Ford JV develops luxury car in China BEIJING — Ford Motor Co. confirms it is working with China's First Automotive Works (FAW) to develop a new luxury car for the Chinese market. FAW officials say they hope the luxury sedan — an FAW Red Flag model that will borrow heavily from one of Ford's Lincoln models — will enter the market by the year's end. Insiders say Ford is providing parts and service training to FAW, which is responsible for the car's design and engineering. New cars in Korea ...
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