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Ford reports record $1.7 billion profit

Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.

Analysis: why GM is pulling Chevrolet out of Europe

The news that Chevrolet is to leave the western European car market (while staying in eastern Europe and Russia) is not a huge surprise, but it provides an interesting contrast to the success of fellow Koreans, Hyundai and Kia. “Fellow Koreans?” you might say, “but isn’t Chevrolet American?” Yes and no. The Chevrolets we were getting were all made in Korea in the factories that used to be owned by Daewoo, except for the handful of Camaros and Corvettes, which were authentically American.

BMW poaches designer from Mercedes-Benz

Karim Habib is returning to BMW to take over as head of exterior design, the automaker announced on Tuesday. Habib spent the first 10 years of his career at BMW. During that time he was responsible for designing the exterior of the current BMW 7-series and the Concept CS.