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Founded in 1917 by Henry M. Leland and his son Wilfred, Lincoln is currently the luxury division of Ford. Named for the 16th president of the United States, Abraham Lincoln, this automobile manufacturer initially created aircraft engines during World War I. Lincoln is likely best known for supplying limousines for use by the presidents of the United States, special-designing custom-made cars specifically for Presidential use.
The first automobile produced by Lincoln was the Lincoln Model L in 1920. The Town Car version of this car sold for $6,600, the equivalent of $100,268 in current value. Producing less than 3,000 vehicles between 1920 and 1921, Lincoln faced bankruptcy before its purchase by the Ford Motor Company in 1922. Today, Lincoln makes a variety of luxury cars and SUVs. Some of the more well-known models include the Aviator, Corsair, Continental, Navigator, Nautilus, MKC, and MKZ. Since 2005, the most vehicles Lincoln has sold in a single year is 131,487, which occurred in 2007.
Lincoln intends to debut its first fully electric vehicle in the coming year, announcing its entire lineup of vehicles will be electric by 2030. They also intend to introduce more driver-assistance technology into their vehicles, with the Lincoln Intelligence system and Lincoln Enhance over-the-air software updates. Lincoln has also stated that they expect half of their total global sales to be zero-emissions vehicles by 2025, part of their parent company Ford's plan to invest $30 billion into EV production by the middle of this decade.