Ford spending $1 bln on Lincoln revamp-report

Newswire

NEW YORK, June 19 (Reuters) - Ford Motor Co is spending $1 billion in an effort to develop a new generation of vehicles for its struggling Lincoln brand, the Wall Street Journal reported on Sunday, citing dealers briefed on the plan. Ford is working on seven all-new or significantly upgraded vehicles that Lincoln will roll out over the next four years. During a presentation to dealers two weeks ago, Ford Americas President Mark Fields said the auto maker sees the effort as the "last ...

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