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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.

Car manufacturing halted in Japan

Nissan cars awaiting export wrecked by Tsunami In the wake of the devastating earthquake and Tsunami that struck Japan last week, the domestic car industry has ground to a halt. Honda, Toyota, Nissan and Mitsubishi have all now said they are halting all production until at least Wednesday in order to allow time to address damage, and to allow staff to make contact with family in affected areas. But it’s not just the damage to plants that’s the problem.

Alfa Romeo US relaunch delayed

Alfa Romeo Giulietta - American launch delayed until 2013 It’s getting on for two years since we reported that Alfa Romeo were going to relaunch themselves in the US after an absence of twenty years, to give Americans an Italian alternative to the likes of Audi, BMW and  Mercedes. A quality European alternative with Italian flair was the logic. But within a month of the announcement that the US was to be beguiled by Alfas once more came the news that the MiTo wouldn’t be going on the American sojourn.