1940 Ford Deluxe on 2040-cars

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Chip Ganassi Racing switches to the Ford EcoBoost-powered Riley Daytona Prototype

Chip Ganassi Racing with Felix Sabates (CGRFS) announced yesterday at Ford's SEMA press conference that it will field a Ford-Riley Daytona Prototype with the 3.5-liter EcoBoost V6 in the 2014 United SportsCar Championship (USCC). CGRFS is the second team to commit to the new Ford-Riley car, behind Michael Shank Racing (which has already used the racecar to break a 26-year-old top-speed record at Daytona International Speedway).
"Over the last 10 seasons we have been able to experience a great deal of success in Grand-Am," Chip Ganassi says, "and now with the dawn of the new United SportsCar Championship we feel that Ford power will be a key ingredient to writing the next chapter of our sports car program."
In the last Grand-Am season, CGRFS raced a BMW-Riley Daytona Prototype. The team has won seven Daytona Prototype championships, all in the past ten years. Scott Pruett and Memo Rojas return as the team's prototype co-drivers, and will attend their maiden race in the Ford-Riley at the Rolex 24 at Daytona in January.

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.

Ford spills SEMA all over its Expeditions

If you're going to this year's SEMA Show in Las Vegas, it's going to be tough to miss the Ford booth, simply for its size. The Blue Oval is bringing over a dozen customized examples of the 2015 Mustang and a quintet of modded Transits. The latest announced addition is a trio of upgraded 2015 Expeditions showing different takes on the recently refreshed SUV.
Any vehicle tuned by Dub Magazine needs to ride on massive wheels, and the Expedition (pictured above) that it has for SEMA is no exception. The SUV has 26-inch Dropstars wheels wrapped in Pirelli tires, and, making them look even larger, the suspension is also lowered. The rest of the custom has some mild upgrades like mesh grilles in front, tinted windows, an integrated radar detector and new upholstery inside.
Tijn wants to boost the performance of the 3.5-liter EcoBoost V6 for its take on the Expedition. The company claims to add 40 horsepower to bring total output to a claimed 405 by upgrading the engine with a charge cooler from Vortech Engineering, a custom side exhaust and a custom tune. To match the extra grunt, the SUV also gets bigger brakes, an Air Lift suspension and 24-inch, copper-colored wheels with custom fender flares.