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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.

$4 gasoline fuels surge in March sales

It feels counterintuitive. Expensive gasoline not only helped propel new-vehicle sales in the first quarter. It was a key factor in the surge.

Audi confirms 2016 Q1 compact SUV

Audi Audi has confirmed it will begin production of a premium compact crossover Q1 model in 2016 to rival the MINI Countryman and Nissan Juke. The Q1 will be Audi’s entry-level off-roader, sitting below the current Q3, Q5 and Q7 SUVs. On Bing: see pictures of the Audi Q1Find out how much a used Audi Q3 costs on Auto Trader In confirming the Q1, Audi chief executive officer Rupert Stadler highlighted, "the Q1 is a key component of our [Audi’s] growth strategy." The German manufacturer’s A1 supermini has proved a success following its introduction back in 2010, and now the four-ringed firm wants a slice of the market in the compact off-road sector.