2002 Ford Excursion Limited Power Stroke Diesel Sport Utility 4wd on 2040-cars

Auto blog

Ford shareholders happy as the Blue Oval stays in the black

Ford posted slightly falling global sales and revenue in its first-quarter financial announcement, but pre-tax profits and operating margins were up. Apparently, that was plenty to keep shareholders happy, though. The Blue Oval's recent investor meeting in Delaware lasted less than an hour, and a vote on the approval of the board passed by over 93 percent. Ford CEO Mark Fields continued to predict a strong year financially and increasing profits, according to the Detroit Free Press. The growth comes thanks in large part to the company's 24 global vehicle launches last year and 15 more this year. The likelihood of significant profits from the strong-selling 2015 F-150 should be especially lucrative, too. In the Q1 announcement, the Blue Oval forecast pre-tax profits between $8.5 billion and $9.5 billion for 2015. During the meeting, Fields said that the next 15 years of changes in the industry represent the "ultimate opportunity as a company. As big as when Henry Ford put the world on wheels more than 100 years ago," according to the Free Press. Investments like the expanded technology center in Silicon Valley should push that work along. Related Video:

Forza Motorsport 6 shows off the Ford GT's active rear spoiler

We knew that among the many technical treats provided by the Ford GT is an active rear wing, and we knew that the domestic exotic is going to grace the cover of Forza Motorsport 6. What we didn't know is how that rear wing looked when deployed, and thanks to Forza, now we do. If the driving game is being its usual model of accuracy, then the GT wing is no joke - everyone will know when you mean business. We've seen this kind of setup on the Bugatti Veyron and, more subtly, on the McLaren P1. Like those two examples, the GT flap automatically changes its angle in different conditions, such as under braking. When Ford gave us a tour of the GT interior we noticed a lot of buttons, now we're wondering if any of them allow the driver to deploy the wing at will. There is a button marked "aero," but no associated graphic to explain what it's for. The AR12 Gaming host of the video above isn't there for the GT, though - he's responding to audience requests for 60-frames-per-second gameplay footage in Forza, and to see how the tire smoke looks while drifting. But his stop-and-go drifting efforts give us plenty of footage of the wing in action, so check it out.

Watch live as Mark Fields is officially named Ford's next CEO

We've heard rumblings of a changing of the guard at Ford, and this live stream from The Blue Oval itself is set to confirm the rumors: Alan Mulally will be succeeded by the automaker's current Chief Operating Officer, Mark Fields.
Mulally, who is 68 years old, has served at the head of Ford for eight years, and his official retirement date will be July 1st, 2014. Fields, who is 53 this year, has been with Ford for 25 years and has been groomed to take the helm from Mulally for the last several of those years.
There's an official press release that you can read, but if you're more of a visual person, you're welcome to watch the live video feed of the announcement down below.