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Ford posts decade-best $2.1B profit in Q1 2013

As predicted, Ford has reported that its first quarter of 2013 was a resounding success overall, with a pretax profit of $2.1 billion ($0.41 per share), and a net income of $1.6 billion ($0.40 per share). In fact, Ford made a pretax profit of some $2.4 billion in its home North American market, with that total number being pulled down by losses in South America and Europe. That gaudy North American profit is the strongest result by the automaker since 2000.
Ford's companywide profit for Q1 was down $147 million from one year ago, while the net income number marked an increase of $215 million year over year. Overall, this is Ford's 15th-consecutive profitable quarter.
The bad news from the European market was even worst in Q1 2013 than it was last year. Pretax losses of $462 million - on revenue of $6.7 billion - represented a year-over-year change of -$313 million. In South American, the company reported a loss of $218 million, down from a slim profit of $54 million in Q1 2012. The news was better for Ford Asia Pacific Africa, where a $6 million pretax profit in 2013 showed a year-over-year gain of some $101 million when compared to losses in 2012. Scroll down to read Ford's full press release.

Ford cranks up '32 Ford body production

If you're going to build your own hot rod, you'll want to start with a '32 Ford 5-Window Coupe. Favored by American servicemen returning from World War II, the '32 Ford remains the very icon of the hot rod to this day. The trouble is there were only so many of them made in the first place, and finding one today can be a challenge. That's where reproduction models come in.
The aftermarket is replete with companies that will sell you a fiberglass body in the form of a '32 Ford coupe, but quality can be hit or miss. So to help meet demand among hot rod builders and enthusiasts, Ford has teamed up with United Pacific Industries to offer officially licensed body shells.
Announced at the SEMA show in November, the '32 Ford 5-Window Coupe body is made from stamped steel according to original specifications from original machinery where possible or reproduced machinery built to the same original specifications where necessary. The bodies are ready to accept vintage powertrains or crate motors from the Ford Racing catalog, and join the 9,000 other parts offered in the Ford Component Sales catalog - including similar reproduction bodies available for the 1965-70 Mustang and 1940 Ford Coupe. From there, the proverbial sky's the limit.

USPS releases hot rod stamps to speed up your delivery

After one of the worst winters in recent memory for much of the country, summer is finally here. It's time to drop the top, open the sunroof or at least put down the windows and take a long drive. The United States Postal Service is celebrating the season's sun in automotive style with two new hot rod Forever stamps.
Both stamps depict classic '32 Ford hot rods. One shows the car from the front at a low angle in red (pictured above), while the other depicts the car from the back in black with flames running down the side.
To introduce the new stamps on their first day of availability, the USPS went straight to the source at the National Street Rod Association Street Rod Nationals in York, PA. They were unveiled by Postmaster General Patrick Donahoe, Car Crazy host Barry Meguiar and NSRA Special Events Director Jerry Kennedy.