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Ford Motor Co.’s net income for the first quarter of 2015 dropped by 6.6% to $924 million amid the cut in production due to the launch of its aluminum-bodied pickup. Ford had predicted that by remaking a huge portion of its global lineup, it will experience a “breakthrough year.” The automaker said that F-150 has been welcomed by industry insiders and consumers alike so that it will raise its profit margin projects in North America slightly.
However, the financial environment in South America has been worse than expected. The revenue in the quarter decreased by 5.6% to $33.9 billion. In a statement, Ford CEO Mark Fields said that the company had a good start to a year that’s expected to have increasingly stronger results as more of its new products are launched.
One of those new products that will push Ford to have a “breakthrough year” is the redesigned F-150, which makes up a majority of the brand’s profits, analysts claim. Ford started selling the truck at the end of last year; however, sales have been sluggish since it has been in short supply because of the plant changeover process.Read the entire article Ford’s net income falls 6.6% to $924 million in Q1 2015
Ford Motor Co. posted a 56-percent drop in net income in 2014 to $3.2 billion, bogged down by the cost of introduction of 22 new vehicles globally as well as by a drop in its share of the United States auto market. While the carmaker earned $52 million in the fourth quarter, it was much lower than the $3 billion posted in the same period in 2013, when the company benefited from favorable tax benefits.
Ford logged a 2-percent drop in annual revenue to $144.1 billion, with fewer trucks and other vehicles coming off the assembly line. Chief executive Mark Fields said in a statement that while 2014 was a solid year for Ford, it was a challenging one.
He remarked that the investments and new products launched globally last year should position Ford for strong growth in 2015 and beyond. In the fourth quarter of 2014, Ford incurred a $800-million pretax charge related to currency devaluation in Venezuela.Read the entire article Ford net income in 2014 drops 56% to $3.2 billion
Ford Motor Co. posted a 39-percent drop in net income in the first quarter of 2014 to $989 million, weighed down by weaker pricing in the United States and higher warranty expenses. Ford said in a statement that it just posted less than 1 percent hike in revenue to $35.9 billion.
The carmaker saw a 35-percent drop in profit margins in North America due to higher incentives and a $410 million increase in warranty reserves linked to recalls and other service campaigns for past model year vehicles. For the first quarter of 2014, Ford logged a 36-percent decline in pretax operating profit to $1.4 billion.
Once taxes are counted, Ford’s first-quarter operating profit was equal to 25 cents per share – a sharp drop from 41 cents in the same period in 2013. It is also below the 31 cents that Wall Street had expected. According to Ford, “weather-related costs” trimmed its earning in North America by around $100 million.Read the entire article Ford logs 39% drop in first-quarter 2014 net income to $989 million
Ford Motor Co. posted a 19-percent climb in net income in the second quarter of 2013 to $1.23 billion. In the quarter, the US carmaker logged a 15-percent jump in revenues to $38.1 billion and a 40-percent surge in pretax profit to $2.56 billion. According to Ford, its operations in North America set second-quarter and first-half records for pre-tax profits at $2.3 billion and $4.8 billion, respectively.
The carmaker, overall, posted a 16-percent rise in pretax operating profit in North America. Ford’s operations in the Asia Pacific Africa region posted a major turnaround after dangling a $177 million in pretax profits in the second quarter of 2013, compared with $66 million in losses in the same period in 2012.
With the strong results, Ford updated its full-year 2013 forecast to reflect better operating profit as well as higher industry sales in several regions like including China and Europe. The carmaker is seeing an improvement in Europe, where it is now expecting $1.8 billion in losses on par with 2012 results.Read the entire article Ford logs 19% jump in 2Q net income to $1.23 billion
Ford Motor Co. logged a 15-percent surge in net income in the first quarter of 2013 to $1.61 billion, thanks to a significant rise in vehicle sales in the United States. Ford chief executive Bob Shanks remarked that results mark “a very good start to the year.” Ford is targeting to post its fifth consecutive annual profit after posting $30.1 billion in losses from 2006 through 2008.
