Ford CEO mulls taking Lincoln global: magazine

Thu Jan 31, 2008 1:28pm EST
 
Email | Print | | Reprints | Single Page
[-] Text [+]

FRANKFURT (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) is discussing whether to transform its Lincoln into a global premium brand, its chief executive told Germany's Auto Motor und Sport.

"We are considering distribution in Europe and Asia. We already sell Lincolns in the Middle East," Alan Mulally told the magazine in an interview published on Thursday.

Lincoln, which builds the full-size Navigator sport utility vehicle, sold nearly 130,700 cars worldwide last year, but only 1 percent of those were in markets outside North America.

A spokesman for Ford qualified the report though, saying that while the brand's potential is there, any plans to go global would be "sometime in the future since the priority right now is clearly on North America."

U.S. rival General Motors Corp. (GM.N: Quote, Profile, Research, Stock Buzz) also has attempted to broaden the appeal of its premium brand Cadillac -- maker of the CTS, Motor Trend's Car of the Year for 2008 -- but it is still dependent on its domestic market.

Of the nearly 241,000 Cadillacs sold last year, only 26,100 went to customers outside the United States.

BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz), the world's most popular luxury brand, sold 1.28 million vehicles.

(Reporting by Christiaan Hetzner; editing by Sue Thomas)

 
Photo

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended
Reuters is looking for participants in a new mobile journalism project to capture the Republican and Democratic conventions from the ground up.