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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.

Ford S-Max concept (2013) at Frankfurt motor show

This is new Ford S-Max MPV, in thinly veiled concept car form. In all but the spangliest details though, this is Ford’s sporty new MPV, ushering in a host of on-board tech features, and a new 1.5-litre Ecoboost petrol engine. The show car’s party pieces are health-monitoring gadgets, recording data like heart rates and glucose levels.

Mitsubishi to build new family of vehicles in U.S.

Mitsubishi will assemble a new family of vehicles at its Illinois plant within two years, a source familiar with the company's plans said. The vehicles will be based on the platform underpinning the Outlander and Outlander Sport crossovers and Lancer sedan, the source said. Those models are assembled in Japan.