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Benzinga

Business

Shivani Kumaresan

Ford Unveils Lincoln Star Electric SUV Concept: CNBC

Lincoln (Organization) CNBC electric vehicles Ford Motor Co NYSE

Ford Motor Co (NYSE:F) plans to launch four new electric vehicles in its Lincoln lineup by 2026, CNBC reports.
The company unveiled its first concept for an electric vehicle, the Lincoln Star Concept, in an attempt to catch up with its rivals.
Lincoln expects electric vehicles to make up more than half of its global volume by mid-decade and 90% of its North American sales by 2030.
“As Lincoln enters the next chapter in our transition to a zero-emissions future, the Lincoln Star Concept will lead the way for our portfolio of fully electric vehicles,” the report quoted Lincoln President Joy Falotico.
Price Action: F shares are trading higher by 1.06% at $16.22 in premarket on the last check Thursday.
Photo via company website

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