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 that already manufacture here.
The plan is to build an all-new SUV to suit Chinese tastes, Lincoln China said in a statement. Ford Motor Co. plans to use an existing assembly plant it jointly operates with Chongqing Changan Automobile Co. to produce the Lincoln vehicles, a Ford spokesman in Shanghai said.
Lincoln China President Amy Marentic told Reuters in October that the brand was studying whether to produce cars locally in China.
Lincoln was accelerating its entry into China with plans to have 65 Lincoln stores by the end of 2016, instead of previous plans of 60, with 80 planned for year end 2017, she said.
Marentic said the company would also open five to 10 smaller sales branches to tap into fast-growing auto sales in lower-tier Chinese cities.
The plan is to build an all-new SUV to suit Chinese tastes, Lincoln China said in a statement. Ford Motor Co. plans to use an existing assembly plant it jointly operates with Chongqing Changan Automobile Co. to produce the Lincoln vehicles, a Ford spokesman in Shanghai said.
Lincoln China President Amy Marentic told Reuters in October that the brand was studying whether to produce cars locally in China.
Lincoln was accelerating its entry into China with plans to have 65 Lincoln stores by the end of 2016, instead of previous plans of 60, with 80 planned for year end 2017, she said.
Marentic said the company would also open five to 10 smaller sales branches to tap into fast-growing auto sales in lower-tier Chinese cities.
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