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Autoblog Minute: Ford reports record second-quarter profits

Second-quarter financial results are in, and Ford reports increased profits. Autoblog's Mylencia Gillenwaters reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] Second-quarter financial results are in, and Ford reports increased profits. I'm Mylencia Gillenwaters and this is your Autoblog Minute. Ford Motor Company reports second-quarter financial results including a pre-tax profit of $2.9 billion dollars and a net income of $1.9 billion. Excluding special items charges, this marks a 10-percent increase over last year's profits. This latest report from the Dearborn-based automaker marks their best quarterly profit since 2000. Looking forward [00:00:30] CFO Bob Shanks said in a statement that he expects the second half of the year to be even better, as supply constraints of the redesigned Ford F-150 affected first-half sales. For Autoblog I'm Mylencia Gillenwaters. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Earnings/Financials Ford Autoblog Minute Videos Original Video

Mulally to stay at Ford through end of 2014 at least

Alan Mulally isn't going anywhere... at least not just yet. The CEO who helped turn around Ford Motor Company has been linked to the top job at tech behemoth Microsoft, leading to a flurry of rumors about potential successors. Those rumors, though, may have just been put to rest - at least for a little while.
Speaking to Edsel Ford II (great-grandson of company founder Henry Ford) at the unveiling of the new Mustang, Automotive News Europe confirmed that Mulally would stick around until the end of next year. "Alan is staying through the end of 2014 and that's all I know," said Ford. "Frankly, he has told us that his plan is to stay with Ford through the end of 2014."
Presuming that Edsel Ford is correct and that Microsoft isn't so hot on Mulally that it saves the position for him, it seems increasingly likely that the 68-year-old exec is more interested in continuing to work in Dearborn rather than in Redmond.

Ford flips switch on GT350, GT350R configurators

Today is the day, folks. If you've been eagerly awaiting the opportunity to configure your ideal Shelby GT350 Mustang, you need to get over to the Ford consumer page and check out the new online builder tool. You can design your ideal GT350 or go hardcore and build an R model. It's all there, including exterior colors, stripe options, and the limited array of optional packages. Everything has prices, with the GT350's starting price coming in just a smidge above what we reported in late May. The base model kicks off at $48,695 while the R adds $13,500 to the total. That means both versions of the Shelby significantly undercut more mainstream and more hardcore competitors. For example, you can get into a GT350R for $62,195, or $3,000 less than a completely basic BMW M4 and $12,805 less than a Chevrolet Camaro Z/28. In fact, even a fully loaded GT350R, with stripes, a painted roof, and the $3,000 Electronics Package (Sync 3, dual-zone climate control, rear-view camera, a seven-speaker stereo, and SiriusXM satellite radio) and you'll still come in at over $8,600 less than the Z/28. As for the GT350, its $48,695 starting price should give pause to anyone thinking of purchasing a high-priced Germans while also stealing some Camaro 1LE customers. Head over to Ford's configurator and build up your ideal car. Finding the GT350 is a bit tough at first, so just be sure to scroll to the bottom of the body style menu on the left side of the page and select "Shelby Fastback," then have at it. Related Video: