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Ford Q3 pretax profits drop to $1.18B

Following positive third quarter financial results recently from General Motors, rival Ford took a tumble in Q3. The automaker posted pre-tax profits of $1.18 billion, compared to about $2.59 billion in Q3 2013, a drop of around 54 percent. Net income also suffered with $835 million made in the quarter, versus $1.272 billion last year, a decline of about 34 percent. The Blue Oval blamed the gloomy figures on three reasons in its release: "lower volume, higher warranty costs and adverse balance sheet exchange effects."
There were problems of one kind or another in practically every region. North America experienced higher warranty costs than expected, partially due to recalls. The sales volume for the quarter was 665,000 units, versus 725,000 in Q3 2013, and pre-tax results amounted to $1.41 billion versus $2.296 billion last year.
South America and Europe both posted worse pre-tax results than last year. On the bright side, European volume was up slightly to 321,000 vehicles, from 303,000 in Q3 2013. The Middle East and Africa also lost $15 million, but that was an improvement compared to the $25 million loss previously experienced in this region.

2015 Ford F-150 spied in the rain

Standing as quite a contrast from the spy shots of the 2015 Ford Mustang we saw earlier today, our spies also sent along these pictures of the next-generation F-150 pickup out testing in its (heavily camouflaged) full prototype body. Much of the new truck's design is hidden under the bulky coveralls, but we expect a lot of its new lines to be inspired by the Atlas concept that debuted at the 2013 Detroit Auto Show.
Perhaps the biggest unknown surrounding the new F-150 is what, exactly, its body will be made of. Earlier reports have suggested that lightweight aluminum materials may be used throughout, offering a serious reduction in weight versus previous models. But Ford engineers will need to be careful, though, as they need to keep a tight rein on costs while preserving class-competitive (if not class-leading) towing and payload capacity.
On the powertrain front, the new F-150 will undoubtedly carry on with EcoBoost engines, and we'd bet on a normally aspirated V8 as well. A diesel option hasn't been confirmed, but we wouldn't be surprised to see one some time in the truck's lifecycle. Mum's the word on when the production F-150 will be revealed, but our best guess is that we'll see it at the 2014 Detroit Auto Show.

2014 Ford F-150 Tremor adds some sport to shake things up

Like most quakes, the 2014 Ford F-150 Tremor caught us by surprise. We weren't expecting Ford to offer up another version of its best-seller so soon before the truck's full redesign, but that's exactly what the company is doing.
While Ford calls the Tremor a "performance truck," the new pickup doesn't play on the same level as the SVT Raptor does on dirt, or even the long-gone SVT Lightning did on pavement. Think of it as a parts bin sport truck that probably does a better job looking the part than acting it. The Tremor utilizes the same twin-turbo, 3.5-liter EcoBoost V6 available across the F-150 lineup, producing 365 horsepower and 420 pound-feet of torque, but matches it with a 4.10 rear axle - the shortest final drive ratio you can get in an F-150 - for the strongest possible acceleration.
The Tremor does do a decent job looking the part. Available only in short-wheelbase, regular cab configuration with your choice of two- or four-wheel drive, it struts around wearing the F-150's FX Appearance Package, flat black accents, 20-inch black wheels, HID headlights and a special exterior graphics package. The Tremor is the only regular cab F-150 with a flow-through center console, which means it also gets a floor-mounted shifter and bucket seats that are covered in black leather with red piping. Some brushed metal accents and steering wheel with red stitching round out the interior upgrades.