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Ford books $2.6B pretax quarterly profit

While its crosstown competitors at General Motors are smarting over a drastic drop in net income to $200 million in the second quarter, Ford has reason to celebrate. The Blue Oval has announced its own Q2 financial results, including a growing net income of $1.3 billion, a $78 million increase over last year. Pretax profits for the company reached $2.6 billion, up $44 million from 2013, but total revenue dropped slightly to $37.4 billion, down from $37.9 billion. Profits per share before one-time charges totaled 40 cents per share, beating Wall Street analysts' expectations of 36 cents a share.
Regionally, the Blue Oval performed strongly, as well. North America posted a record quarterly pre-tax profit of $2.4 billion, a $119 million increase. Europe also showed signs of turn around with its first profit in three years of $14 million after a loss of $306 million in Q2 2013. Ford is actually predicting profitability in the troubled region in 2015. Asia Pacific operations also performed well with $159 million in profits, up $29 million from last year. The only region where the business posted a loss was South America.
According to Automotive News, Ford also announced more precise plans about the changeover to build the aluminum-intensive 2015 F-150. In August, the Dearborn plant will shutdown for eight weeks to retool and its Kansas City plant will do the same next year.

Ford gets dirty testing the 2017 Raptor

Want to hear the sweet sound of turbochargers spinning merrily away underhood of a 2017 Ford Raptor pickup truck test mule? Of course you do. And we're happy to oblige. Fortunately for you, those aren't the only sounds you'll hear when you watch the video above. We noted plenty of birds and insects, too, which means Ford has finally seen fit to share some good old fashioned muddy off-road footage of its upcoming off-road superstar as it is subjected to rigorous testing ahead of its on-sale date in the fall of 2016. It's no secret that we're big fans of the first generation of the Ford Raptor. If there was one complaint we've voiced about the truck, it's that the off-road-specific pickup could use a touch more power. Fortunately, more power is coming for 2017 as Ford replaces the outgoing 6.2-liter V8 with a new version of its 3.5-liter twin-turbo EcoBoost V6. We don't know exactly how many horses the new truck will corral, but we know it will be more than the 411 horsepower and 434 pound-feet of torque offered by the previous truck. This is the second time Ford has let out some interesting information about its tests of the next Raptor, the first focusing specifically on grueling desert trials. Considering the promises Ford is making about the 2017 Raptor's various off-road capabilities, we're keen to put the pickup through its paces ourselves. For now, though, join us in watching the video above. Related Gallery 2017 Ford SVT Raptor Desert Testing News Source: Ford Ford Truck Off-Road Vehicles Videos ford f-150 svt raptor ford raptor

Ford exec reveals new F-150 Raptor packs 450 horsepower

Between the new GT supercar, Shelby GT350R muscle car and F-150 Raptor off-roader, Ford had quite the array of performance machinery on display at the Detroit Auto Show earlier this month. One thing it didn't reveal about any of the three, however, is how much power they'd pack, but a senior executive at the Blue Oval automaker has reportedly let the cat out of the bag when it comes to the Raptor. During a televised interview during the Rolex 24 at Daytona this past weekend, Ford's product development chief Raj Nair is said to have revealed that the new F-150 Raptor will offer 450 horsepower. That's pretty impressive from a 3.5-liter turbocharged V6, and would put the new Raptor out ahead of the 411 hp produced by the 6.2-liter naturally aspirated V8 in the previous SVT Raptor. That doesn't give us the whole picture, though, because in a vehicle this big especially, torque will play a huge factor. The outgoing Raptor offered 424 pound-feet of twist, and the existing 3.5-liter EcoBoost engine is already producing 420 lb-ft – so it seems fairly safe to assume the new Raptor will eclipse those figures as well, but we'll have to wait for official word to find out for sure. Related Video: