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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.

Driving age to be raised to 18?

A government-commissioned report has recommended probationary driving licences are in future issued from the age of 18, not 17 – and that learner drivers would be required to invest big in getting a licence. The new proposals would still see provisional driving licences issues from 17, allowing learners to get out on the road under supervision. However, learners would have to undertake a 12-month ‘learner stage’, in which they’d have to cover a minimum of 100 hours’ supervised driving.

Money Advice Service’s Online Tool Helps Buyers Choose Wisely

NEW researched published by the Government-backed Money Advice Service (MAS) has found more than half of people who purchased a used car underestimated the running costs. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated, while one in five (20%) have resorted to going into debt just to keep their vehicle on the road. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.