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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.

Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

All-electric Nissan trialled in London

THE CITY OF LONDON Corporation has completed a successful trial of the 100% electric Nissan e-NV200 van as part of efforts to meet the highest levels of environmental responsibility across all areas of its operations. After a similarly successful trial of the 100% electric Nissan LEAF earlier this year, Nissan offered the City of London Corporation the chance to try the e-NV200. The City Corporation – the local authority services provider for the ‘Square Mile’ – supports and promotes the City as the world’s leading international financial centre.