The carmaker posted a 6-percent drop in pretax operating profit in the first three months of 2013 to $2.15 billion, mainly due to its losses in Europe and South America. Ford, however, saw its pretax operating profit rise in North America by 14 percent to $2.44 billion, beating the quarterly record of $2.33 billion set in the third quarter of 2012.
Ford first began reporting North America results as a separate business unit in 2000. Ford also recorded a small pretax profit in the Asia Pacific Africa region. The carmaker logged a 10-percent hike in revenues in the quarter to $35.8 billion.Read the entire article Ford logs 15% hike in Q1 net income to $1.61 billion
Ford Motor Co. posted a 57-percent drop in net income for the second quarter of 2012, to $1.04 billion from $2.40 billion in the same period in 2011. The carmaker posted $1.8 billion in pretax profits for the review period, a sharp decline from the $2.9 billion in pretax profits for the same period in 2011. The company likewise posted a $2.2 billion dive in revenues to $33.3 billion in the second quarter of 2012.
Much of Ford’s profits were accounted for by its North American operations, logging $2 billion in pre-tax profits in the second quarter of 2012 from $1.9 billion a year earlier. The decline in the carmaker’s overall net income, however, was primarily due to $404 million loss recorded by its Ford of Europe business, contrasting its second quarter results in 2011, when the unit posted $176 million in profits.
Ford expects its European operations to log more than $1 billion in full-year loss for 2012. In a statement, Ford said the magnitude of the loss will be affected by several factors like overall economic environment, competitive actions and Ford's response to these developments. Ford likewise posted a $66 million second-quarter loss in the Asia Pacific-Africa region this year, in contrast to a $1 million pretax profit in 2011.Read the entire article Ford’s second-quarter net income in 2012 drops 57 percent to $1.04 billion
Ford Motor Co., which is scheduled to publish its quarterly report on Friday morning, is anticipated to post a drop in first-quarter profit by almost 50% as North American earnings could not offset losses in the company's worldwide operations. According to the average estimates of seven analysts that Bloomberg surveyed, the automakers' net income may decline to $1.34 billion, down 48% from the $2.55 billion it achieved in the same period last year.
Profits may have dropped to 36 cents a share based on the average forecast of 17 analysts. This profit figure, which was at 62 cents on the same period in 2011, excludes some items.
Barclays Capital analyst Brian Johnson estimated that the automaker may have lost $225 million in Asia and Europe. He further said that operating earnings in North America may have reached $1.8 billion, as the initiative of the automaker's CEO Alan Mulally to enhance fuel economy has seen positive results despite increasing U.S. gasoline prices.Read the entire article Analysts say Ford may post nearly 50% drop in net income for 1Q
Affected by accounting changes regarding commodity prices, Ford Motor Co. disclosed that third-quarter net earnings dropped from $1.69 billion in 2010 to $1.65 billion this year. Pretax profits decreased to $1.94 billion from $2.06 billion a year earlier. Pretax operating profits in its North American operations were generally flat from the year-earlier period at $1.6 billion, while in South America, operations were also in the black.
However, Ford's Asian Pacific, African and European operations posted pretax losses in the quarter. Meanwhile, profits at the company's financial operations declined. Revenues improved as the car maker increased cash and further slashed debt.
Despite an uncertain business environment, the company still "delivered solid results" for the third quarter, said Ford chief executive officer Alan Mulally in a statement. The outcomes marked the company's ninth consecutive pretax quarterly profit and 10th consecutive net profit while maintaining a current pattern of softer earnings, which Ford had forecasted.Read the entire article Ford posts a $1.65 billion net income in the third quarter of 2011
Sports utility vehicles are still in heavy demand. Ford knows this very well as the American carmaker has seen sales of its SUVs surge dramatically by 28 percent in the past six years. Leading this charge are the Ford Expedition and Ford Explorer SUVs, which is why these models are each getting not just one, but special editions.
These new four special edition SUVs – Ford Expedition Stealth Edition, Ford Expedition Texas Edition, Ford Explorer Limited Luxury Edition and Ford Explorer Desert Copper Edition – will only be offered in the United States and are expected to further boost the popularity of the Expedition and Explorer in the country. The new four special edition SUVs were all unveiled at the State Fair of Texas.
