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Ford could post best-ever profits in Q1 2013

Analysts are saying that Ford Motor Company may have earned a record $2.7 billion pretax profit in North America during the first quarter of 2013, a number that represents its highest first quarter profit ever. The impressive earnings are further proof that the American automaker is making a solid comeback as the economy begins to recover.
Morgan Stanley and JP Morgan Chase are estimating that Ford's first quarter North American profit may have topped 12 percent. The firm cited the automaker's fresh lineup, but noted that CEO Alan Mulally needs to uphold the pace as the company works to gain ground in the car and utility segments.
Ford's success has been led by increased demand for its F-Series pickup, the best-selling vehicle in the US for 31 years, and by the Fusion sedan that recently recorded its best-ever quarterly sales in the domestic market. Ford is expected to release its first-quarter revenue on Wednesday, of this week.

Ford gets dirty testing the 2017 Raptor

Want to hear the sweet sound of turbochargers spinning merrily away underhood of a 2017 Ford Raptor pickup truck test mule? Of course you do. And we're happy to oblige. Fortunately for you, those aren't the only sounds you'll hear when you watch the video above. We noted plenty of birds and insects, too, which means Ford has finally seen fit to share some good old fashioned muddy off-road footage of its upcoming off-road superstar as it is subjected to rigorous testing ahead of its on-sale date in the fall of 2016. It's no secret that we're big fans of the first generation of the Ford Raptor. If there was one complaint we've voiced about the truck, it's that the off-road-specific pickup could use a touch more power. Fortunately, more power is coming for 2017 as Ford replaces the outgoing 6.2-liter V8 with a new version of its 3.5-liter twin-turbo EcoBoost V6. We don't know exactly how many horses the new truck will corral, but we know it will be more than the 411 horsepower and 434 pound-feet of torque offered by the previous truck. This is the second time Ford has let out some interesting information about its tests of the next Raptor, the first focusing specifically on grueling desert trials. Considering the promises Ford is making about the 2017 Raptor's various off-road capabilities, we're keen to put the pickup through its paces ourselves. For now, though, join us in watching the video above. Related Gallery 2017 Ford SVT Raptor Desert Testing News Source: Ford Ford Truck Off-Road Vehicles Videos ford f-150 svt raptor ford raptor

Foreign automakers pay from $38 to $65 per hour to non-union workers

As leaders for the United Auto Workers gather in Detroit for their Special Convention on Collective Bargaining to work out the negotiating stance for this year's new labor agreements with the Detroit 3 automakers, what they most want to do is figure out how to eliminate the two-tier wage scale. However, the lower Tier 2 wage has allowed the domestic automakers to reduce their labor costs, hire more workers, and compete better with their import competition. As it stands, per-hour labor rates including benefits are $58 at General Motors, $57 at Ford, and $48 at Fiat-Chrysler – a reflection of FCA's much greater number of Tier 2 workers. The Center for Automotive Research released a study of labor rates (including benefits) that put numbers to what the imports pay: Mercedes-Benz pays the most, at an average of $65 per hour, Volkswagen pays the least, at $38 per hour, and BMW is just a hair above that at $39 per hour. Among the Detroit competitors, Honda workers earn an average of $49 per hour, at Toyota it's $48 per hour, Nissan is $42 per hour, and Hyundai-Kia pays $41 per hour. The lower import wages are aided by their greater use of temporary workers compared to the domestics. Automotive News says the ten-dollar gap between those foreign camakers and the domestics turns out to about an extra $250 per car in labor, which adds up quickly when you're pumping out many millions of cars. That $250-per-car number is one that, come negotiating time, the Detroit 3 will want to reduce, as the UAW is trying to raise both Tier 1 and Tier 2 wages. Another wrinkle is that the domestic carmakers are considering the wide adoption of a third wage level lower than Tier 2. Some workers who do minor tasks like assembling parts trays kits and battery packs already make less than Tier 2, but the UAW will be quite wary about cementing yet another wage scale at the bottom of the system while it's trying to fight a bigger battle at the top. News Source: Automotive News - sub. req., BloombergImage Credit: AP Photo/Erik Schelzig Earnings/Financials UAW/Unions BMW Chevrolet Fiat Ford GM Honda Hyundai Kia Mercedes-Benz Nissan Toyota Volkswagen labor wages collective bargaining labor costs