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Ford readying 2015 F-150 drift truck for SEMA

Between the Mustangs you'd find in Formula D and the Fiestas in the Global and World rallycross championships, there's no shortage of Ford drift cars on the scene. But at the upcoming SEMA Show in Las Vegas, the Blue Oval automaker intends to show off a different kind of drift machine.
Created in collaboration with driftmeister Vaughn Gittin, Jr., this custom F-150 has been designed for "on- and off-road capabilities, as well as drifting and jumping." It's got a suspension with components from Kibbetech King and Air Lift Performance to give it 12 inches of travel and comes packed with 5 Recaro seats. Other details remain limited, but if the rendering above is anything to go by, it ought to be pretty awesome.
Alongside the Gittin truck, Ford will also be showcasing another F-150 designed together with freestyle motorcross rider Brian Deegan, packing the 3.5-liter EcoBoost engine and a long list of enhancements. Between these two trucks, Ford hopes to extend its winning streak for the Hottest Truck award that it's taken four years running now. Feel free to read more in the press release below.

Ford sued over alleged 3.5-liter EcoBoost defects

Three Ford owners from Ohio have filed a lawsuit against the automaker over defects that they allege exist within the company's twin-turbocharged 3.5-liter V6 EcoBoost engine. Automotive News reports that the lawsuit claims the engine "contained serious latent design, manufacturing, or assembly defects." Those defects, the suit claims, cause the vehicle to shake, misfire and lose power quickly.
Two of the plaintiffs, a married couple, own a 2010 Ford Taurus SHO, and allege they experienced a loss of power and stalling, while the third, an F-150 owner, claims he lost power while accelerating. In addition to the Taurus SHO and F-150, the 3.5-liter V6 EcoBoost engine is also available in the Ford Flex, Explorer Sport and Lincoln MKT and MKS. Other three- and four-cylinder EcoBoost engines are not included in the suit. There have been no recalls associated with 3.5-liter V6 engine, and the National Highway Traffic Safety Administration is currently not investigating the matter.
The plaintiffs, however, claim Ford has known about the problem, citing several technical service bulletins issued to dealers of the F-150 that suggest possible fixes. Ford had no comment for Automotive News, saying that it's yet to review the lawsuit, which was filed last Friday in Columbus, OH.

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.