There is a reason why Ford unveiled the new four special edition SUVs at the State Fair of Texas. After all, Texas is the largest market for Ford’s large SUVs. In fact, the state accounted for nearly 25 percent of Expedition retail sales nationally – even more than the combined sales of the SUV in Florida and California.Read the entire article Ford unveils new special editions for its Expedition and Explorer SUVs
Visitors at the much-awaited 2018 Specialty Equipment Market Association (SEMA) Show – scheduled from Oct. 30 to Nov. 2 -- can expect a wide array of show cars that demonstrate not only various aftermarket parts and specialty services, but also the capabilities for various companies. One of these show cars is the Future Forty from MagnaFlow and Superformance.
Superformance is an American automobile company that creates performance components and full replicas, especially cars from the 1960s like the Shelby Cobra, Daytona Coupe, GT40, and the Corvette Grand Sport. The company and MagnaFlow – a firm that takes pride of its expertise in performance exhaust systems superior catalytic converter technology – have decided enter into a partnership and create a visually exciting fabrication that makes use of a Ford MkI GT40 replica and the engine of a modern Ford GT. The result is what is to be shown at the upcoming 2018 SEMA Show – the Future Forty.
The companies started the Future Forty project by getting a MkI GT40 replica from Superformance. This replica boasts of an exact recreation of the original monocoque and pressed steel roof of the GT40. However, this GT40 replica doesn’t feature the usual naturally aspirated V8 engine, and is instead powered by a mill derived from a modern Ford GT – a twin-turbo 3.5-liter EcoBoost V6 powerplant.Read the entire article SEMA Show-bound Future Forty by Superformance is a GT40 replica with Ford GT engine
After confirming in 2017 that its midsize pickup would be coming back to the United States, Ford took the wraps off the 2019 Ranger early last year. It featured an all-new design especially made for the US, and is a bit different from the Rangers sold overseas. Now, Ford is finally commencing the production of the 2019 Ranger at its newly transformed Michigan Assembly Plant in Detroit.
To mark the kickoff of the production of the new Ford Ranger, the carmaker had special celebrations at its Michigan Assembly Plant. The celebrations essentially mark the rebirth of the Ranger, which is slated to return to the US early 2019 following an eight-year hiatus. Likewise, the celebrations mark the rebirth of the plant that has been a witness to the ups and downs of the American auto industry in the past six decades.
Invited in the celebrations aren’t just leaders from Ford, but also from United Auto Workers. A large of number of the plant’s workforce – numbering more than 3,000 employees – was also present. These employees, as well as media members and others, were given an opportunity to ride in the new Ford Ranger a custom-built, off-road course in the plant’s parking lot.Read the entire article Ford marks start of Ranger production at its Michigan Assembly Plant with celebrations
The Ford Mustang is definitely a performance machine made to dominate the roads. Nonetheless, the Mustang could be further improved by availing some packages from Ford Performance. To this effect, the newest version of the Mustang offers a wholesome improvement in terms of style, performance and enjoyment. The new Series 1 Mustang RTR Powered by Ford Performance delivers a greater degree of driving and owner experience.
Ford Performance in collaboration with World champion drifter Vaughn Gittin Jr. and his RTR Vehicles team, came up with a Mustang that dons RTR’s signature modern and aggressive styling as well as with the ability to suit itself to a number of driving conditions.
This is made possible by installing a suspension system from Ford Performance that features adjustable sway bars. These sway bars can be adjusted to change chassis balance for either passive or MagneRide suspensions. In effect, the Series 1 Mustang RTR Powered by Ford Performance can adjust for a driving down a twisty backroad, challenging lap times, zooming on a drag strip or even drifting.Read the entire article Series 1 Mustang RTR Powered by Ford Performance is a stylish, adaptable pony car!
When Ford unveiled its new Ford GT nearly four years ago at the 2015 Detroit Auto Show, the supercar was received very well even through the US carmaker only disclosed a few details. When the company started to produce the Ford GT, one thing was very apparent – the demand for the supercar greatly outstrips the supply. Two years into the supercar’s production, Ford is building more units than previously earmarked.
