2012 Suv Used Gas I4 2.5l/152 Fwd Silver on 2040-cars

Auto blog

Ford shares falling on news of lower-than-expected profits next year

Ford 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.

Ford gets out of car subscriptions, sells Canvas to rival Fair

Ford says it’s selling its Canvas subscription service to competitor Fair, getting out of the subscription game after less than three years. Terms of the deal were not announced. Ford acquired Canvas in 2016 as a wholly-owned subsidiary based in San Francisco as a service to pilot subscriptions to Ford and Lincoln vehicles, eventually rolling out to Los Angeles and Dallas. The company said it had amassed around 3,800 subscribers in that time, who will have the opportunity to join Fair when their current subscriptions end and will receive more information from both subscription companies. But that number pales in comparison with Santa Monica, California-based Fair, which claims more than 45,000 subscriptions in 30 markets since launching in 2017. Ford was always fairly quiet about Canvas, and Automotive News last year reported that Lincoln executives expressed surprise over soft demand, saying that subscribers were looking for short-term solutions and often dropped out after just a few months. Ford is also in cost-cutting mode under CEO Jim HackettÂ’s $11 billion restructuring plan. The Blue Oval joins Cadillac, which put its $1,800-a-month Book By Cadillac subscription service on ice late last year, citing higher costs and fewer customers than expected. Cadillac has pledged to eventually relaunch the service as a pilot in select cities, but mumÂ’s been the word since. More recently, VolvoÂ’s Care by Volvo subscription service has come under scrutiny from dealers and an investigation from the California Department of Motor Vehicles and has made changes to its program. Thought it also has added the XC60, XC90 and V60 to the list of available vehicles. Fair touts itself as a “commitment-free” solution, with all-inclusive plans covering 24-7 roadside assistance, routine maintenance, insurance and other perks. It uses a mobile app to get customers prequalified, and it analyzes their eligibility and targets an affordable range of monthly payments. Customers then shop for cars and sign up for one via an initial payment that ranges by vehicle type, with the ability to keep the cars as long as they want and drop the service at any time. It peddles used cars from more than 30 different brands, none more than six years old or with more than 70,000 miles on the odometer. Fair on Tuesday announced it has raised $500 million in loans from a group of creditors, including Mizuho Bank and Japan's SoftBank, as it looks to expand its leasing services to Uber drivers.

2016 Ford Focus RS to start at $35,730? [UPDATE]

UPDATE: Unsurprisingly, Ford declined to comment on the pricing shown on the consumer page, with spokesman Aaron Miller telling Autoblog that the Blue Oval does "not comment on pricing speculation." The webpage showing the $35,730 figure has since been pulled down. We love it when automakers make little, tiny mistakes. You know, not the big stuff that leads to recalls, but the small things, like accidentally releasing pricing of a hotly anticipated model via its US consumer website. Such a thing has apparently happened to Ford, as Jalopnik's Car Buying sub-blog has uncovered a page on the site listing the starting price of the 2016 Focus RS. The cost of entry for the 345-horsepower, all-wheel-drive, torque-vectoring hot hatchback is $35,730, according to the website. That's $1,035 more than the base Subaru WRX STI, although it's $865 less than the Volkswagen Golf R. Considering the RS outguns both models by a very significant margin – 40 horsepower over the STI and 47 over the Golf R – that price seems very agreeable. If it's correct, that is. Aside from showing the RS' starting price, the page also gives us a glimpse into the options sheet. There's an RS2 equipment level that adds $2,795 to the base price along with navigation and leather Recaro seats, an $895 sunroof, and a 19-inch wheel and Michelin Pilot Sport Cup tire package for $1,990 (or just $1,395 for the 19s alone). Some fiddling with the quite incomplete configurator – there are no images and the overall design is rather glitchy – revealed a max price of $42,275. We've reached out to Ford for confirmation of the pricing information displayed. Head into Comments and let us know what you think of the pricing. Has Ford hit it out of the park by slotting in a more powerful competitor between the Subaru and Volkswagen? Were you expecting a higher price (like your author), or is this still too much money for a jumped-up Focus? Related Video: