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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.

Lotus's glimmer of hope: Proton stands by Hethel

After another painful year of sales for Lotus in the UK – down 58% on 2011 - Norfolk's beleagured sports car brand has kicked off the New Year with the grand unveiling of its new flagship Malaysian showroom, and the thumbs-up from senior Proton company suits that Lotus isn't on its last legs. The announcement comes in the same week Lotus’s sales figures were released for 2012. Showing a substantial 58% decrease in sales and selling just 137 vehicles, Lotus Cars was the worst performer in the UK with a woeful 0.01% share of the market.  Are Lotus's Malaysian owners sticking by the company?

Volvo consign normal car batteries to the history book

Volvo consign normal car batteries to the history book by using body panels for storage As our cars become more and more reliant on power from batteries – either to run the multitude of technology or top provide power for electric motors – the cost and size of the batteries needed continues to grow. But Volvo have been working an an alternative for the last 3.5 years which can potentially do away with the battery and instead store power in body panels. Volvo has built an experimental S80 which has body panels made of carbon fibre and polymer resins and structural super capacitors.