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New concepts to be revealed at Pebble Beach

The international auto show in Frankfurt is but a few weeks away, yet for important new cars in the American market there's further proof that traditional auto shows such as Detroit are being shunned as launch venues in favor of more exclusive and pretigious events. That's because Cadillac, Infiniti, Lexus, Lotus and possibly a few others are set to reveal new production and concept cars at the Pebble Beach Concours d'Elegance later this week. Lexus is set to unveil its production GS350 (previewed by the Lf-Gh concept in New York earlier this year), the fourth generation of its luxury sports sedan, on August 18, while Cadillac's 2013 ATS will also be revealed.

Land Rover Defender Special Edition set for U.K.

The 2012 Land Rover Defender Special Edition will join the growing list of cool cars that aren't coming stateside. At least we aren't getting our hopes up—not only did they snub the Detroit auto show, but Land Rover hasn't brought a Defender SUV here since 1997. The latest iteration of the go-everywhere off-roader will wear one of two colors, Orkney grey or nara bronze.

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.