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Ford's net profit slips to $1.65 billion for the third quarter
Wed, 26 Oct 2011Ford 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.
Get ready for the New GM
Thu, 09 Jul 2009Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury.
Woven in the Fabric of Enthusiasm
Thu, 10 Feb 2011Editor's note: This article was first published in the April 30, 2000, issue of AutoWeek. Single chauffeur/single passenger two-door steel/aluminum/canvas/crocodile-embossed hide custom tourer 92 hp @ the shaft, 207 lb-ft @ 1,600 rpm 323.50-cid Chrysler L-head inline-eight Rear-wheel drive Four-speed, clutch-free semiautomatic 0-60 mph: 10 seconds EPA combined mpg: 8+ mpg Base price, None. Built for owner's use Or you could buy: Chitty Chitty Bang Bang II ($1,100,000+) It has been 79 years since Count Louis Zborowski, a Polish nobleman, created the glorious Chitty Chitty Bang Bangs of which only one survives.