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Ford books $2.6B pretax quarterly profit

While its crosstown competitors at General Motors are smarting over a drastic drop in net income to $200 million in the second quarter, Ford has reason to celebrate. The Blue Oval has announced its own Q2 financial results, including a growing net income of $1.3 billion, a $78 million increase over last year. Pretax profits for the company reached $2.6 billion, up $44 million from 2013, but total revenue dropped slightly to $37.4 billion, down from $37.9 billion. Profits per share before one-time charges totaled 40 cents per share, beating Wall Street analysts' expectations of 36 cents a share.
Regionally, the Blue Oval performed strongly, as well. North America posted a record quarterly pre-tax profit of $2.4 billion, a $119 million increase. Europe also showed signs of turn around with its first profit in three years of $14 million after a loss of $306 million in Q2 2013. Ford is actually predicting profitability in the troubled region in 2015. Asia Pacific operations also performed well with $159 million in profits, up $29 million from last year. The only region where the business posted a loss was South America.
According to Automotive News, Ford also announced more precise plans about the changeover to build the aluminum-intensive 2015 F-150. In August, the Dearborn plant will shutdown for eight weeks to retool and its Kansas City plant will do the same next year.

Nuclear-powered concept cars from the Atomic Age

In the 1950s and early 60s, the dawn of nuclear power was supposed to lead to a limitless consumer culture, a world of flying cars and autonomous kitchens all powered by clean energy. In Europe, it offered the then-limping continent a cheap, inexhaustible supply of power after years of rationing and infrastructure damage brought on by two World Wars.
The development of nuclear-powered submarines and ships during the 1940s and 50s led car designers to begin conceptualizing atomic vehicles. Fueled by a consistent reaction, these cars would theoretically produce no harmful byproducts and rarely need to refuel. Combining these vehicles with the new interstate system presented amazing potential for American mobility.
But the fantasy soon faded. There were just too many problems with the realities of nuclear power. For starters, the powerplant would be too small to attain a reaction unless the car contained weapons-grade atomic materials. Doing so would mean every fender-bender could result in a minor nuclear holocaust. Additionally, many of the designers assumed a lightweight shielding material or even forcefields would eventually be invented (they still haven't) to protect passengers from harmful radiation. Analyses of the atomic car concept at the time determined that a 50-ton lead barrier would be necessary to prevent exposure.

Ring Brothers shows 1965-66 Mustang fastback carbon fiber body

We covered one of Ring Brothers' more extreme SEMA builds yesterday, the De Tomaso Pantera-based ADRNLN, but if that well-executed but over-the-top Italian-American exotic is too much for you, then perhaps this Ring Brothers 1965 Ford Mustang fastback with a carbon-fiber body suits your tastes better.
What the performance-parts manufacturer is showcasing with the Mustang is the carbon-fiber body itself, which is fashioned around the 1965-66 fastback. It can be bought from the company and bonded to the skin and unibody as a do-it-yourself project, or you can take your Mustang to Ring Brothers and have the body installed there. The fenders, doors and quarter panels are two-inches wider than stock, and Ring Brothers offers a custom widebody chassis to those who want the complete package.
The show car looks sharp in person lowered on HRE wheels, and we appreciate the bare front end so we can see the supercharged V8 and front coilover suspension, though the details on those performance upgrades are slim. Also note the custom independent rear suspension setup at the rear.