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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.

Ken Block and friends race light in silly-beautiful Castrol commercial

How does one make fast, loud, drifting cars better? Well, you can add more fast, loud, drifting cars or you can add lasers. Either or, really. In this case, Castrol did the right thing and added both, creating a highly stylized commercial for its Edge Titanium motor oil starring South African racer Adrian Zaugg, BMW factory driver Augusto Farfus, Audi DTM and Le Mans staple Mike Rockenfeller and some bloke named Ken Block.
Their cars? No surprise, but Block is in his Ford Fiesta GRC, while Zaugg samples a Lamborghini Aventador and Farfus and Rockenfeller drive along party lines, with a BMW M4 and an Audi R8, respectively. And those cars look good, too, thanks to the creative light and laser work on display.
Take a look below for the video from Castrol.

2014 Ford Transit Connect Taxi hopes to fare thee well

New York City may have selected its taxi of tomorrow, but there are still plenty of municipalities across the US with citizens that depend on yellow livery cars to get them across town in a jiffy. That's why Ford is going ahead with this, the new Transit Connect Taxi.
Based on the 2014 Transit Connect, the TC Taxi boasts a number of features designed to make the compact van appeal to discerning taxi drivers and their fares, with the most notable upgrade being a standardized prep package to convert the 2.5-liter four to run on liquefied petroleum or compressed natural gas. The clean-burning fuel options will allow operators to save on fuel costs and cut down on pollution without sacrificing performance.
A lower load floor and a new twist-beam rear suspension are meant to improve the riding experience for passengers, while the longer 2014 Transit Connect sports extra cargo space as well. In addition to the CNG/LPG conversion, the Transit Connect Taxi can also be easily modified for wheelchair access. Drivers, meanwhile, will have access to optional goodies like Sync with MyFord Touch and a rear-view camera.