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Gar Wood's Miss America VIII race boat to be auctioned in Florida

Famed boat racer Gar Wood's two-time Harmsworth Trophy-winning race boat, Miss America VIII, will be offered at Mecum's Kissimmee Auction on Jan. 28 in Kissimmee, Fla. Wood piloted the boat to the Harmsworth Trophy in 1929 and 1931, the latter event witnessed by more than 600,000 people gathered on the shores of the Detroit River to watch.

Ford's net profit slips to $1.65 billion for the third quarter

Ford Motor Co., hurt by accounting changes related to commodity prices, said third-quarter net profits fell slightly to $1.65 billion from $1.69 billion a year earlier. Pretax profits fell to $1.94 billion from $2.06 billion a year earlier. North American pretax operating profits were essentially flat from the year-earlier period at $1.6 billion.

Jaguar Land Rover leads UK universities to develop virtual simulation tech

Jaguar Land Rover is to lead four UK universities in a £10m ($15.5m) government scheme to develop virtual simulation technologies and processes to help improve and accelerate the car design process. The carmaker will be leading project teams from the universities of Cambridge, Loughborough, Leeds and Warwick in the Program for Simulation Innovation (PSI), developed to improve the potential of the UK virtual simulation industry. It is hoped that through its results design quality and capability can be improved through the simulation of sights, sounds and smells.