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Rising aluminum costs cut into Ford's profit

When Ford reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminum prices have risen 20 percent in the last year and nearly 11 percent since Dec. 11. Steel prices have risen just over 9 percent in the last year. Ford uses more aluminum in its vehicles than its rivals. Aluminum is lighter but far more expensive than steel, closing at $2,229 per tonne on Tuesday. U.S. steel futures closed at $677 per ton (0.91 metric tonnes). Republican U.S. President Donald Trump's administration is weighing whether to impose tariffs on imported steel and aluminum, which could push prices even higher. Ford gave a disappointing earnings estimate for 2017 and 2018 last week, saying the higher costs for steel, aluminum and other metals, as well as currency volatility, could cost the company $1.6 billion in 2018. Ford shares took a dive after the announcement. Ford Chief Financial Officer Bob Shanks told analysts at a conference in Detroit last week that while the company benefited from low commodity prices in 2016, rising steel prices were now the main cause of higher costs, followed by aluminum. Shanks said the automaker at times relies on foreign currencies as a "natural hedge" for some commodities but those are now going in the opposite direction, so they are not working. A Ford spokesman added that the automaker also uses a mix of contracts, hedges and indexed buying. Industry analysts point to the spike in aluminum versus steel prices as a plausible reason for Ford's problems, especially since it uses far more of the expensive metal than other major automakers. "When you look at Ford in the context of the other automakers, aluminum drives a lot of their volume and I think that is the cause" of their rising costs, said Jeff Schuster, senior vice president of forecasting at auto consultancy LMC Automotive. Other major automakers say rising commodity costs are not much of a problem. At last week's Detroit auto show, Fiat Chrysler Automobiles NV's Chief Executive Officer Sergio Marchionne reiterated its earnings guidance for 2018 and held forth on a number of topics, but did not mention metals prices. General Motors Co gave a well-received profit outlook last week and did not mention the subject. "We view changes in raw material costs as something that is manageable," a GM spokesman said in an email.

Jaguar Land Rover to badge vehicles based on horsepower

Add Jaguar and Land Rover to the list of automakers changing their nomenclature due to the realities of engine downsizing. Spy photos of an unreleased Jaguar F-Type model show a badge reading P380 AWD. The letter P evidently refers to Petrol (British for gasoline), and 380 is the engine's horsepower. According to Auto Express, the entry-level F-Type will be badged P300, indicating the power output of its 2.0-liter turbocharged four-cylinder engine. Land Rover is expected to follow suit with the new badging nomenclature. Diesel models will get a D instead of a P, while electric and hybrid models will get an E badge, along with a number corresponding to total system power. So, expect the I-Pace to sport an E400 badge on its hind end. One question we have, though, is how the disparity between mechanical, metric and imperial horsepower will be dealt with. While such power-specific badges are arguably unnecessary, we expect the trend to proliferate as engines continue to get smaller but turbocharging and electrification keep horsepower climbing. At least JLR's badges are easier to understand than the messy way Audi plans to rename its models or the way BMW completely dismisses actual engine size in its naming convention. Related Video: News Source: Auto ExpressImage Credit: Simon Dawson/Bloomberg via Getty Design/Style Green Jaguar Land Rover Convertible Crossover Hatchback SUV Wagon Luxury Performance Sedan jaguar land rover

The Lister SUV-E is a faster Jaguar I-Pace

The Jaguar I-Pace is getting a bump from Lister. Yes, Lister of all companies is going to be selling a limited amount of what it calls the Lister SUV-E. It’s more than just some splotches of paint and a higher price tag, too. Lister says it gave the Jag a software update, resulting in more horsepower and torque over a standard I-Pace. We donÂ’t know how much more, but Lister is promising a 0-60 mph time of four seconds. ThatÂ’s 0.5 second quicker than a normal I-Pace, so Lister obviously made a significant difference with its tune. However, Lister also managed to remove 220 pounds from the I-Pace through various lightweighting efforts, bringing the curb weight down to 4,482 pounds. So, itÂ’s still heavy, but weÂ’re sure this will feel just a hair better in every way. Carbon fiber parts are the main source of weight loss. Lister has used the lightweight material for the front bumper, hood, splitter, rear bumper, roof spoiler and rear diffuser. Carbon ceramic brakes and titanium wheels lower the unsprung weight of the car, too. Strangely, Lister says it has a “more aggressive exhaust sound.” WeÂ’re not sure what that is going to consist of, but it could be cooler than the spaceship electric noises the I-Pace makes as of now. A fully-adjustable suspension should also aid handling — Lister says itÂ’s even lower than the regular I-Pace. All of this goodness will cost you, as the Lister is going to be priced at GBP125,000. ThatÂ’s $161,025 converted to American dollars. Yowza.  Green Jaguar Crossover Hatchback Electric Luxury Performance