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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.

LA Auto Show Design Challenge entries unveiled

The 2013 Los Angeles Auto Show Design Challenge entries have been revealed a few days before the show is set to open. As in previous years, several of the major players in the automotive design world are participating and automakers and design studios such as BMW DesignworksUSA, Subaru, Mazda, and China's SAIC and Changfeng will be exhibiting concept art. The theme of this year's design challenge is called "Biomimicry & Mobility 2025: Nature's Answer to Human Challenges.” With nature coming to be seen as one of the best R&D labs for design, and with biological knowledge doubling every five years, design studios were challenged to design vehicles that use biomimicry to increase the efficiency of mobility itself.

William Clay Ford Sr.'s death: Leaders and sports world react

William Clay Ford Sr., who died on Sunday at the age of 88, served in numerous positions at the Ford Motor Company, including 32 years as chairman of the Design Committee, and became chairman of the Executive Committee in 1978. Comments on the death of Ford, the last surviving grandchild of automotive pioneer Henry Ford and owner of the NFL's Detroit Lions: "The Fords are among Michigan's iconic, founding families, and he was an innovator in the family tradition as well as a strong leader. Like his grandfather, he was passionate about automobiles and the auto industry, the city of Detroit and his family.