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Ford reports 58% drop in Q2 profits on European losses

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.

Ford turns Navistar from truck business customer to rival

There is a showdown brewing in the medium-duty truck segment next year as Ford prepares to launch its all-new, in-house engineered 2016 F-650 and F-750. It finally marks the end of the Blue Diamond joint venture between Ford and Navistar and, making the two entities direct competitors instead of partners.
Ford announced the end of the joint venture in an investor report in 2011, but it didn't reveal the new F-650 and F-750 until the NTEA Work Truck Show in Indianapolis, IN, in March. Unlike the current, Mexican-built models, the new generation will be built in Avon Lake, OH, starting in mid-2015.
The challenge from Ford comes during a rough patch for Navistar. The company had a $248 million loss in the first quarter, according to The Wall Street Journal, and its medium-duty truck market share is currently down to 26 percent, from 36 percent in 2011. Building the previous-generation Fords brought in about $400 million a year to Navistar, according to the WSJ. To take on its former partner, Navistar plans to offer its International brand of medium-duty vehicles with more engine and transmission options to customers. It even struck a deal with Cummins to put its diesels in some of the models.

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: