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Lincoln Motor Company was founded in 1917 by Henry M. Leland, naming it after Abraham Lincoln. In February 1922, the company was acquired by Ford. The current product range of Lincoln consists of luxury sedans, crossovers, and sport-utility vehicles. Lincoln has competed closely against its General Motors counterpart Cadillac. The division has the distinction of establishing the personal luxury car segment with the 1940 Lincoln Continental; more recently, the 1998 Lincoln Navigator was the first full-size luxury SUV. Throughout its entire existence, Lincoln has also produced vehicles for limousine and livery use; several examples have served as official state limousines for Presidents of the United States.