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2015 Ford F-150 pricing announced, aluminum-bodied truck up just $395

The eagerly anticipated Ford F-150 has had its 2015 pricing announced, adding only a small amount to the pickup's total cost, despite its weight-saving aluminum body. The XL and XLT entry level models only see a $395 boost over the heavier, current-generation, 2014 truck.
The XL starts at $26,615 while the XLT rings up at $31,890. The increase for Lariat is up a similarly negligible $895, to $39,880. Going up the ladder, meanwhile, the leather-intensive King Ranch sees the biggest jump of the F-150 family, with prices increasing $3,515, to $49,460. Finally, picking up the top-end Platinum trim will cost an extra $3,055, with prices starting at $52,155.
The higher prices are being blamed not only on the aluminum bodies, which trim up to 700 pounds of body fat, but on increased levels of standard equipment. While we were expecting a price hike, the fact that the 2015 F-150's volume trims - Ford spokesman Mike Levine told Reuters that the XL and XLT alone cover 70 percent of F-150 sales - have had less than a $400 increase is hugely impressive.

Ford Mustang SVT caught looking fierce on the 'Ring

The next-generation Ford Mustang SVT is one of the most anticipated performance cars of the moment. We've already seen it testing multiple times, but it has always been covered is some very heavy camouflage. However, Ford has just given us our best view yet of the new muscle car. According to our spy photographer, the Mustang was at the Nürburgring for high-speed testing, which meant that the Blue Oval had to remove most of the heavy obfuscation that the SVT has worn previously.
The stylish, more revealing camo makes picking out some of the more interesting details about the SVT rather easy. Starting from the front, there is the big hood scoop to feed cold air to its still mysterious engine. You can also immediately make out the model's new grille and lower front air dam. It has a vertical piece running from the bottom of the hood all the way to the ground. The aggressive styling almost gives the 'Stang the look of two fangs ready to bite down. The hood seam is even taped off here, which shows us its outline.
Around the side, it appears that the front and rear fenders are wider than stock, and the sills are certainly much larger. You can also just make out the SVT's bigger brakes behind its black wheels with a polished lip. Finally, at the rear, things appear mostly stock other than the diffuser that the exhaust outlets nestle into.

Ford Q1 profits dragged down by warranty costs

General Motors isn't the only Detroit automaker posting falling profits in the first quarter. Ford just released its Q1 2014 financial data, and it reported a net income of $989 million, down $622 million from Q1 2013. The drop is partially blamed on higher warranty and recall expenses than the company had anticipated.
Financially, Ford suffered a rough quarter almost across the board. Its pre-tax profit of $1.4 billion was also down $765 million from a year ago. Things were even worse in the North American market where operating profit fell significantly to $1.5 billion, down from $2.392 billion in Q1 2013. However, its global revenue ticked up slightly to $35.9 billion, from $35.6 billion in this period in 2013.
Ford admitted that it spent about $900 million on expenses that it hadn't planned for during this quarter. According to Reuters, the company paid about $400 million in additional warranty and recall costs in North America. The automaker didn't explain why the costs were so much higher than expected. However, in the last three months, Ford has had several recalls, including on the 2001-2004 Escape for rust, Explorer for its steering, Edge for its fuel line and others.