BEIJING — Ford Motor Co. confirms it is cooperating with First Auto Works in developing a new luxury car for China. FAW officials say they hope the new vehicle, a Red Flag model, will enter the market by year's end. The car will be based on one of Ford's Lincoln models and also will borrow some technical features from the existing Red Flag, based on Volkswagen AG's Audi 100 and already developed by the Chinese company, says Hua Shaozhong, deputy director of FAW's Technical Center. ...
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