Ford: More Lincolns to Be Built for Chinese Market Locally

Sun, 26 May 2019

Ford: More Lincolns to Be Built for Chinese Market Locally

Voice of America
16 May 2019, 04:07 GMT+10

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 Monday.

'It's 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.

He declined to say how much Ford will save through localized production.

Ford has been struggling to revive sales in China, the automaker's second-biggest market. Ford sales slumped 37 percent in 2018, after a 6 percent decline in 2017.

Shanks said that all of the problems the automaker experienced in China last year were related to the Ford brand, not Lincoln, which is popular with Chinese customers.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.

More Information

International

Iranians bearing brunt of U.S. sanctions

Many are worried about the risk of war with Iran after the Trump administration leaked discussions of a troop deployment ...

Women dominate same-sex marriages in Taiwan

TAIPEI, Taiwan - Same-sex couples lined up on Friday in Taiwan to register their partnerships after the passage last week ...

U.S. president storms out of meeting in a rage

WASHINGTON DC - U.S. President Donald Trump totally lost it on Wednesday.In a lengthy statement he derided Democrats, kept repeating ...

Bomb scare in Derry/Londonderry set a trap for police

DERRY/LONDONDERRY, Northern Ireland - Ugly scenes took place in the Moss Park area of Derry/Londonderry on Thursday night when police ...

Assange hit with new charges, could see him jailed for 175 years

WASHINGTON DC - A federal grand jury has returned an 18-count superseding indictment against Julian Assange, the founder of WikiLeaks, ...

Fears Ebola epidemic could spread beyod DRC

KINSHASA, Democratic Republic of the Congo (Central Africa) - With the Democratic Republic of the Congo's worst ever Ebola outbreak ...

Michigan

Pentagon wants reports on unidentified flying objects

U.S. Navy pilots and sailors won't be considered crazy for reporting unidentified flying objects, under new rules meant to encourage them ...

The Tesla stock bubble has burst, sparking existential questions

For Elon Musk and Tesla, the blows from Wall Street came one after another this week - a relentless barrage ...

Rapid water quality tests better protect beachgoers

Planning a trip to the beach? Along with looking forward to some summer fun, beachgoers may be thinking about the ...

Mathematics of scale: Big, small and everything in between

Breathe. As your lungs expand, air fills 500 million tiny alveoli, each a fraction of a millimeter across. As you ...

Migrant Surge Accelerates at US-Mexico Border

CAPITOL HILL - The Trump administration on Thursday said a surge of migrant arrivals at the southern U.S. border continues ...

Can John Walker Lindh Be Deradicalized

WASHINGTON - The former radical jihadi dubbed the "American Taliban" was released from prison Thursday after completing 17 years of ...

Movie Review

The Thing (1982) [Blu-Ray]

Thing (1982)