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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.

2021 Jaguar F-Type R Exhaust Test | Music to a gearhead's ears

Against all odds, England has outmaneuvered America for the most savage and wicked-sounding V8 among the two countries. The 5.0-liter supercharged V8 in the Jaguar F-Type has sounded better than anything since it was popped into the R and SVR. Sorry Hellcats, Coyotes, and small blocks everywhere. Jaguar wins. Ford’s flat-plane crank Voodoo V8 in the GT350 and GT350R might be the only one that can compete on the same playing field. One drive in the 2021 Jaguar F-Type R will have you asking, how is this legal? The sheer level of noise coming out of those four very real chrome exhaust tips ensures every single head turns towards the Jaguar sports car if it hadnÂ’t already. In fact, itÂ’s so loud that we even struggled to record it authentically. You see, flooring it all but overwhelmed our microphone with the deafening roar. The key to hearing what the actual exhaust note sounds like is listening to it rev at a slower rate of speed. Then thereÂ’s the trouble of picking up its glorious overrun full of racecar-like yowls and crackling for days. No matter how you drive, youÂ’re guaranteed to be the most obnoxious individual around. Revving it up to around 3,500 rpm in first gear then releasing the throttle unloads a scary level of pops and crackles that echo throughout entire downtown blocks. ItÂ’s almost like Jaguar figured people would still want to make a stupid amount of noise even if theyÂ’re driving along slowly. This car has no chill. Pulling an upshift anywhere past 4,000 rpm prompts a chainsaw-like, ripping braaaaap that will scare small children and the easily-startled everywhere. It induces endless laughter and enjoyment for the driver behind the wheel. The cliche of "itÂ’ll bring out your inner child" perfectly applies to the F-Type R.  Americans can rest assured that theyÂ’re getting the most savage version of JaguarÂ’s exhaust, too. European F-Types have the required gasoline particulate filters that choke the noise, whereas U.S. cars donÂ’t. Sorry, Earth. If youÂ’ve done much reading on the 2021 F-Type already, youÂ’d know that this updated R actually gets the same engine as the previous generationÂ’s SVR. That means it has 575 horsepower and 516 pound-feet of torque. However, the exhaust on the new R is different from the old SVR in that itÂ’s slightly tamer. ItÂ’s difficult to fathom a wilder exhaust than the one fitted to this R, but it makes perfect sense to reserve the ultimate noise maker for the ultimate version of the F-Type.

Freelander name making jump from old Land Rover model to new EV brand

The Jaguar Land Rover House of Brands is about to grow by one. JLR signed a Letter of Intent to license a new brand called Freelander to its Chinese joint-venture partner of 12 years, Chery. For those who missed it, Land Rover sold a compact four-wheel-drive model called the Freelander or LR2, depending on market and generation, from 1997 to 2015. The Freelander didn't get the best press, but that didn't stop it from being popular because, before the Evoque, it was the least expensive way to get into something bearing the green oval. The moniker's rebirth will also apply to "mainstream" products, this time pure-electric vehicles outside of JLR's or Chery's current lineups. What's more, the Freelander range won't be limited to China, although JLR wouldn't say how long it would be before international markets could expect Freelander arrival.  They new cars will be designed by teams from both automakers and sit on Chery's E0X battery-electric architecture. Car News China reports that the E0X can support an 800-volt architecture, Level 3 autonomous driving, and air suspension setups. The platform also plays nice with range-extended EVs, a powertrain type enjoying the same upswing in popularity over there as in other markets. Autocar writes that extended-range EV sales from January 2023 to September 2023 rose 157% over the same span in 2022. Chery's Luxeed R7, above, sits on E0X bones. The Luxeed R7 EV comes in single- and dual-motor variants from 288 horsepower to 489 hp, and offers a maximum range of 531 miles on the Chinese cycle. Previous to this new announcement, Chery said it would also share its M3X platform with the Chery Jaguar Land Rover collaboration, the vehicle structure said to have been developed with Magna International. The M3X is suited to internal combustion and PHEV powertrains. JLR's press release specifies that for now, Freelander will be "an advanced portfolio of electric vehicles," so it's possible future Freelanders will expand powertrain options once the electric lineup gains momentum, or the M3X might be applied to a different set of products.