1961 Ford Falcon 170 Cid 6 Cyl. 2 Door Automatic. on 2040-cars

Auto blog

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.

2016 Ford Mustang GT bringing back hood turn signals

The 2016 Ford Mustang is being teased again, this time with a short video. And what you're looking at here is a nod back to Mustangs of the 1960s. Ford is bringing back a hood with turn signals in the vents. In 1967, Ford offered an optional hood on the Mustang with two heat extraction vents that faced the windscreen. Inside those vents were amber turn signals, so, you know, drivers could see their own blinkers blinking. A novelty feature, sure, but a nice historical cue that Ford is bringing back for its updated 2016 'Stang. We also know that Ford will offer a California Special pack on the 2016 Mustang GT. Beyond that, we don't expect too many more changes, seeing as how the Mustang was just completely redesigned for 2015. Stay tuned for the full details on Monday, May 11. Related Video:

Ford Focus was best-selling nameplate in 2012

Last August, Ford made a few waves by claiming that the Ford Focus was, at that point, the top-selling car in the world. The automaker failed to account for variations of the Toyota Corolla wearing a different name (such as the Auris and Matrix), however. With official data from Polk coming in now, Ford is able to say that the Focus was, in fact, the best-selling nameplate in the world last year.
Using new-car registrations (which doesn't factor in fleet sales), the Polk data shows that a total of more than one million Focus models around the world. Strong sales in the US and China have led to a 16 percent increase in year-over-year Focus sales from 2011 that helped to create even more of a gap between it and the second-best global seller, the Corolla.
Ford also had the Fiesta and F-Series listed in the top 10 for worldwide nameplates, but what's even more impressive is the fact that the F-Series is only sold in North America. Scroll down to see the list (compiled by Ford using Polk data) of the top global sellers last year and a press release from Ford.