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Ford posts record pre-tax Q3 profit of $2.6B

Ford took in $2.6 billion in pre-tax profits in the third quarter of the year, making for a record trio of months that saw the Blue Oval's year-over-year earnings increase by $426 million. The earnings are being attributed not just to improvements in North American sales, but sales around the globe.
Revenue was up 12 percent, to $36 billion, although net income took a hit, dropping $359 million to $1.3 billion. Ford was dinged with $498 million in pre-tax charges, which are being blamed for the drop in net income.
The news has boosted Ford's hopes for full-year results, bumping it's total profits up past $8 billion, according to Automotive News. The Dearborn, MI-based manufacturer is still expecting a loss in Europe, although it's forecasted less than the $1.73 billion it burned in 2012. In fact, according to CFO Bob Shanks, Ford's European losses dropped by 51 percent year-over year, a huge improvement for the brand.

Top Gear season 25 opens with a V8 roadtrip through America

Great news for fans of BBC Top Gear: the first episode of season 25 is here. Viewers of BBC America will catch the season opener on March 3, and for the American audience this episode is definitely suitable watching. The episode has been dedicated to V8 sportscars almost in its entirety, as it's been wrapped around a Western roadtrip with a motorsport bias. The three hosts get to choose three V8 sports cars, with the basic idea of finding the best all-rounder. Matt LeBlanc goes for a Hennessey-tuned GT350R, Rory Reid chooses a Jaguar F-Type SVR, and Chris Harris shakes up the pack by selecting a McLaren 570GT. It's a nicely varied trio, with V8 power still showing what it's good for. There are various challenges along the way, just like there should be on a Top Gear roadtrip episode – even if the road surface itself isn't always ideal. But things smoothen out, all the way to a NASCAR oval and an airport runway; the flooded Bonneville salt flats aren't suitable for shenanigans, so substitutes have to be found. The trio also hit dirt roads, and have to evade a buggy-driving Ken Block during a "moonshine run to the border." Fans of Sabine Schmitz will be pleased to find her piloting a chain car racer, which consists of two American junk cars with a Honda CRX chained in the middle. It must make sense to someone. The Star In A Reasonably Priced Car segment has been retained for this season. This time it's the British actor Rob Brydon driving the Toyota GT86, on a very wet lap around the show's Dunsfold Aerodrome track that must be a cult classic by now. All in all, the season 25 opener is exactly what it says on the tin. There's nothing out of the ordinary, but it still has excellent cinematography, V8 roar and some nice landscapes. Classic Top Gear. Cowboy duels, Sabine Schmitz chain car racing, @RobBrydon, a @kblock43 car chase and #TheStig The latest episode of #TopGear is available on @BBCiPlayer now. Outside the UK? See local listings here: https://t.co/HPPhbUErDu pic.twitter.com/87F53C8oYb — Top Gear (@BBC_TopGear) February 26, 2018 Related Video:

Ford reveals new Galaxy van for Europe [w/video]

Here in its home market, Ford may be focusing more on crossovers, but overseas, minivans are still playing a crucial roll for global automakers. So while the Aerostar, Windstar and Freestar may have given way to the Flex and Edge, over in Europe, the Blue Oval automaker has revealed the all-new fourth-generation Galaxy. Following up on the MPV initially launched in 1995, replaced in 2000 and again in 2006, the new Galaxy features updated styling and equipment to position itself as the luxury counterpart to the sportier S-Max that just relaunched last year. Behind the Aston-style grille that's been finding its way onto just about every new passenger car Ford makes is a range of updated engine options, including two EcoBoost gasoline engines (a 1.5-liter unit with 158 horsepower or a 2.0 with 237) and a 2.0-liter turbo diesel available in states of tune ranging from 118 hp all the way up to 207. The flexible seven-seat cabin features a flat load floor, seats that stow and even deploy at the push of a button and an available full-length retractable panoramic sunroof. The new integral link rear suspension promises a smooth ride, with an available self-leveling feature just one of the many convenience and safety systems integrated into Ford's new European family hauler – the full extent of which you can read in the press release below. On your way down, you may want to check out the stunt which Ford staged with illusionist Darcy Oake to launch the new Galaxy. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.