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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.

Ford Fiesta ST GRC Racecar is hungry for podiums in 2013

As we reported earlier, the Chicago showing of this plucky Ford Fiesta ST GRC racer points to bigger and brighter days for Global RallyCross. For the upcoming season, you can expect to see Ken Block and Tanner Foust both driving the Ford racecar, and if last season's results are any indication, you can anticipate quite a few podium appearances, as well.
The Fiesta seen here was built by the Swedes at OlsbergsMSE, and will be driven in anger by Foust in 2013. Modifications are, as you'd expect, extensive, and include an engine, exhaust and braking upgrades, a racing style short-throw shifter and a limited-slip differential. As you can see, the car has been fully stripped out and caged for maximum speed and safety, too.
Refresh your memories with the details of the car, in the press releases below. And if you head out to the Chicago Auto Show this year, don't forget to drop by the Ford stand to have a look.

TX officer allegedly lets 140-mph street racer go with a warning [w/poll]

Being pulled over by the police is one of the most nerve-racking situations that a driver can go through, and it's even worse when you know that the officer has you dead to rights for speeding well over the posted limit. In this video, the driver of a heavily modified Ford Mustang with a claimed 966 horsepower at the rear wheels could have easily lost his ride for doing triple-digit speeds and street racing, but a friendly Texas police officer appears to send him on his way with a simple warning.
What's more, the driver in question wasn't just speeding - his Mustang was the camera car for a bunch of rolling street races in the wee hours of the morning on a Texas highway. The driver was more than willing to mix it up in the action, too. Eventually the cops catch on and pick the 'Stang to pull over, but not before the Ford owner runs a claimed 140 mph. With only audio to go on after the car is pulled over, the police officer seems incredibly nonchalant about catching someone who was so brazenly breaking the law. Incredibly, the patrolman actually tells the driver that he's seen everyone racing tonight but ignored them. With traffic picking up, the cop says that it's time to "cut it out" and go home for the night. As far as this video shows, that was the end of it.
Warning: There is explicit, not-safe-for-work language in the video below.