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Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

New Ford Mondeo: Estate, Hybrid and 4WD

The 2013 Ford Mondeo will come as a regular five door and estate but there will also be a four wheel diesel and a hybrid option. We’ve already reported that the new Mondeo will get the 1.0 litre EcoBoost engine as an option – the first time any car in the D Segment has had such a small engine – but there’s more to the new Mondeo than just a headline little engine and an Aston Martin grill. As well as the frugal EcoBoost engine, Ford will also be launching their first hybrid in Europe with a Mondeo Hybrid boasting a 2.0-litre petrol engine with a 35kW lithium-ion battery to trim official emissions and consumption as much as possible.

Honda NSX GT to go racing – before the NSX even hits showrooms

The Honda NSX Concept-GT (pictured) is going racing The new Honda NSX is finally getting close to a production reality, but it won’t actually arrive until 2015, even though order books are now open. But in a somewhat odd move, Honda has revealed another NSX today – the NSX Concept-GT – with which it plans to go racing. And it plans to go racing now, not in 2015 or 2016 when the new NSX is in Honda showrooms.