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Ford reports 58% drop in Q2 profits on European losses
Wed, 25 Jul 2012
Ford Motor Company announced Wednesday that it has posted a $1 billion profit for the second quarter of 2012. That sounds like good news for the Blue Oval, until you take into account that Ford posted a $2.4 billion profit for Q2 a year ago. That is a substantial 58 percent loss.
Ford also posted $465 million in international losses, with $404 million of those losses coming directly from Europe. The automaker also increased its European loss projections to $1 billion for 2012, due in large part to the economic crisis overseas, which has resulted in increased unemployment and decreased consumer confidence.
Ken Block hoons his Ford F-150 RaptorTrax on the slopes
Wed, 08 Oct 2014Ken Block drives Fords. Hoons the heck out of 'em, actually. Mostly Fiestas, but also the occasional Focus or Mustang. But earlier this year, the Gymkhana guru revealed his baddest Ford yet: an F-150 SVT Raptor on tracks. And true to form, here he is putting it to the test in the latest video from Monster Energy and Hoonigan Racing.
Filmed at Baldface Lodge in Nelson, BC, the video pairs Block up with snowboarders Zak Hale and Ethan Deiss for some deep-powder action. You'll want to watch the video for yourself, but the bottom line is that the RaptorTrax beats the heck out of waiting on line for the ski lift. It's enough to make us start to look forward to winter... almost.
Ford recalling 850,000 cars and SUVs for airbag issues
Fri, 26 Sep 2014Ford has announced a major recall of 850,000 vehicles from model years 2013 and 2014 due to a problem with the "restraints control module."
According to Ford, a short circuit could develop in the module, causing the airbag warning light to illuminate. In more severe cases, dependent on where the short develops, the airbags and seatbelt pre-tensioners may not work in the event of an accident. The problems can be more wide-ranging than that, too, as systems that rely on information from the control module, such as the stability control can be affected.
With 850,000 vehicles affected, it's no surprise that some of Ford's volume leaders are covered. That includes the Fusion and Lincoln MKZ sedans, as well as the incredibly recall-prone Escape and the C-Max MPV.