Ford’s Change Might Lead to $13 billion Profits

Ford’s Change Might Lead to billion Profits

 

Ford is trying to do some accounting changes this year in order to remove the allowance from their books and bring around $ 10 to $ 13 billion of profits to this company.  This is one prove that Ford is now confident that they will sustain on their profitability which was recently found after they are operating losses for four straight years from 2005 to 2009.

 

This valuation plan will be held against some deferred tax assets. This company looks like they were needed it after they feels that their profits disappeared. However as the company was making $ 9.3 billion of profits in this last two years, they won’t need this valuation any more.

 

When this step is done, Ford was claiming that this will record it as the ‘special item for the quarter,’ which is able to avoid them from the negative effect of the tax. Even after the valuation allowance has coming to Ford’s books, it seems that the company is still able to operate without tax until the end of the decade, as they are now eligible for tax breaks after losing $ 31.4 billion since 2005-2009.

Ford’s Change Might Lead to $ 13 billion Profits is a post from: Automotive News and Review

Reimaging of Jaguar E-Type Will be Very Limited

 

Visualtech, a Swedish company for designing has confirmed that they will make a car which is based on the Growler E concept, and the car will be a very limited run as a reimaging of Jaguar E-Type. They are confirming that they plan to bring the first Growler to be ready in the summer of 2012. Their original plan is to create three or four cars which will be simultaneously worked.

 

If in some reason there are overwhelming demands, they will create a short series of the cars in collaboration with Steyr or Valmet. Specs wise, this car will have the 5.0 liter supercharged V8 engine from Jaguar XKR under its hood. With some tweaks on it, this car should be able to bring 600 horsepower to the driver. They are also hoping that the car is able to run from 0-60 mph in less than 4 seconds.

 

The body of this Growler will be created from a composite which is glued to the carbon fiber structure. The rear and front tube frames will be holding its running gear. Don’t be rushed to order this car before we talk about an important thing: cost. You have to pay almost $ 700,000 or around $ 1.4 million if they only make a few.

Reimaging of Jaguar E-Type Will be Very Limited is a post from: Automotive News and Review

Ferrari Renaming Their F1 Car Again

 

Initially, the 2011 F1 car from Ferrari was introduced as the Ferrari F 150 in order to celebrate the 150^th the Italian unification anniversary. Unfortunately, the name was similar to Ford F-150 pickup, so they were feared that their customers will be confused with the similarities. After that, Ferrari was renaming it into Ferrari F150th Italia, and Ford has settled with it. However, Ferrari still wants to change their racer’s name to get a final change.

 

Now, Ferrari’s car for Formula 1 will be named as the Ferrari F 150⁰ Italia. That symbol addition is the Italian ways of ‘th’, and Ferrari was adding that in order to bring more Italian tastes. Maranello was announcing this step with a shocking press release by saying “The name is now Ferrari F 150⁰ Italia, so it should make it clear even to the thickest of people that this name is for a tribute to the anniversary of the unification.”

 

He was also saying that he hope with this step, the matter will be definitely closed and they can concentrate into some other more serious matters, such as to ensure that their racing car is already good enough to become a winner this season.

Ferrari Renaming Their F1 Car Again is a post from: Automotive News and Review

Jeep Will Build Subcompact In 2013

 

CEO of Jeep, Mike Manley, has said during the Geneva Motor Show last week that they are looking to build a subcompact sized model of their B segment of SUV in 2013. Manley was saying that the Partnership between Chrysler and Fiat will be a very critical thing to build their new car, because Jeep is looking to use a 1.6 liter from Fiat and the JDTm diesels. Beside that, they are also trying to use the 1.4 liter Multiair gasoline mill.

 

The car’s packaging seems like going to be based from the Fiat Grande Punto, as most of the car models will be a front wheel drive version.  However, you must remember that this is a product fron Jeep. It means that at least their trim level from the top of the line will still get the four wheel drive version.

 

You can expect his subcompact version from Jeep to be aimed to the Mini Cooper and the famous Audi A1, with a supermini as its premium options list. Jeep said that they will bring at least a competitor of the Wrangler Jeep despite targeting this subcompact unit to the hatchback market. But they won’t abandon their image of off road product as well.

Jeep Will Build Subcompact In 2013 is a post from: Automotive News and Review

Mazda Ends Their Production for U.S.

 

Mazda is reported to suspend their production at their U.S. joint venture with Ford as they think that the operation is now unprofitable for some time. Beside halting the production in the U.S. Mazda also trying to reorganize their overseas operation such as shifting their manufacturing to Russia and other countries of emerging economy, according to Kyodo News.

 

Mazda is seeing the possibility to transfer their production of the 6 or dubed as Atenza in Japan, to a factory in Japan in 2013, as well as keeping their stake in the USventure while also looking for the possibility to resuming their production if the conditions of the market is improving in the future.

 

Meanwhile, Ford will keep continue their production at Mazda’s first factory abroad which has begun since 1987. That manufacturing base is finally became a joint operation after Ford was buying 50% of the interest for them in 1992. After that, Mazda’s annual output has decreased to far below 200,000 vehicles including the cars which Ford produced, while the combination of the two firms reach 240,000 units. But that was yesterday. Now, Mazda plans to producing some tens of thousands of new vehicles per year in Russia.

Mazda Ends Their Production for U.S. is a post from: Automotive News and Review