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Ford nets $5.7B in 2012, $1.6B in fourth quarter

Ford brought in $5.7 billion in net income during 2012, which is around $307 million less than one year prior. Even so, the automaker closed out 2012 with the highest pre-tax profit for a single quarter in nearly 10 years, earning $1.7 billion in the fourth quarter thanks largely to a higher-than-average truck mix in the US. That's a jump of $577 million over 2011. Likewise, that translated into fourth quarter income of $1.6 billion. All told, Ford set a full-year pre-tax profit record in 2012. But that doesn't necessarily mean everything is rosy in the land of the Blue Oval.
Like every other manufacturer, 2012 saw Ford get hammered in the European Union, where a deep economic recession continues to drive down consumer confidence. The automaker lost more than $700 million in Europe, and saw full revenue of $26.6 billion in 2012. That's a decline of $7.2 billion compared to last yea. Ford says the market for new vehicles in Europe has contracted to 13.5 million units, the lowest number in 17 years. You can read the full press release below for more information.

Is this the 2017 Ford F-250 and its all-new aluminum body?

We don't have much to go on, but our friends at Jalopnik have uncovered a completely undoctored photo (used with permission) of what appears to be the 2017 Ford F-250 Super Duty. There's no indication of what's under the boxy new sheetmetal – our bet, like that of Jalopnik, is that the 6.2-liter gasoline-powered V8 will join the latest torque-monster of a 6.7-liter PowerStroke V8 – but we're still left with lots of time to work out the details. For now, we see the same kind of upright and in-your-face styling that we've come to expect from the Ford Super Duty, including more chrome than a '60s Cadillac up front and huge headlight clusters that cut deeply into the side bodywork. We also note plenty of glass making up the large greenhouse, which should be a boon for visibility. Of course, the big news is the actual metal that the body is stamped from. We're expecting to see lots of aluminum, with the heavy-duty pickup following the smaller, lighter-duty F-150 into the lightweight realm for increased fuel savings and greater pulling and hauling capabilities. Stay tuned for more. Related Video: News Source: JalopnikImage Credit: Jalopnik Ford Truck Future Vehicles Off-Road Vehicles ford f-250 autoblog black

GM, Ford, FCA and the UAW form joint coronavirus task force

General Motors, Ford and Fiat Chrysler are forming a coronavirus task force along with the United Auto Workers union to improve protections for their employees and limit the spread of the highly contagious virus. The task force, which would be focusing on areas including vehicle production plans, is being headed by UAW President Rory Gamble, GM Chief Executive Officer Mary Barra, Ford CEO Jim Hackett, Ford Executive Chairman Bill Ford and FCA CEO Michael Manley, the parties said in a joint statement on Sunday. Though automakers typically schedule plant staffing to allow for a certain proportion of absent workers, according to industry consultants, if the outbreak causes higher levels due to infection or workers staying home to care for children whose schools are closed, that could lead to reduced production or in extreme cases shutdowns. Production at an FCA assembly plant in Canada was halted for 24 hours after employees there refused to work on Thursday over fears of an employee being possibly exposed to the coronavirus. Separately on Thursday, the Italian-American automaker said that one of its employees had tested positive for COVID-19, a respiratory disease caused by the new coronavirus, at its transmission plant in Indiana. The plant, however, remained open. "This is a fluid and unprecedented situation, and the task force will move quickly to build on the wide-ranging preventive measures we have put in place," the CEOs of the three companies said in the statement. The task force would also be focusing on aspects such as health and safety education, health screening, food service at the automakers' locations. Related Video: Government/Legal Plants/Manufacturing UAW/Unions Chrysler Fiat Ford GM coronavirus