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Ford nets $5.7B in 2012, $1.6B in fourth quarter

Ford brought in $5.7 billion in net income during 2012, which is around $307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning $1.7 billion in the fourth quarter thanks largely to a higher-than-average truck mix in the US. That's a jump of $577 million over 2011. Likewise, that translated into fourth quarter income of $1.6 billion. All told, Ford set a full-year pre-tax profit record in 2012. But that doesn't necessarily mean everything is rosy in the land of the Blue Oval.
Like every other manufacturer, 2012 saw Ford get hammered in the European Union, where a deep economic recession continues to drive down consumer confidence. The automaker lost more than $700 million in Europe, and saw full revenue of $26.6 billion in 2012. That's a decline of $7.2 billion compared to last yea. Ford says the market for new vehicles in Europe has contracted to 13.5 million units, the lowest number in 17 years. You can read the full press release below for more information.

Ford EcoBoost smashes records at Daytona

Some mighty machines have lapped the banks of the Daytona International Speedway over the years: thunderous V8-powered stock cars, Le Mans-conquering Group C prototypes, open-wheel Champ Cars, knee-dragging superbikes... heck, the infield lake has even hosted powerboat racing. But this - this is the fastest car ever to lap the legendary raceway.
What you're looking at is the new Daytona Prototype being prepared by Riley Technologies for the new United SportsCar Championship. The car, released just last week, is powered by a new 3.5-liter turbocharged V6 from Ford's EcoBoost family, and just obliterated the top speed at the track with a blistering 222.971 miles per hour through the traps.
That's enough to annihilate the previous record that was set, also under Ford power, by Bill Elliott while placing his Thunderbird on pole for the 1987 Daytona 500 that he would go on to win. His 210.364 mph record had stood for 26 years until now.

2015 Hennessey Ford Mustang hits 207.9 mph

After hitting over 195 miles per hour a few months ago, John Hennessey was barely out of his personal HPE700 Mustang before he said that 200 mph was achievable. Don't doubt a man who knows a ton about taking cars to insane speeds. With the new HPE750 Mustang, he and his customers can finally surpass the 200-mph mark in their cars. "If at first you don't succeed, just add more horsepower and rpm and try again," Hennessey said in the company's announcement. Rather than the 717 horsepower and 632 pound-feet of torque from the supercharged 5.0-liter V8 in the HPE700, the HPE750 ratchets the same powertrain up to an even more potent 774 hp and 648 lb-ft. In a real show of confidence, the Hennessey team brought along Jay Leno when it returned to the Continental Tire Proving Grounds in Uvalde, TX, to set a new top speed with the HPE750. The upgrades to the Mustang definitely paid off because the pony car reached a GPS-verified 207.9 miles per hour down the straight. The run will eventually appear on a segment on the upcoming Jay Leno's Garage TV show that will air CNBC. Prices for the HPE750 start at $59,500 USD, including the base 2015 Mustang GT, but building an exact replica of this one would cost $69,374, according to Hennessey. In addition to the huge top speed, the company claims that the coupe can reach 60 mph in 3.4 seconds and cover the quarter mile in 10.9 seconds. 774 HP Hennessey Mustang Tested to 207.9 mph Jay Leno visits Texas tuner for upcoming TV series on CNBC June 2, 2015 Uvalde, Texas—On Wednesday, May 27, 2015, professional driver, Brian Smith, drove the Hennessey HPE750 Supercharged Mustang to a top speed of 207.9 mph. In the process, Hennessey's potent pony car became the first 2015 Mustang to break the 200 mph mark. Jay Leno was on hand to witness the record speed while filming an upcoming episode of Jay Leno's Garage, which will air on CNBC later this year. The run was made on the 8.5 mile high speed oval at the Continental Tire Proving Grounds located in Uvalde, Texas – the same test track where John Hennessey test drove the company's HPE700 Mustang to a top speed of 195 mph back in February of this year. During both tests, speeds were validated with Racelogic's VBox 3i GPS data logging system. "If at first you don't succeed, just add more horsepower and rpm and try again," said company founder and president, John Hennessey.