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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.

Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

Nissan Note Boat makes a splash (video)

Nissan Note Boat makes splash Before you get carried away the the thought that Nissan has somehow turned out a new Note that can turn itself in to a boat, they haven’t. Instead, Nissan’s PR has decided to bolt the new Note to a floating platform to demonstrate the versatility and some of the technology of the new Note. Nissan went of to Eton Dornay Lake – scene of some of our remarkable rowing feats in the 2012 Olympics – with a modified Note with a sliding single stroke seat for a rower to allow the Note – with its wide opening doors – to accommodate an oar poking out of each side.