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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 recalls 277,000 Super Duty trucks over foggy rear-view camera

Ford has issued a recall that applies to around 277,000 units of the Super Duty pickup built between the 2017 and 2020 model years. The campaign also includes about 13,000 units of the Lincoln Continental, and it aims to fix an issue that makes the rear-view camera foggy. Assigned recall number 22V-644 by the National Highway Traffic Safety Administration (NHTSA), the recall includes 139,131 units of the F-250, 109,960 units of the F-350, 14,830 units of the F-450, and 13,119 units of the Continental. The affected trucks are all fitted with the Ultimate Trailer Tow Camera system and were built between November 12, 2015, and March 10, 2020, while the affected Lincoln models are equipped with the 360-degree camera and were made from November 30, 2015 to March 10, 2020.  Ford explains "degradation of the coating on an internal rear-view camera lens can lead to a progressively foggy or cloudy image." It adds ultraviolet radiation causes the problem and that this issue increases the risk of an accident, though it's not aware of accidents or injuries. Owners of affected cars and trucks who have already paid to get the issue fixed have until September 30, 2022, to ask Ford for a refund. The company will begin notifying customers about the recall by mail on September 12, 2022, and it will ask them to take their vehicle to the nearest authorized dealer to get the rear-view camera replaced free of charge. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Restoring Headlights | Autoblog Details | Complete Detail Bonus

Here's our best look yet at the production Lincoln Continental

The team at Lincoln continues to strip off camouflage from the Continental in each new round of spy shots, and the latest set presents a luxury sedan that looks nearly ready for a debut at the Detroit Auto Show in January. This one doesn't even need a tow truck to get around. The production Continental takes the handsome concept's design and translates its cues to the road with tiny alterations. The rectangular, mesh grille doesn't shine with chrome on this one, but that would be an easy addition for the Detroit show. The LED headlights look nearly the same with running lights that sweep upward at the corners. The bottom of the lower fascia sees the biggest tweak the company drops the thick chrome strip in favor of a thinner lip. Lincoln doesn't put any camo on the pillars, so these shots provide a great view of the roofline in profile. Look carefully along the beltline and you can spot where the designers incorporated the high-mounted door handles from the concept. This minor styling touch greatly helps to clean up the lines along the side. The rear sees bigger changes from the concept. For example, these undisguised taillights share the same shape but now have more visible red in them. The production version also wears a fairly simple integrated exhaust rather than the more complicated design before. The Continental will reportedly be available with the Lincoln-exclusive 3.0-liter EcoBoost and front- or all-wheel drive. Unlike the MKS that it will replace, the model's production will likely occur at the Flat Rock, MI, factory. Related Video: