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Ford reports $3B profit in Q4, $6.9B for the year
Tue, 28 Jan 2014Good news out of Dearborn today, as Ford announced $3 billion in profit for the last quarter of 2013, a 90-percent increase over the same period of 2012. Net income for all of last year, meanwhile, jumped to $7.2 billion from $5.7 billion in 2012, while pre-tax profits sat at a decade-topping $6.9 billion for all of 2013.
The results of the substantial profit increases are bigger profit-sharing checks for UAW employees. How big? A record $8,800 on average for 47,000 UAW workers, making 2013 the biggest year for profit sharing in Ford history. In total, $414 million will be paid as part of the profit-sharing scheme.
Now, it should be pointed out that a fair portion of Ford's Q4 profits were due to tax benefits, totaling $2.1 billion, according to Automotive News. Total profits would have also been higher, had there not been a significant recall on the Escape, as well as plant issues in South America.
2014 Holman & Moody 50th Anniversary TdF Ford Mustang
Mon, 01 Jul 2013If you're a fan of Ford racing history, a Mustang worshiper or even just an avid follower of our yearly SEMA coverage, you may have heard the back story on the Race Red Mustang you see above. Back in 1964, Holman & Moody was tapped by the English Alan Mann Racing Team to race-prep three Mustangs for competition in the incredibly arduous 4,000-mile Tour de France Automobile rally. Competing mainly against Jaguar MkII saloons over 10 days and 17 stages, the H&M Mustangs took the top two places in the Touring class and the first-ever racing win for Ford's pony car.
Though the history of that first Mustang win hasn't been incredibly well known here in the States, the subsequent decades have seen plenty of racy versions of the car come and go. Last year at the SEMA show, we covered the brief debut of this living tribute to that piece of racing lore, the Holman & Moody 50th Anniversary TdF Mustang.
This limited-edition Mustang represents a kind of new venture for H&M, as the legendary racing shop has spent the last few decades earning its keep largely by restoring vintage racing cars. The urge to get back into the world of Ford and Mustang was powerful, however, what with the car's 50th anniversary looming and the current generation of 'Stang just about out the door.
Why Ford's Alan Mulally would be right for Microsoft, or any company
Thu, 03 Oct 2013
That Mulally was seriously being considered says a great deal about Microsoft and Mulally.
It appears that the chatter about Ford CEO Alan Mulally possibly leaving early to take over as CEO of Microsoft is losing air pretty fast. What's pretty interesting is that it got any traction in the first place.

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