Ford luxury brand Lincoln nearly triples China sales in third quarter
Ford Motor Co's (F.N) luxury Lincoln brand nearly tripled its China sales in the third quarter to 8,546 vehicles, the company said on Monday.
In the first three quarters of the year, Lincoln sales in China surged 191 percent to about 21,000, Ford said.
Ford also said it was on track to have 65 Lincoln stores by the end of this year and 80 by the end of 2017.
Even with the surging sales, Ford's Lincoln lagged Detroit rival General Motors Co (GM.N) and its luxury Cadillac brand, which got a much earlier start. In September in China, GM sold about 12,500 Cadillacs, up 63 percent.
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