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Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

Peter Schreyer introduces Kia's new Sportage

It's a sign of just how significant the new Sportage is for Kia that rather than flying UK journalists to an international launch location the company instead rented a boutique hotel in London's Notting Hill, created a sketch gallery in the basement and flew in key members of the car's development team to meet the press — who were then lent some the first new Sportage's in the UK to test for a month. One executive present at the event was Kia's Senior Executive Vice President and Chief Design Officer, Peter Schreyer. Car Design News was invited to meet with Peter to talk about his role at Kia and for him to talk us through a vehicle Kia is billing as the first to be designed entirely under his tenure.

Royal Mail gives prize of a lifetime

A CLASSIC CAR fan received the special delivery of a lifetime when the Royal Mail posted him a Jaguar E-type.Kevin Matthews, 43, was selected to receive the classic sports car through the post as the winner of a competition run by the Royal Mail to celebrate its British Auto Legends stamp collection. Mr Matthews said: ‘I just can't believe it. It's like Christmas has come early, I am so overwhelmed.’ Royal Mail issued its British Auto Legends Special Stamps to celebrate some of the most stylish British motor vehicles that are revered throughout the world.