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Ford racks up $2.6 billion profit

Ford Motor Co. reported a second-quarter profit of $2.6 billion as U.S. sales rose 20 percent and the automaker continued to gain market share.

Ford offers $1m of design scholarships in memory of William Clay Ford

Ford Motor Company has put aside $1million to be awarded in automotive design scholarships over the next 20 years in order to commemorate the life of William Clay Ford who passed away on Sunday. The Ford Fund will release $10,000 each to five college sophomores or juniors per year who are following a career in car design. William Clay Ford was the last surviving grandchild of company founder Henry Ford and design was his lifelong passion.

Suzuki CrossHiker, X-Lander & Hustler Concepts for Tokyo Motor Show

It’s the Tokyo Motor Show next month, and that’s a big deal for Japanese car makers, eager to make a statement at their home motor show, and Suzuki are quick out of the gate with three new concepts for the show. The Suzuki Crosshiker is a three-door crossover that comes complete with a big panoramic roof, weighs just a bit over 800kg, is about the size of a compact car – but higher riding, and is powered by a new, frugal three-cylinder engine. Concept number two is the Suzuki X-Lander which get built on the underpinnings of the Jimny and gets four wheel drive with power coming from a 1.3 litre petrol engine mated to an electric motor.