This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lincoln Launches MKC as Brand Gains Traction

NEW YORK (TheStreet) -- Lincoln's Jim Farley, says "sales are really growing and transaction prices are growing" for its MKZ. On Wednesday, Lincoln, which is part of Ford (F) , unveiled the second car in its revamped lineup with a sport utility crossover, the Lincoln MKC, which is slated to hit showrooms in early summer 2014 and have a starting price of $33,995.

Watch the interview here.

Video Platform Video Management Video Solutions Video Player

Video Transcript:

Lincoln today unveiling what it's calling the second car in its Lincoln reinvention. Joining us today is Jim Farley, he heads up Lincoln. Jim thank you so much for joining us.

My pleasure.

So what's gonna draw customer to this new and MKC when they've already got you know the Audi Q5 and the Mercedes GLK, what's special about the new MKC?

Must Read: EVERTEC Gets Boost From Puerto Rico Tax Gift

A couple things, first of all it looks great. It also has a lot to unique first-ever features. Park Out you hit a button, extract itself from the parking space it has a wonderful fuel efficiency, probably is going to be the design most of all, and our customer treatment at the dealership. The design is pretty unique, a lot of the vehicles in a segment are kinda boxy, and we worked really hard to get the roof, the track width, different then our global C car platform exclusive. And we have a 4 cylinder 305-pound engine which is really fun to drive.

Now you got that you've got this new eco boost engine in the new MKC are we going to start seeing other design elements are features that you got in the MKC in future Lincoln product launches?

Absolutely there's a lot of features that are on this vehicle that you can expect from Lincoln, one is the embedded modem. This is the first Lincoln there were embedding a high-speed modem, we actually have an app that works on your smartphone where you can remotely start your vehicle actually program it to start a week in advance, locate the vehicle in case you can't remember where it is. Really mobile technology is coming not just electrified vehicles but to our main stream products at Lincoln and you can expect that more of that kind of technology in all of our Lincolns.

Now we've got the MKC hitting showrooms beginning of summer 2014. We'll have them rolling off the assembly plant. What did you learn from the launch of the MKZ that you'll do differently now with the launch of the MKC?

A couple big learnings for us, the first is, give more time to the team to prepare for the quality of the launch. When we launched the Z was just a few months after the fusion, and we wanted to give their Louisville team are more time to prepare for the craftsmanship and quality the customers really expect. That's one thing, a second thing is we really learned that to get customers to consider Lincoln for the first time on MKZ, we have to take some risk. We have to be a great value proposition. We priced the MKZ Hybrid the same as a gas. We're coming out with this product about five thousand dollars less than the German competitors, which is a big deal for people who have money. The other thing we've learned is to be really product focused than the advertising. We launched the Lincoln Motor Car Company which was great and interesting, but the thing we found them MKZs is that people want to know more about the product, so you can expect for advertising be very factual on and more about the product itself.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.75 0.12%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $238.90 -1.20%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs