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Wed May 15, 2019, 09:58 AM

Ford to build more Lincolns for Chinese market locally: CFO

Source: Reuters

BUSINESS NEWS MAY 15, 2019 / 10:24 AM / UPDATED 33 MINUTES AGO

Ford to build more Lincolns for Chinese market locally: CFO

Nick Carey
2 MIN READ

(Reuters) - Ford Motor Co plans to start production of new luxury Lincoln models in China for that market as they are launched, starting with the new Corsair later this year, to benefit from lower costs and avoid the risk of tariffs, a top executive said on Monday.

Its a huge, huge opportunity for Lincoln because we see China as Ground Zero for Lincoln given the size of the market and how well the brand has been received, Chief Financial Officer Bob Shanks said at a Goldman Sachs conference in New York.

Ford has lower levels of localized production than rivals General Motors Co or Volkswagen AG, who make more vehicles in China for Chinese consumers, benefiting from lower labor and material costs, and avoiding tariffs in the burgeoning trade war between the United States and China.

Shanks said all new Lincoln models, with the exception of the Navigator assembled in Louisville, Kentucky, will also be produced in China.

-snip-


Read more: https://www.reuters.com/article/us-ford-motor-china-lincoln/ford-to-build-more-lincolns-for-chinese-market-locally-cfo-idUSKCN1SL1UT

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Reply Ford to build more Lincolns for Chinese market locally: CFO (Original post)
Eugene May 2019 OP
mr_lebowski May 2019 #1

Response to Eugene (Original post)

Wed May 15, 2019, 10:20 AM

1. Are we winning yet? (nt)

This is the DU member formerly known as mr_lebowski.

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