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Ford F-150 production hampered by frame shortage

If anyone has questions about how Ford's new aluminum-bodied F-150 will hold up, it's not buyers. Orders are so strong for the fullsize pickup that competitors General Motors and Ram are discounting their offerings to hold onto market share. It's a shame for the Blue Oval then, that it can't build all the trucks it needs because frame supplier Metalsa isn't delivering enough frames. Neither Ford nor Metalsa has said what the problem is, but Ford employees are at Metalsa's Kentucky plant trying to get it sorted out, Automotive News reports. Overtime shifts at the Dearborn Truck Plant and the Kansas City Assembly Plant have been canceled due to the shortage that's been a problem for at least two months now. The issue is exacerbated by this being the changeover period in production from the old model to the new, which comes with its own issues. That would help explain why even though Dearborn production finished ramping up in January, output in April was down 9.2 percent compared to last year, according to AN. Transaction prices are up for the new truck, but overall F-150 production in Q1 was down 40 percent, and missing product means missing profits. Combined with the production drop for the new Ford Edge, the company's Q1 bottom line was robbed of $1 billion. It isn't clear when the frame issue will be solved, but workers at the plants are ready to run "all-out" when it is. Related Video: News Source: Automotive News - sub. req.Image Credit: Copyright 2015 Drew Phillips / AOL Plants/Manufacturing Ford Truck kansas city assembly plant

Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

Ford Fusion spied in souped-up ST trim

Ford produces a wide array of performance machinery, but it's traditionally reserved the letters ST for hot hatches like the Fiesta ST and Focus ST. That changes with the vehicle you see here: the heavily camouflaged Fusion ST. This prototype is wearing bigger wheels and tires, upgraded brake rotors and calipers, enhanced bodywork, and quad exhaust tips – all the telltale signs of something more potent and capable. The performance version of Dearborn's midsize sedan is tipped to pack a version of the company's 2.7-liter EcoBoost V6. That's anticipated to channel upwards of 300 horsepower to all four-wheels through a six-speed automatic transmission, but we can hold out hope that maybe, just maybe, Ford will offer a three-pedal manual. One way or another, the Fusion ST will make a worthy successor (and then some) to the old Contour SVT. That model was offered in the late 1990s with a naturally aspired 2.5-liter Duratec V6 packing 202 horsepower, which may have been solid by yesterday's standards, but promises to be left in the dust by this new model. Look for the Fusion ST to accompany the facelifted Fusion sedan early next year. Enthusiastic customers in other markets can also hope for a Mondeo ST to be offered overseas as well. Related Video: