Lincoln Motors is one of the most iconic car brands in the world. Founded in 1917, the company has a rich history of producing luxury cars that are renowned for their elegance, sophistication, and superior performance. Over the years, the ownership of Lincoln Motors has changed hands several times, and many people are curious to know who currently owns this legendary car brand. In this article, we will explore the ownership history of Lincoln Motors and reveal the company that currently owns it.
The Early Years
The story of Lincoln Motors begins in 1917 when Henry Leland, the founder of Cadillac, left the company and started his own car brand. Leland named the new company after his hero, Abraham Lincoln, and set out to produce luxury cars that would rival the best in the world. In the early years, Lincoln Motors was an independent company, and it quickly gained a reputation for producing high-quality cars that were both elegant and reliable.
However, the Great Depression hit the company hard, and in 1922, Lincoln Motors was forced to merge with the Ford Motor Company. The merger proved to be a turning point for Lincoln Motors, and the company began to produce some of its most iconic cars under the ownership of Ford.
The Ford Years
Under the ownership of Ford, Lincoln Motors continued to produce luxury cars that were renowned for their elegance and superior performance. Some of the most iconic cars produced by Lincoln Motors during the Ford years include the Lincoln Continental, which was introduced in 1939, and the Lincoln Town Car, which was introduced in 1981.
However, despite the success of Lincoln Motors under the ownership of Ford, the company faced tough competition from other luxury car brands such as Mercedes-Benz, BMW, and Lexus. In the early 2000s, Ford began to struggle financially, and the company was forced to restructure its operations. As part of the restructuring process, Ford decided to sell off some of its non-core brands, including Lincoln Motors.
The Current Ownership
In 2006, Ford sold Lincoln Motors to the Ford Motor Credit Company, which is a subsidiary of Ford. The move was seen as a way for Ford to retain control over the brand while also raising much-needed cash. Under the ownership of Ford Motor Credit Company, Lincoln Motors continued to produce luxury cars that were renowned for their elegance and superior performance.
In 2021, Ford announced that it was selling its stake in Lincoln Motors to the Chinese car company Geely. The move was seen as a way for Ford to focus on its core brands while also giving Lincoln Motors the resources it needs to compete with other luxury car brands. Under the ownership of Geely, Lincoln Motors is expected to continue producing luxury cars that are both elegant and reliable.
The Future of Lincoln Motors
With the backing of Geely, Lincoln Motors is poised to continue producing some of the most iconic luxury cars in the world. The company has a rich history of producing cars that are both elegant and reliable, and under the ownership of Geely, Lincoln Motors is expected to continue producing cars that are at the forefront of luxury car design and technology.
Overall, the ownership history of Lincoln Motors is a fascinating story that spans over a century. From its early years as an independent car brand to its current ownership by Geely, Lincoln Motors has always been at the forefront of luxury car design and technology. With its rich history, iconic cars, and new ownership, Lincoln Motors is sure to continue to be a major player in the luxury car market for many years to come.
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