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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.

High-five for Mini's new, larger hatchback

THE LONG-RUMOURED five-door Mini hatchback has finally been unveiled, featuring an extra seat, more legroom and a larger boot than the three-door. By using a longer and wider body, the five-door is able to offer 72mm more legroom for rear passengers, who can also now access the new row of three seats via small but useful rear doors. Boot space is up to 278 litres, which although still comparatively low is 67 more than the three-door hatch can boast.

Audi tracks down the last Horch

The last Horch built, found in the middle of Texas It’s been looking likely for a while that now VW has taken control of Porsche it may decide to rebrand the VW Group as Auto Union. Auto Union was the root of Audi, and was formed in the ’30s when Audi, Horch, DKW and Wanderer joined forces to become Auto Union and pool their resources to cope with the depression (sound familiar?). Which might explain why Audi has been scouring the planet for rare cars from its Auto Union days.