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Ford reports 58% drop in Q2 profits on European losses

Ford Motor Company announced Wednesday that it has posted a $1 billion profit for the second quarter of 2012. That sounds like good news for the Blue Oval, until you take into account that Ford posted a $2.4 billion profit for Q2 a year ago. That is a substantial 58 percent loss.
Ford also posted $465 million in international losses, with $404 million of those losses coming directly from Europe. The automaker also increased its European loss projections to $1 billion for 2012, due in large part to the economic crisis overseas, which has resulted in increased unemployment and decreased consumer confidence.

2016 Ford F-150 Limited 4x4 to start at nearly $62,000

The starting price of the top-of-the-line Ford F-150 has crested the $60,000 mark. This was, to be entirely honest, a long time coming, as consumers have shown a willingness to gobble up increasingly lavish pickups over the past five to ten years. According to Cars Direct, the four-wheel-drive-equipped 2016 F-150 Limited rings up at $61,905, or just $15 less than Ford's previous range-topping luxury model, the Lincoln Navigator. Of course, you can get a cheaper Limited if you really needed to. Opting for just rear-wheel drive will lower the price to $58,480. Not only do these figures eclipse the price of any other F-150 before them, they easily exceed the starting figures of competitive luxury pickups. The previous top-of-the-line, F-150 starts at just $52,780, while the two-wheel-drive competitors from GMC, Chevrolet, and Ram – the Sierra Denali, Silveardo High Country, and 1500 Limited – start at $51,210, $49,810, and $51,870, respectively. The new F-150 model adds plenty of bling – there's "LIMITED" lettering on the hood and big, bold, 22-inch wheels – along with power running boards, a panoramic roof, heated/cooled/massaging Mojave leather seats, blind-spot monitoring, and a 360-degree camera. Related Video:

Chicago Auto Show: The really big reveals from shows past

The 2024 Chicago Auto Show may seem like a shell of its former self, but it still holds the title of the largest consumer auto show in the United States. It didn't get that reputation simply by being efficiently produced or convenient for locals desperate for something to do in February — it earned it over decades of breaking automotive news and powerhouse reveals, eventually earning an informal designation as America's truck show.  2024 may be a down year for Chicago, but let's not forget all of the great things that have come out of it, historically. Here's a look at some of our staff favorites. Bet you didn't know about a few of these cars that were first revealed in the Windy City.    2008 Dodge Challenger SRT-8  I didn't just pick this one as a former Challenger owner, but instead to illustrate just how many cool Chicago debuts we take for granted. Chrysler often chose its home turf to debut new cars, so the few times its unveilings happened elsewhere tend to stick in our minds. The first Challenger SRT-8 was kind of garbage, if we're being honest. I mean, who buys a race-bred, V8-powered muscle car without a limited-slip differential? But the SRT-8 formula evolved over time into something truly special, and what we saw in Chicago was essentially the early version of the Scat Pack, which was ultimately very successful for Dodge. And who would have thought we'd be here, 15 years later, still talking about that debut? And still loving these big Mopars, flaws and all. — Associate Editor Byron Hurd SHO time in Chicago IÂ’ll always have a certain fondness for the return of the Taurus SHO at the 2009 Chicago Auto Show. Chicago has always leaned truck and van heavy for press reveals, but every now and then, as this list illustrates, something spicy would appear. The return of the SHO as a high-powered successor to the original that ran from 1989-1999 gave enthusiasts hope for FordÂ’s performance business, especially for sedans. With a 3.5-liter EcoBoost V6 packing 365 hp, all-wheel drive and five-spoke wheels, the SHO was a nice upgrade from the lower-rung Taurus models. It was a bit more sedate than the original SHOÂ’s Yamaha-sourced V6 that teamed with a five-speed manual transmission, but still a worthy response to the Chrysler 300, Dodge Charger and later the Chevy SS. The SHO — Super High Output — begat things like the Fusion ST and gave Ford solid four-door performance for the rest of the decade.