1970 Ford F-100 on 2040-cars

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Ford to hack $4k off price of Focus EV amid slow sales

Between slow sales and a hefty price drop for its nearest rival, the Ford Focus Electric may be looking at a pretty substantial price cut. The Detroit News is reporting that Ford will drop the price of the all-electric by about $4,000 to $35,200 to be more competitive with the Nissan Leaf, which received a big price cut for 2013 down to $28,800.
Ford has already admitted to having low expectations for the car's sales and massive rebates were reported earlier in the year, but there is still no official word from Ford on this matter. The company's consumer site still lists the 2014 model's starting price as $39,200. In addition to the Leaf, the Focus Electric will also have to deal with the lower prices of smaller EVs including the Honda Fit EV, Fiat 500e and the Chevrolet Spark EV.

Evo grabs Ford's Fiesta R5 rally car by the scruff

Evo and host Henry Catchpole were thinking of excuses reasons to borrow the bonkers Ford Fiesta R5 rally car for a day or two, when it struck them: the car is street legal. With access to the R5, some of the world's most beautiful driving roads in the English Lake Country nearby, and a handy video crewing hanging around, the plan seemed to write itself.
Based on the resulting video, it was a good plan. Without spoiling the video for you - something we can't really do in text as the best part is listening to the rally car run - Catchpole finds the Fiesta to be sublimely quick and massively satisfying. Even taking the car for a spin on a pseudo rally stage, after leaving the English countryside, does nothing but add to his assessment of the beastly little Ford. Scroll on below to see for yourself, and enjoy the ride.

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.