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Ford posts decade-best $2.1B profit in Q1 2013
Wed, 24 Apr 2013As predicted, Ford has reported that its first quarter of 2013 was a resounding success overall, with a pretax profit of $2.1 billion ($0.41 per share), and a net income of $1.6 billion ($0.40 per share). In fact, Ford made a pretax profit of some $2.4 billion in its home North American market, with that total number being pulled down by losses in South America and Europe. That gaudy North American profit is the strongest result by the automaker since 2000.
Ford's companywide profit for Q1 was down $147 million from one year ago, while the net income number marked an increase of $215 million year over year. Overall, this is Ford's 15th-consecutive profitable quarter.
The bad news from the European market was even worst in Q1 2013 than it was last year. Pretax losses of $462 million - on revenue of $6.7 billion - represented a year-over-year change of -$313 million. In South American, the company reported a loss of $218 million, down from a slim profit of $54 million in Q1 2012. The news was better for Ford Asia Pacific Africa, where a $6 million pretax profit in 2013 showed a year-over-year gain of some $101 million when compared to losses in 2012. Scroll down to read Ford's full press release.
Official USPS Muscle Cars stamps coming to a mailbox near you
Thu, 21 Feb 2013As much as our digital lives have cut down on our trips to the post office, there are still times that sending "snail mail" is necessary. With us car lovers in mind and philately in their hearts, the good folks at the United States Postal Service will introduce a new stamp design called "Muscle Cars" starting on February 22.
Designed by artist Tom Fritz, the new collection of stamps consist of five classic muscle cars: 1969 Dodge Charger Daytona, 1970 Chevrolet Chevelle SS, 1967 Shelby GT-500, 1966 Pontiac GTO and 1970 Plymouth Hemi 'Cuda. In addition to just the stamps, the USPS is also commemorating the new series with plenty of collectable memorabilia. Previous car-related stamps include 50s Sporty Cars from 2005 and 50s Fins and Chrome from 2008.
Rowan Atkinson crashes at Goodwood Revival
Sun, 14 Sep 2014To quote Harry Hogge (played by Robert Duvall) in Days of Thunder, "rubbin, son, is racin'." That can mean some unfortunate damage to high-end racing machinery, which may be repaired easily enough in stock car racing, but when it comes to vintage racing, the stakes can be that much higher. And yet incidents do occur, like at this weekend's Goodwood Revival.
Among the many competitors taking part in the retro racing event in England was none other than Rowan Atkinson, the actor perhaps best known for playing Mr. Bean. Driving a classic Ford Falcon Sprint in the Shelby Cup event, Atkinson (pictured above at the 2012 revival) reportedly crashed head-on into another car on track.
According to reports, the two cars up spun out. The driver in between managed to avoid a pile-up, but Atkinson couldn't steer clear and hit the obstructing vehicle. Fortunately Rowan walked away unscathed (and, we imagine, in a humorous manner), but while we don't know how extensive the damage was to the Falcon, it was enough to take it out of the race.