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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.

‘Hidden’ damage on hire cars costing drivers

MORE THAN one in three hire car users have found unreported damage on hired vehicles upon collection, according to new data. A survey conducted by YouGov found that 37% of business travellers found damage to their hired vehicle which was not marked down on the documentation when they collected the car. This could lead to the user being charged for the damage and liable to lose any insurance excess amount – which could be as much as £2,000.

Carroll Shelby's AC Cobra to be auctioned

A limited-production 1965 Shelby Cobra 427 CSX1001 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz., Jan. 19-23, 2011. This vehicle is one of 12 in the CSX1000 series to have an AC-built body.