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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.

Renault Formula E racer (2013) at Frankfurt motor show

Formula E, the new elite racing series for electric single-seaters, has got the FIA’s backing, confirmed the major cities that will host the races, and now we've finally seen the crucial racecar. This is the Spark-Renault SRT_01E, a joint project developed between Renaultsport and Spark Racing Technology (SRT) which has just been unveiled at the 2013 Frankfurt motor show. There’s also been input from F1 legends Williams and McLaren, plus Dallara (which builds all the cars for the IndyCar series in the US).

The bestselling new cars in Britain

September is the biggest month of the year for new car sales in Britain: car manufacturers say it’s the most important month to get right and a good September performance is thus something of a bellwether test. The UK trade body the SMMT has just released new car registration data for September 2013, which enables us to get a picture of the state of the nation’s new car sales. And the news remains glowing.