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Ford posts decade-best $2.1B profit in Q1 2013

As 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.

2015 Ford F-150 to get 2.7-liter EcoBoost?

As we prepare for the arrival of the all-new, next-generation Ford F-150, rumors about the new truck are picking up steam. Naturally, many of said rumors aren't just related to the way the truck will look (it's expected to take design cues from the Atlas concept shown above), they're tied to what's going to motivate the Blue Oval mainstay, with Ford's EcoBoost range likely to play an increasingly key role. While we're still expecting the current 3.5-liter, twin-turbocharged V6 to retain its position as a premium alternative to Ford's naturally aspirated V6 and V8, a Canadian automotive news site is proposing that the Dearborn automaker is also preparing a new, more fuel-efficient downsized EcoBoost option.
Autos.ca is reporting that a new, 2.7-liter, twin-turbocharged V6 could find its way into the lighter, aluminum-intensive truck. The new engine supposedly makes use of asymmetrical turbos to generate 320 horsepower and 370 pound-feet of torque - substantially more impressive numbers than the current 3.7-liter base engine's 302 ponies and 278 lb-ft - while offering improved fuel economy and emissions. The new 2.7 EcoBoost (internally dubbed "Nano") isn't expected to supplant the naturally aspirated V6 as the F-150's base engine, it's expected to slot in above directly it.
Naturally, we're prescribing more than a few grains of salt to go with these rumors, at least until Ford debuts the next F-150 at the 2014 Detroit Auto Show, a reveal we'll be covering in a mere two weeks.

How and why Ford is rolling out Vignale in Europe

We know that Ford is positioning the new, upscale Vignale brand in Europe to fill a niche market of customers who want a bit more luxury, a lot more service and the same reliability and dependability that a non-Vignale Ford offers. But so far, we've been in the dark regarding how the Blue Oval will sell Vignale vehicles, how many of them will be created, and what the new sub-brand has in store for the future.
Gaetano Thorel, Ford's European marketing head, recently was interviewed by Automotive News and shared details about Ford Vignale. Thorel says, "The Vignale trim line will be priced like an ST model but attract a completely different type of customer." Specifically, he says it will attract customers in the upper 15 percent of the price band who don't want a performance-oriented ST model. He adds that Vignale cars will be about 10 percent more expensive than Titanium-trim cars. About 500 of Ford's European dealers will sell Vignale Fords, Thorel says, "in areas that make sense." The automaker expects 10 percent of its European sales to be Vignale cars, which equates to about 5 percent of its global sales. When asked if there are any other Vignale models planned beyond the Mondeo, Thorel said, "There is nothing written in stone yet."