Ford Motor Co. said it will refrain from raising the prices of its cars imported into China for now, including its luxury marque Lincoln, as the Asian country prepares for a trade war with U.S. tariffs set to kick in soon.
The Dearborn, Michigan-based automaker, said in a statement Friday that it encouraged both the governments to engage in negotiations and resolve their issues. “We remain committed to our Chinese customers and will continue to monitor the situation as it evolves,” Ford said.
In its planned countermeasures, U.S.-made automobiles are among goods Beijing will target, making the cars more expensive. Ford imported a total of 6,079 cars under the nameplate in the first five months this year, 24 percent fewer than the same period last year. It imported 19,964 Lincoln cars in the same period, 2 percent more than a year ago.