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Ford rakes in record $2.5b profit during Q1 of 2016

Fears that the auto industry is due for a downturn may be fading. Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 billion and a record profit margin of 9.8 percent. Overall, the company's $2.5 billion profit in the quarter more than doubled from the 2015 quarterly results. "The first quarter was an absolutely terrific start to the year, an all-time record for the company, with very strong performance across the business," said chief executive officer Mark Fields. "We're excited about our future and confident in our ability to deliver long-term growth and profitability as we expand our business model to be both an auto and a mobility company." During the quarter, Ford announced the creation of Ford Smart Mobility, a new subsidiary that would vet future mobility projects in the realm of car-sharing, fractional ownership and autonomous deployment. The company also kicked off a billion-dollar makeover of its Dearborn, Michigan campus and headquarters. The company's after-tax earnings of $0.68 per share trumped Wall Street's expectations, and were significantly up from $0.39 per share a year ago. The results were buoyed by the company's fourth consecutive quarter of growth in Europe, which comes after a long period of stagnant sales. Ford's earnings results come amid reports that April car sales are on pace to jump 4 percent year over year, which would make it the best-selling April in history. Kelley Blue Book projects that car sales will reach 1.51 million this month, placing the industry on track for 17.5 million vehicles sold in 2016. Even as SUV and crossover sales drive the market, analysts say Nissan and Honda are positioned to benefit from renewed interest in mid-size cars. "Following a disappointing March, we expect sales to get back on track in April with SAAR in the mid-17 million range," said Tim Fleming, analyst for Kelley Blue Book. "Increased fleet sales and rising incentive spending among automakers remain the factors to watch, but the retail demand appears to be holding steady, signaling the industry's strong run isn't over quite yet." Related Video: Image Credit: Getty Earnings/Financials Ford Lincoln 5g Connectivity mobility auto industry financial

Ford Mustang EcoBoost has fake engine soundtrack

The 2015 Ford Mustang EcoBoost represents a huge change for the Blue Oval as the first pony car in decades to be available with a four-cylinder engine. But a recent tweet (below) from Road & Track raised our curiosity about the new vehicle. Editor Jason Cammisa pulled a fuse while driving the latest 'Stang with the 2.3-liter EcoBoost engine, and he found that both the stereo and engine went quiet in the cabin. That indicated the coupe might have some form of artificial engine sound being piped in - a feature not previously heavily reported for the model. Autoblog spoke with Ford engineer Shawn Carney who confirmed that only the turbocharged four-cylinder Mustang comes with this system, called Active Noise Control.
@jasoncammisa pulls fuse 27 on 4cyl #2015mustang EcoBoost. Both stereo & engine go quiet. #FakeEngineNoise #busted! pic.twitter.com/WNzQefCbtQ

- Road & Track (@RoadandTrack) September 17, 2014

1969 Ford Talladega GPT Special is a SEMA showstopper

Rad Rides by Troy has unleashed upon the SEMA crowds this custom 1969 Ford Torino Talladega GT Special, and it's a beauty. The car calls to mind the classic Holman Moody stock cars that circled NASCAR tracks in the late 1960's, driven by the likes of Mario Andretti, Dan Gurney and David Pearson, who won the Grand National title in both 1968 and '69 in a Ford Torino.
Even though it has plenty of stock-car influence, there's nothing retro about the car's design or powertrain, other than the fact that the engine is based on a Ford Boss 429 block. Fuel injection, aftermarket aluminum heads and a high-tech custom computer system combine to send 750 reliable ponies to the rear wheels through a Tremec five-speed manual transmission. Brakes measure 14-inches all around, with six-piston Wilwood calipers up front and four-piston units out back.
There's custom bodywork abound, painted in a two-tone Tennessee Whiskey Gold and Daytona Sand finish. Check out all the amazing details in the image gallery below, and scroll down to read all about it in designer Troy Trepanier's own words.