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Auto blog
Ford shares falling on news of lower-than-expected profits next year
Wed, 18 Dec 2013Ford has released projections for its 2013 profits, along with predictions of its 2014 earnings, and the news has forced the company's stock to stumble, falling over seven percent as of this writing. The Blue Oval is expecting earnings of $8.34 billion for 2013, although the bulk of that is coming largely from its North American operations, as troubles abroad continue to take a toll.
Calling 2013 an "outstanding" year, Ford expects its revenue to be up about 10 percent, thanks to gains in market share everywhere but Europe. But it's 2014 predictions that are causing stock prices to fall, as the Dearborn-based manufacturer expects pre-tax profits to fall to $7 to $8 billion, because of troubles in both Europe and South America, according to a report from Reuters. This is despite an expansion plan that will see it open an additional factory in the southern hemisphere, as well as two plants in China, all in a bid to launch 23 new or refreshed products next year.
The issues in South America aren't so much related to a fall in sales - Ford expects improved profits in Brazil and Argentina - but because of currency devaluations in Venezuela that are projected to cost it around $350 million. While that would still allow it to break even with 2013, Ford cites continued economic risks that could push losses even higher.
Next Ford Raptor spotted wearing aluminum skin
Wed, 07 May 2014Well, look at what we have here. Judging from these spy shots, Ford is indeed working on the next generation of its off-road-ready F-150 Raptor pickup truck. We've made no attempt to hide our appreciation for the Baja-style truck, which combines most of the usability of a fullsize truck with heavy-duty suspension components to make a kind of performance vehicle that is unique in the market.
What we haven't known, until now, is whether Ford would push forward with its Raptor program now that it has a completely new F-150 to serve as its base. And that's especially true since Ford made the bold move of switching the bodywork of its best-seller from tried-and-true steel to aluminum. As you can see above, the front and rear of this silver truck are clad in current-gen Raptor bodywork, while the center section that houses the occupants appears to come from the upcoming 2015 F-150.
Dissecting the views above, we note a few interesting tidbits. First, there looks to be a bulge in the truck's hood. Second, we see a new grille between the current Raptor's headlights, sporting a mesh finish and two horizontal bars. Lastly, our eyes can't help but lock in on those burly A-arm suspension pieces down below, not to mention all that ground clearance the specialty suspenders bring to the table.
Ford gives police chiefs tech to surveil officers in their own cars
Tue, 28 Oct 2014Police officers certainly have a difficult job in keeping the streets safe, but as public employees in positions of authority, there is still a very real need for oversight. To that end, Ford is partnering with a tech company to offer a new system called Ford Telematics for Law Enforcement on its line of Police Interceptor patrol vehicles that could make cops safer, while giving cities a better idea of what its officers are doing.
The system streams live data about cruisers back to the home base to people like the police chief or shift supervisor. That info includes expected things like speed, location and cornering acceleration, but it gets incredibly granular as well, with records of things like if emergency lights are on, or even if an officer is wearing a seatbelt.
Ford Telematics for Law Enforcement "ought to protect officers as much as it protects the public," said Ford spokesperson Chris Terry to Autoblog. Constantly monitoring patrol cars offers cities a lot of advantages, too. First, it reduces potential liability because a department can prove where each vehicle is at all times. Also, officers know they are being watched and may potentially drive more safely.