On February 4, 1922, Lincoln Motor Company was acquired by Ford Motor Company for $8 million. Lincoln became the luxury vehicle division of the American auto company Ford. Henry Ford had previously designed several luxury vehicles within the Ford name but wanted to have a standalone luxury brand to make them under. Thus, the Lincoln brand was born and has been Ford's exclusive luxury brand ever since. Lincoln Motor Company was founded in 1917 by Henry M. Leland, who named it after Abraham Lincoln, stating that Lincoln was the first President for whom he ever voted (1864).
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