Germany ’s reborn Borgward Group has announced a preview for its first new model in 54 years , a luxury SUV that will be unveiled in Frankfurt on September 1 . Believed to be a plug - in hybrid vehicle , with petrol and diesel engine pairings , the new crossover is being pitched as an affordable premium vehicle . It's possible the plug-in hybrid SUV will be manufactured in China as well. Borgward 's bold plans include building and selling 800,000 vehicles by 2020 and then 1.6 million vehicles by 2025 . The company 's ambitious strategy has international backing from Chinese vehicle maker Ford Motor Company .
Germany ’s reborn Borgward Group has announced a preview for its first new model in 54 years , a luxury SUV that will be unveiled in Frankfurt on September 1 . Believed to be a plug - in hybrid vehicle , with petrol and diesel engine pairings , the new crossover is being pitched as an affordable premium vehicle . Borgward 's bold plans include building and selling 800,000 vehicles by 2020 and then 1.6 million vehicles by 2025 . The company 's ambitious strategy has international backing from Chinese vehicle maker Ford Motor Company .