Even before it started production of the Ford GT, the US carmaker had said only 1,000 units of the supercar will be built. Ford had set the annual production pace for the Ford GT at 250 units every year. This means that supercar would have a production run that would last for around four years.
But when the US carmaker started accepting orders for the Ford GT, the total number of applicants quickly grew to more than 6,500. This number was just for the 2016 iteration of the supercar. Unfortunately, Ford can only accommodate 1,000 of the applicants, which means that the Ford GT is practically sold out.Read the entire article Ford extends production run of Ford GT supercar to 1,350 units through 2022
In June this year, rival carmakers Ford and Volkswagen inked a memorandum of agreement for a possible strategic alliance. Months after signing the MoU, automotive industry analysts are now floating the ideas of possible merger or an equity swap between the American and German companies. Nonetheless, Ford is quick enough to quash such ideas even before they get out of hand.
Under the signed MoU, Ford and VW are exploring a number of potential projects in several areas like the development of a range of commercial vehicles together. Likewise, a possible partnership would also work to better serve the evolving needs of customers. The parties have already made it clear back then that the potential alliance wouldn’t involve any equity arrangement.
However, The Detroit Bureau published an analysis that the potential alliance between Ford and VW might go beyond the commercial vehicle market, since doing so could be beneficial for both carmakers. For instance, Ford can benefit from VW’s robust presence not just in Europe, but also in Latin America and China. On the other hand, VW can take advantage of Ford’s strong fortified status in the United States, particular in the pickup and SUV segments.Read the entire article Ford kills rumors over potential merger or equity swap with Volkswagen
Ford is giving potential Fiesta customers more reasons to purchase its world-renowned subcompact. Two of these are the introductions of new sporty model based from the ST-Line trim of the Ford Fiesta. New customers can now indulge with the new Ford Fiesta ST-Line Red Edition and the Fiesta ST-Line Black Edition. Ford is now selling the Ford Fiesta ST-Line Red Edition and Fiesta ST-Line Black Edition models in selected markets in Europe.
According to the carmaker, the ST-Line trim accounts for around 20 percent of total Fiesta sales this year. Perhaps the satisfying demand for the ST-Line – which endows the Fiesta a sportier and more dynamic appearance – has led Ford to create two new special editions based on this trim. These new editions – the new Ford Fiesta ST-Line Red Edition and the Fiesta ST-Line Black Edition feature distinctive exterior and interior elements that make them stand out from the rest.
Making full use of Ford Performance-inspired styling, these new Ford Fiesta ST-Line edition models are available in three- and five-door body styles. Both the new Ford Fiesta ST-Line Red Edition and the Fiesta ST-Line Black Edition are served by Ford’s 1.0-liter EcoBoost petrol engine that deliver 140 PS of max output, as complemented by sports suspension. This engine is mated to a low-friction six-speed manual gearbox.Read the entire article Ford Fiesta is now available with new ST-Line Red and Black Editions in Europe
More and more vehicles are using automatic transmissions to send power from the engine to the wheels. Even supposed sporty cars have been ditching manual transmissions in favor of automatic gearboxes. But the upcoming 2020 Ford Bronco could come fitted with a manual transmission, according to a report by Jalopnik.
Citing a number of sources privy with the plans, Jalopnik reported that Ford is tapping Getrag to develop a new manual gearbox for the 2020 Ford Bronco. The partnership between Ford and Getrag to develop a new manual transmission for the Bronco isn't surprising as the German company is also the one producing the manual gearbox – the MT-82 six-speed unit -- for the Ford Mustang. The new manual transmission for the new Bronco will be named as the MT-88. As per Jalopnik’s sources, this Bronco-bound transmission will be a seven-speed unit that would send power to wheels from Ford’s 2.7-liter EcoBoost V6 engine.
According to Jalopnik, there is a possibility that the new MT-88 manual transmission share components with the MT-82 manual gearbox. Likewise, Ford may also decide to use the new MT-88 manual transmission for the next generation of the Mustang. Nonetheless, while the current plan has the new MT-88 manual transmission being fitted in the Bronco, the fact that the vehicle is still being developed means things may change as Ford gets closer to the official unveiling of the Bronco.Read the entire article 2020 Ford Bronco may come with a six- or seven-speed manual transmission from Getrag
At the start of the year, Ford announced that it is planning to develop a new electric vehicle that focuses on performance. At the announcement, Ford said that the new performance EV would be named Mach 1. Eventually, the Mach 1 moniker was shelved, but not the performance EV. Now, Ford has released a new teaser that officially previews this upcoming EV.
