*By Hope King* The future of the sedan is parked on shaky ground in the U.S. But according to the president of the Lincoln Motor Company, the car model is still major in China. “We’re in a little bit of different situation because in China — sedans are still 50 percent of the market.” Joy Falotico told Cheddar Wednesday morning at the Los Angeles Auto show. Falotico confirmed that Lincoln as of now has no plans to stop producing or innovating sedans, but reiterated that demand differs by country. Falotico’s comments to Cheddar come at a moment when automakers are reducing their inventory of sedans in favor of larger, higher profit margin vehicles, like trucks and SUVs. Ford, for example, can generate profits that exceed $10,000 per Super Duty pickup truck, according to [estimates]( https://www.bloomberg.com/news/articles/2018-02-12/ford-will-pump-out-more-profitable-big-suvs-to-fund-its-future). Earlier this year, Lincoln’s parent company Ford ($F) announced it will stop investing in future generations of the Taurus, Fusion, and Fiesta for North America. GM, as part of its [cost-cutting](https://cheddar.com/videos/general-motors-cutting-corners-for-employees-cars-and-production-plants) initiatives, earlier this month announced it will halt production of six sedans — the Cadillac CT6 and XTS, Buick LaCrosse, Chevrolet Cruze, Impala, Volt — by the end of 2019. Lincoln’s Navigator, a luxury SUV, was redesigned for the first time in over a decade last year. Of all the Lincoln models, which include the MKZ and Continental sedans, and the MKC, Nautilus and Aviator crossover, was the only model to post a year-over-year sales increase in October. “Sedans are a very important part of our lineup,” Falcotico said. “We have the MKZ and Continental and they’re both ’17 model years. We’ll be happy to continue to sell those.” As popular as sedan may be in China for Lincoln, the brand is still losing money in China, where it launched about [four years ago](https://www.reuters.com/article/us-ford-motor-results/ford-accelerates-cost-cutting-plan-will-drop-most-u-s-sedans-idUSKBN1HW2UH). For full interview [click here](https://cheddar.com/videos/sedans-remain-important-part-of-lincoln-lineup).

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More