Plans have been killed for Lincoln to get a small German-sourced crossover vehicle from Ford in Germany, Automotive News is reporting, and the company is blaming the unfavorable currency exchange rate for the change.
The new small CUV will still be unveiled at the Frankfurt auto show this fall and will hit the European market next year, badged as a Ford. It is reportedly based on Ford's 2006 Paris show concept called the Iosis X.
Importing the small crossover utility vehicle that would have been sourced from Ford's Saarlouis plant in Germany was reportedly a pet project of new Ford chief Alan Mulally. However, it had not been formally given the green light, according to the publication's report.
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Tuesday, May 15, 2007
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