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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.

Toyota to recall 1.1 million Corolla, Matrix models prone to stalling

Toyota Motor Corp. today issued a recall of 1.1 million Corolla and Corolla Matrix vehicles from the 2005-08 model years after more than 1,000 complaints of stalling. In a statement, Toyota said it was addressing some engine control modules that may have been improperly made.

Jaguar XK and XKR Special Edition launched

New Jaguar XK and XKR Special Editions launched Jaguar has decided to give the XK and XKR sales a bit of a boost with the launch of  Special Edition models as coupe and convertible. There’s nothing quite like a Special Edition model to get punters in showrooms, and with the Jaguar XK and XKR perhaps losing a bit of their glow – thanks in part to getting towards the end of their shelf life, and the arrival of the bonkers XKR-S – Jaguar has launched ‘Special Edition’ models of the XK and XKR as both coupe and convertible. The new XK and XKR Special Editions are purely cosmetic – there’s none of the extra power we’ve seen in the XKR-S – but the cosmetic tweaks are appealing.