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Ford rakes in record $2.5b profit during Q1 of 2016

Fears that the auto industry is due for a downturn may be fading. Ford posted record profits in the first quarter of 2016, the company announced Thursday. Chief financial officer Bob Shanks said Ford enjoyed its best quarterly performance in history, generating operating profits of $3.8 billion and a record profit margin of 9.8 percent. Overall, the company's $2.5 billion profit in the quarter more than doubled from the 2015 quarterly results. "The first quarter was an absolutely terrific start to the year, an all-time record for the company, with very strong performance across the business," said chief executive officer Mark Fields. "We're excited about our future and confident in our ability to deliver long-term growth and profitability as we expand our business model to be both an auto and a mobility company." During the quarter, Ford announced the creation of Ford Smart Mobility, a new subsidiary that would vet future mobility projects in the realm of car-sharing, fractional ownership and autonomous deployment. The company also kicked off a billion-dollar makeover of its Dearborn, Michigan campus and headquarters. The company's after-tax earnings of $0.68 per share trumped Wall Street's expectations, and were significantly up from $0.39 per share a year ago. The results were buoyed by the company's fourth consecutive quarter of growth in Europe, which comes after a long period of stagnant sales. Ford's earnings results come amid reports that April car sales are on pace to jump 4 percent year over year, which would make it the best-selling April in history. Kelley Blue Book projects that car sales will reach 1.51 million this month, placing the industry on track for 17.5 million vehicles sold in 2016. Even as SUV and crossover sales drive the market, analysts say Nissan and Honda are positioned to benefit from renewed interest in mid-size cars. "Following a disappointing March, we expect sales to get back on track in April with SAAR in the mid-17 million range," said Tim Fleming, analyst for Kelley Blue Book. "Increased fleet sales and rising incentive spending among automakers remain the factors to watch, but the retail demand appears to be holding steady, signaling the industry's strong run isn't over quite yet." Related Video: Image Credit: Getty Earnings/Financials Ford Lincoln 5g Connectivity mobility auto industry financial

2025 Lincoln Aviator revealed with new face, more tech, no more PHEV

The 2025 Lincoln Aviator is here wearing the model’s first refresh since its launch for the 2020 model year. ThatÂ’s a long period of time to go without any significant changes, but luckily for Lincoln, the Aviator never really fell out of favor. This refresh follows the Ford ExplorerÂ’s update for 2025, its platform mate, and the scope of changes made to the Lincoln is similar. The exterior wears the new Lincoln family front fascia with a taller grille, new LED headlights that creep into the grille itself and an updated front bumper. Nothing changes out back, but Lincoln says both the LED daytime running lights and LED taillights now feature welcome and goodbye animations. Two new colors join the palette – Cenote Green (pictured first in the gallery at the top of this post) and Whisper Blue Metallic – and a couple of new wheel designs arrive for 2025, too. None of these updates drastically change the handsome Aviator, which weÂ’re fine with because this sleek Lincoln three-row SUV has always looked dashing. Only one engine option is available for the Aviator, which is the 3.0-liter twin-turbo V6 that makes 400 horsepower and 415 pound-feet of torque. Power is sent to either the rear wheels or to all wheels via a 10-speed automatic transmission, which Lincoln says is re-calibrated this year for smoother performance. Unfortunately, the Grand Reserve PHEV trim that was dropped for the 2024 model year will not be returning in 2025. Lincoln tells us that its take rate of just 14% wasnÂ’t enough to justify continuing to build it, which is a real shame, because that was one quick plug-in hybrid SUV with 494 horsepower and 630 pound-feet of torque. The good news on the mechanical side of things is that the adaptive suspension is now standard instead of optional. The air suspension continues to be available as either an option on the Reserve trim or standard equipment on the Black Label. The biggest changes come inside the Aviator. A new dash design does away with climate control buttons, tucking them into the touchscreen. The start/stop button moves to sit next to the other “piano key” style shift buttons, and the center stack is simplified with more empty space for beautiful trim to sprawl across. The storage areas in the center console are slightly re-jiggered, with the one pocket on the left being the new wireless phone charger.

2016 Lincoln MKX First Drive [w/video]

The Lincoln Motor Company was one of America's great luxury symbols of the 20th Century. It grew from an aircraft engine maker during the First World War to become the car of presidents. The jaw-dropping Continental concept revealed earlier this year is a clear indication that Lincoln plans to build on its history and recapture some of that luxury magic. While the image of a powerful Continental thundering over a tony Westchester road is certainly romantic, it does little to sell cars today. Enter the 2016 Lincoln MKX. Flagships like the Continental are great, but Americans buy way more crossovers, and Lincoln's redesign of the MKX focuses on the needs of modern luxury customers. That means more and better safety features, a quiet interior with attractive materials, and classy exterior design. The potent 2.7-liter twin-turbo V6 pushes out 335 horsepower, outperforming V6 offerings from Lexus and Acura. There's also a new engine – Ford's potent 2.7-liter twin-turbo V6 pushing out 335 horsepower – that outguns V6 offerings from Lexus and Acura. All told, it's a tasteful redesign with some spotlight features that might turn a few more customers Lincoln's way. The updates are intriguing, yet many of them (aside from the V6's 380 pound-feet of torque) are rather subtle. So we grab the key fob to an attractive all-wheel-drive model decked out with the Reserve package and set out for a long weekend to absorb the new MKX. Several days of running errands around town, commuting, and a three-and-half-hour drive from metro Detroit to the northern tip of Michigan lay ahead of us. We're going to be spending a lot of time in the MKX, so naturally, we take stock of the interior. Our tester (we photographed a different one) is done up in a cappuccino leather theme, which means brown leather for the steering wheel, armrests, and the tops of the door panels. Another chocolately strip bisects the dashboard. The rest of the cabin – the headliner, the seats, the sides of the doors, etc. – is a creamy white. We sink into the seats, which are cushy yet supportive. The headrest is like a pillow, and the plush floormats feel made for bare feet. The touchscreen works well, and it's complemented by redundant buttons and switches, which we like. The MKX is generally user friendly. The touchscreen works well, with little poking or jabbing. It's complemented by redundant buttons and switches, which we like.