility vehicle (SUV) to suit Chinese tastes, Lincoln China said in a statement. Ford plans to use an existing assembly plant it jointly operates with Chongqing Changan Automobile Co Ltd (000625.SZ) to produce the Lincoln vehicles, a Ford spokesman in Shanghai said.
Lincoln vehicles are currently imported into China, and their sales have jumped nearly 180 percent in 2016, the statement said.