During the January announcement, Ford said that this performance EV would released in 2020. In March this year, Ford Global Markets President Jim Farley remarked that the performance EV would be like a four-door SUV version of a Ford Mustang. Essentially, this means that the new performance EV would be an electric SUV with the looks or performance of the Mustang, or both.
Now, the recently released teaser image looks like a sketched silhouette of Ford’s new performance EV. It may seem so vague and unclear until a closer inspection reveals that it features the rear end of a Ford Mustang. That basically confirms the relationship of the new performance to Ford’s iconic pony car. However, this is a teaser image, and a sketch nonetheless, which means that it final looks may differ from the Mustang but retain some cues that indicate its high-performance nature.Read the entire article Ford officially teases Mustang-inspired full electric SUV with sketched image
Every June or July of every year, motor racing vehicles – especially historic ones -- flock at West Sussex, England to challenge the hillclimb event of the highly prestigious Goodwood Festival of Speed. For the first time in the festival’s history, a vehicle will brave the hillclimb without a driver behind its wheels.
So far, the Goodwood Festival of Speed has been graced by conventionally powered and electrified vehicles. However, all of these vehicles completed the 1.86-km (1.16 miles) hillclimb with a driver piloting the steering wheel. This is due to change this July 12, 2018 when an autonomous vehicle created by the collaboration between Siemens and Cranfield University tries to run the course.
People who might want to witness the first autonomous hillclimb at the Goodwood Festival of Speed, however, should not expect an all-new self-driving car climbing its way up to the Goodwood House. Instead, they should look out for 1965 Ford Mustang with a distinctive silver wrap. The sides of this 1965 Mustang feature the number “25”, commemorating the 25th anniversary of Goodwood. This autonomous Mustang also features the blue “Siemens” logo and a stripe running on the lower flank with the same color as the logo. Stripes of the same color are also found on the hood and roof of the autonomous Mustang.Read the entire article Self-driving 1965 Ford Mustang to attempt first-ever Goodwood Festival of Speed hillclimb
The Ford F-150 Raptor is probably one of the coolest offroad vehicles out there, and the great news is that the automaker already has planned upgrades for the 2019 model year, to make the already rugged pickup even more capable. The upgraded truck will be easier to drive even on extremely bumpy roads, and this will be out in dealerships by the end of the year.
The Blue Oval will further improve the Raptor suspension after already fitting larger diameter FOX Racing shocks for the 2017 model year upgrade. The newest version features Live Valve technology that varies compression rates to adjust the damping to the terrain ahead.
This adapts to the terrain in real time to actively maximize handling, comfort and bottom out resistance. Sensors found on the suspension and body can monitor what’s happening while tweaking the setup accordingly. The technology will even be aware of when the pickup is in the air when it jumps, stiffening the dampers to ensure a smoother landing.Read the entire article 2019 Ford F-150 Raptor is easier to drive in bumpy roads
In 2017, actor and wrestling legend John Cena got in trouble when he purchased a brand new Ford GT, and then decided to sell it to another buyer. Because of this, Ford sued Cena for half a million dollars for violating the contract that stipulated that any Ford GT owner must not sell the unit within two years after purchasing it.
Cena decided to countersue Ford and this case is presently winding its way through court. Now, it seems like someone has not gotten the memo, as Motor Authority has noticed that a new Ford GT was put up at the Mercum auction block in Indianapolis this week. Of course, Ford had already begun investigating the situation.
Ford has revealed that they are aware of this and that they are looking into the situation. However, they will not comment on individual customer matters. Ford spokesman Matt Leaver pointed out that Ford GT customers come in to sign contracts, which include an agreement to not sell the car for at least two years.Read the entire article Ford is investigating Mecum auction for illegally selling 2017 Ford GT
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