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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.

2015 Ford Shelby GT350, GT350R Mustang option pricing leaked [UPDATE]

UPDATE: Ford wasn't willing to elaborate on Mustang6G's pricing report, with spokesperson Said Deep simply saying, "We haven't announced pricing at this time." The limited availability of the new 2015 GT350 and GT350R isn't the only Ford Mustang news today, as a leaked report by Mustang6G has shined a light on the cost of the optional equipment we first reported on way back in January. First, we have the standard GT350. As we reported earlier, only 50 cars will get the $7,500-Tech Package, which includes magnetic ride control, navigation with Sync 3, dual-zone climate control, and heated, air-conditioned, leather-upholstered, and powered seats. The other 50 standard models will get the $6,500-Track Package. You'll still get magnetic ride control, selectable driving modes and enhanced cooling systems for the engine oil, trans and diff. Stand-alone navigation is $795, a black roof is $695, stripes are $475, and as with the standard Mustang, Triple Yellow Clearcoat paint is $495. Fancy one of the just 37 GT350Rs? You'll pony up (pun intended) an extra $3,500 on top of the price of a GT350. From there, Mustang6G cites a $3,000-SVT Touring Package, which we think references the Electronics Package (navigation, Sync 3, and dual-zone climate control). Outside of those two items, the GT350R's only additional options include a black roof, stand-alone nav, and stripes, all of which carry the same price as the standard car. Like our report earlier today, these prices appear to only be for the 2015 model. While production outputs for the 2016 will probably increase, we can't be sure whether these prices be carried over, as well. Mustang6G claims it will have a starting price "very soon," which we'll naturally bring you as soon as it's published. We've also reached out to Ford to confirm this report as well as get any info on the GT350's starting price. Stay tuned. Related Video:

What next for Alan Mulally?

Alan Mulally has emerged as a hero when it comes to American manufacturing. He came to Ford in 2006 after serving as head of Boeing's commercial aircraft division, streamlined operations, sold off the costly elements of its Premier Automotive Group and saved Ford from having to be bailed out by the federal government like its cross-town rivals Chrysler and General Motors did. But as we reported mere days ago, he's widely expected to step down from the chief executive's office at Ford shortly.
So what's next for one of the most successful executives in the business? Hard to say, but don't expect Mulally to disappear into retirement. Though he didn't ultimately take the top job at Microsoft, industry insiders expect to see him in another influential position - likely as a board director or even chairman of another company. (We say "another company" and not Ford because while Bill Ford may have stepped aside as CEO to bring Mulally on board in the first place, we don't see him giving up his chairmanship of the board also.)
Mulally has likely already lined up his next move, and could either announce what that move will be as soon as Ford confirms Mark Fields as his successor, or could wait awhile. Insiders speculate that he could leverage his transportation and aerospace experience into a position at General Electric or a major airline, his manufacturing expertise to benefit a company like Procter & Gamble or his management skills at a consultancy firm.