2013 Ford Explorer Sport on 2040-cars

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Quitting Mexico factory helps bring down Ford earnings $200 million in 2016

Ford released its 2016 earnings report this morning, and despite a fourth quarter net loss it proved to be the automaker's second most successful year ever, following record breaking numbers in 2015. Losses for the year come from a number of sources, including accounting changes and a $200 million hit for backing out of the small-car factory in San Luis Potosi, Mexico. Despite the loss, come March 9 about 56,000 UAW-represented employees will receive a $9,000 profit-sharing check. That, like most of Ford's other 2016 metrics, is slightly down from the year before, but it's still the second best profit-sharing payment ever. Total net income was $4.6 billion, down $2.8 billion from 2015. Total revenue for 2016 was $151.8 billion, up $2.2 billion. Ford's earnings report lists a global market share of 7.6 percent, down a tenth from 2015. Ford's European and Asia-Pacific markets posted their best and second best pre-tax profits respectively. The South American, Middle East, and African markets all took hits because of unstable economies and other external factors. Ford expects to have another down year in 2017 as it invests in new and emerging markets and focuses more on its mobility projects.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Ford via Automotive NewsImage Credit: Getty Earnings/Financials Plants/Manufacturing UAW/Unions Ford Lincoln Mexico ford earnings

Mysterious small Ford spied in Germany

Our spy photographers have just popped off a few shots of something curious. This little runabout was spotted in Germany out testing with a current-generation Ford Fiesta. We're fairly confident the machine is a Ford, but exactly which Ford model is up for debate. The hatchback could be the next-generation Ka, but we've also heard that the Blue Oval supermini might not get a replacement. Our shooter says the five-door is a bit smaller than the current Fiesta, though there is a chance that this rig is just an engineering mule for drivetrain development. Then again, it could be a model built specifically for the South African market or China, or not a Ford at all.
Whatever it is and wherever it's headed, you can check out in the gallery for a closer look before heading into Comments to weigh in with your best guess.

Electric SUV comparison, Toyota 4Runner and John DeLorean | Autoblog Podcast #692

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. John recently drove the Ford Mustang Mach-E California Route 1 and Volkswagen ID.4 Pro S back to back, and shares his thoughts from the comparison. Greg has been reacquainting himself with the Toyota 4Runner, and John has been sampling a diesel-powered Cadillac Escalade and doing some soft-roading in his Hyundai Palisade. Greg ruminates on what things would be like if John DeLorean had risen to the top of General Motors. Finally, they talk about Audi's wheelbase-shifting SkySphere electric roadster concept. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #692 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2021 Mustang Mach-E vs. 2021 Volkswagen ID.4 2021 Toyota 4Runner 2021 Cadillac Escalade Diesel 2021 Hyundai Palisade What if John Z. DeLorean ran GM? Audi SkySphere can change its wheelbase at the push of a button Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: