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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.

Ferrari F450 prototype spied as F430 successor heads for Frankfurt debut

Spy photographer Brenda Priddy serves up a fresh look at the Ferrari F450, the car set to replace the F430 in Ferrari's lineup later this year. From this prototype, spotted being loaded into a hauler, we see that the styling is updated but not a radical departure from the F430. The new model designation comes from an increase in displacement for the V8 to 4.5 liters.

2013 Ford Mondeo debuts on Thursday – but is it time for a name change?

Ford will reveal the new Mondeo on Thursday at the ‘Go Further’ event in Amsterdam as well as news of major product acceleration. We saw the first photo of the new Ford Mondeo back in January, shortly after Ford revealed its North American sibling – the Ford Fusion – at the Detroit Motor Show. At that time, especially as the Fusion had already been properly revealed, we assumed the new Mondeo would debut at Geneva in the Spring, but it didn’t.