1966 Ford Bronco 302 V8 Automatic Low Reserve on 2040-cars

Auto blog

Ford books $1.2B profit in second quarter on strength of trucks

Ford is rolling along nicely, with a positive second-quarter sales report and a $2.3 billion profit in North America. The Dearborn, Michigan-based manufacturer captured $1.2 billion globally from April to June, with a $177 million profit in Asia. Even in Europe, the land of doom and gloom for automakers not named Mazda, Ford saw some success as it lowered its expected full-year loss from $2 billion to $1.8 billion. The company lost $348 million in Europe during the second quarter, which, believe it or not, represents a $56-million improvement over 2012.
According to the report on CNBC, Ford enjoyed a three-percent increase in pre-market trading thanks to the news. The strong demand for the F-150 propelled growth in the US market, while Ford's 47-percent increase in Asian sales can be attributed to the new EcoSport crossover and Kuga (Ford Escape in the US) arriving in the somewhat fragile Chinese market.
Pre-tax profits for Ford are expected to be in the neighborhood of $8 billion by the end of the year, with sales the US, Europe, and China all looking up. The company also shifted $4.78 billion of asset-backed debt in the form of bonds, according to a report by Bloomberg. This move came amidst rumors of the Federal Reserve cutting back on its $85-billion-per-month bond purchases. Ford wasn't alone among automakers looking to sell off debt, though, as Mercedes-Benz and Nissan shifted around $1 billion each in bonds relating to auto loans.

Ford F-35 Lightning II Edition Mustang appears at EAA Oshkosh

Ford is back at the Experimental Aircraft Association AirVenture air show in Oshkosh, WI, on July 31 auctioning off its seventh Mustang for charity, and this is one seriously mean looking 2015 'Stang. All of the money from the sale goes to give free introductory flights to young people to get them interested in aviation.
We recently saw this latest EAA Mustang as a sketch. However, it looks a whole lot more menacing in person. Dubbed the Ford F-35 Lightning II Edition Mustang, it takes liberal inspiration from Lockheed Martin's latest fighter jet, and the customization makes the pony car look ready for a role in Top Gun.
On the outside, the special Mustang wears titanium-color paint that's offset by a black and yellow stripe running from hood to rear. Out back things get really wild with a mix of bright yellow and black that flows diagonally all the way to the rear spoiler. The design is based on the livery of early production F-35s. If the rousing color scheme isn't enough to get you interested, the car also gets a carbon fiber front splitter and rear diffuser, lowered suspension and a set of custom 21-inch wheels with yellow brake calipers.

Ford investing $500M in engine plant for 2.7L EcoBoost production

Ohio is a hot area for Ford at the moment with the announcement just a few weeks ago that production of the next-generation F-650/F-750 medium-duty trucks would move from Mexico to the Ohio Assembly Plant in Avon Lake, Ohio. Now, Ford is investing $500 million to hire 300 workers at its Lima Engine Plant in Lima, Ohio, to add production of the twin-turbo 2.7-liter EcoBoost V6 for the 2015 F-150.
The latest investment will be used to add a new flexible engine assembly system and renovate 700,000 square feet of the plant for machining and assembly areas. The Lima factory already builds Ford's 3.5-liter and 3.7-liter Duratec V6 engines. The plant opened in 1957, and it's on track to build its 40 millionth engine later this year.
Ford claims that the 2.7-liter EcoBoost will offer V8 performance with better efficiency in the F-150. It comes standard with intelligent stop/start that doesn't activate when the truck is towing or in four-wheel drive, and it's made from a combination of compacted graphite iron and aluminum for low weight and high strength. The company says that V6 engines have already proven popular in the F-150 with 57 percent of trucks in 2014 being equipped with either the naturally aspirated 3.7-liter or turbocharged 3.5-liter EcoBoost engines.