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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
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
A few days back, we discussed that Ford’s plan involves retiring most of its compact cars and sedans and replacing them with SUVs. However, there would be two small models that will remain in the lineup -- the Mustang and the Focus Active, at least for the United States. So what is the automaker’s reason for doing so? Well, the answer is as simple as this - money.
To support that statement, Jim Hackett, Ford’s CEO said in his interview with Automotive News that they have decided to just focus on the healthier part of the business, referring to trucks and crossovers. In the first quarter of 2018 alone, the company’s sales of $3 billion all came from this segment. Soon, 90 percent of all sales will come from this.
The CEO added that they will soon deal with the parts of the company that destroy value. He, of course, is speaking of sedans and hatchbacks. In fact, by 2022, they hope to uncover $25.5 billion in savings with the switch to SUVs and trucks. This is double the amount identified back in October ($14 million).Read the entire article Why is Ford getting rid of its sedans and hatchbacks?
Several years ago, on April 15, 2013, Ford and General Motors signed an agreement to jointly use automatic transmissions that both automakers had developed. This was developed mainly for models like the F-150 and the Mustang. For the former, their part of the deal was to share its own 10 speed gearbox to rear wheel drive cars with GM, and in return, they will be able to use the 9 speed gearbox which they can use in front wheel drive crossovers, for a smoother and more efficient drive.
The gearbox seen in this photo, the Hydra-Matic 9T50, which was originally introduced in Chevy models with the 2017 Malibu, 2017 Cruze Diesel and the 2018 Equinox will not find its way inside a Ford model. Rather, the automaker opted to use an eight speed box for models like the Edge and the MKX that replaces the Lincoln Nautilus.
So what made them change their mind? Well, Ford believes that GM’s transmission is not good enough to handle the extra weight that comes from the new gear. That is not all, because it also argues that it does not justify the increased cost required for it to adapt to the Ford models. AutoPacific Inc. analyst, Dave Sullivan, even joked that if he was offered a transmission that did not require much work, outside of tuning it for a specific vehicle, he would take it and run.Read the entire article Ford won’t use GM’s 9 speed automatic transmission due to cost, efficiency snags
Aftermarket tuner Roush is largely known in the automotive industry for turning Ford Mustangs into monsters that produce insane amounts of horsepower. Now guess what? The tuner has entered the super duty truck market and has recently unveiled the 2018 Roush Ford Super Duty F-250, and this thing looks pretty sick!
Taylor Bloor, vice president for global sales for Roush Performance, said that this is the perfect car for drivers who want an aggressive, no-compromise look for their pickup truck, making it an ideal entry into the Super Duty market. This 2018 Roush Super Duty F-250 doesn’t only look intimidating with its offroad stance, but it also is not afraid to get dirt on it. It is reliable and functional, and it is cool too.
Similar to most Roush tuned cars out there, the Roush F-250 gets a number of added pieces that make it look tough. Firstly, it had been given a Fox 2.0 Performance suspension system along with a 1.5 inch leveling kit. The body sits on a set of 20 inch wheels with integrated bead protection. During Roush’s press release, they said that the capped chrome wheels can withstand Ford’s factory towing capabilities. These are wrapped in BFGoodrich KO2 All-Terrain 35.3 inch tires that provide all the traction you will need. It also has a new exhaust system that can be heard around your neighbourhood.Read the entire article Roush’s first foray into truck market is an insanely jacked-up 2018 Ford Super Duty F-250
Despite the fact that many customers are choosing crossovers more than other types of vehicles, Ford continues to offer its compact car, the Focus, for the 2019 model year. The newest model comes packed with technology, new interior and exterior design, and better materials. Ford had just revealed the Euro spec version in Germany, while the US spec will follow in the second half of 2019.
The 2019 Ford Focus will be making use of Ford’s new C2 platform, meaning that aerodynamics, crash performance and interior space will all be improved. Its wheelbase has also grown by 53 millimeters, increasing the cabin space, but keeping the front and rear overhangs short.
The new Ford Focus doesn’t just boast good looks and a sleeker body as aerodynamics has also been improved and Ford has managed to lower the drag coefficient to 0.250 for the sedan and 0.273 for the hatchback. The Ford Focus has also lost a lot of weight, down to 194 pounds (88 kilograms), cutting down fuel consumption and CO2 emissions by 10 percent.Read the entire article 2019 Ford Focus gets new design, lots of tech
Production of the Ford Focus RS is scheduled to end exactly on April 6, but there might not be a long wait for the next one to get on the production line. According to our sources from Autocar, Ford’s hottest hatchback might actually arrive as early as 2020. This also brings back rumours that the new RS could get a hybrid powertrain.
If reports are accurate, the 2020 Ford Focus RS will keep the 2.3 liter turbocharged four cylinder. It might also get additional tuning which might slightly boost its output. Another improvement will come from a mild hybrid setup consisting of a 48-volt electrical system and integrated started generator. Overall, the system will be able to offer as much as 400 horsepower (298 kilowatts) and 425 pound feet (576 Newton metres) of torque. It will only be available with a dual-clutch automatic gearbox though.
Autocar suggests that the hybrid system could bring other driving advantages to the Ford Focus. To be more specific, engineers might tweak the tech to contribute a boost of power when gears are changing, so that there would never be a lull in torque delivery. The integrated starter generator could also add a little bit of power from a launch.Read the entire article Let’s address rumors about the next-gen Ford Focus RS
Ford have recently been dropping hints about a new Ford Fusion, and what I mean is that they will soon reveal the redesigned sedan for 2020. But even before this, they are already considering a minor upgrade for the mid-sized 2019 model year. Some of the more noticeable upgrades include visual cues on the outside like a new grille and LED driving lamps up front, as well as a new trunk lid panel and LED tail lights in the rear.
As for technology, the Ford Fusion has now been given Ford’s driver assist systems, which they had just rebranded as Co-Pilot360 earlier this month. Now, this comes standard throughout the Fusion line.
Having said that, even the base model Fusion S will be equipped with automatic emergency braking with pedestrian detection, blind spot monitoring, lane keep assist, auto high-beam headlights, and a rear backup camera. If you want to opt for something more premium, then there is also the Co-Pilot360 Assist. This adds adaptive cruise control with stop-and-go functionality, voice activated navigation with Sirius XM Traffic and Travel Link.Read the entire article 2019 Ford Fusion Facelift is not sleeker than its predecessor
Ford is introducing a new limited edition of the 2019 Ford Mustang GT – the California Special -- that boasts of aesthetics elements derived from the 1968 original version, modern performance and styling, as well as innovative technologies.
The very first Mustang California Special was born in 1968, with design cues inspired by the 1967 Shelby GT prototype. This came to be called the California Special. The original Mustang California Special was provided with distinguishing elements like a blacked-out grille and fog lamps, as well as a racing stripe running on sides through just ahead of the rear fender scoop.
In addition, the 1968 Mustang California Special was fitted with twist-lock hood fasteners, a Shelby-inspired spoiler and custom rear lamps. The spectacular looks of the Mustang California Special prompted Ford to put it to limited production. Soon enough, the California Special has become one of the much-sought-after special edition Mustang models.Read the entire article Ford Mustang GT gets California Special treatment for 2019 model year
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