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Ford Posts Q3 Profit, New Details For Corvette Stingray Concept: Today’s Car News

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2009 Chevrolet Corvette Stingray Concept

2009 Chevrolet Corvette Stingray Concept

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Ford today reported net income of $997 million, or 29 cents per share, in the third quarter as strong new products, structural cost reductions and improved results at Ford’s finance division lifted the company’s results despite continued weak global economic conditions. This is a $1.2 billion improvement compared with the same period last year. [Wall Street Journal]

General Motors has given us a futuristic vision of technology and design with the 50th Anniversary Chevrolet Corvette Stingray Concept. Highlights include scissor-style doors, ergonomic seats, a rear-view camera with night vision enhancement, and a high performance hybrid powertrain. [Motor Authority]

Want to know what Volkswagen’s new mid-size sedan planned for the U.S. will look like? The guys at Irmao do Decio have a pretty good idea and have created a computer-generated rendering based on an official sketch released last month. [Irmao do Decio]

Jaguar is reportedly working on a new five-door hatchback model based on a concept car it unveiled as far back as 2003. The sporty hatch, dubbed the R-D7 by an inside source, is expected to debut in 2014 and could be the cheapest model in Jaguar’s lineup when it arrives. [Automotive News, sub req’d]

A brand new theme park dedicated to the Ferrari brand is set to open in Abu Dhabi next year. Situated adjacent to the Yas Marina circuit, home of this past weekend’s Abu Dhabi Grand Prix, the new site will feature a number of heart-pumping rides including the world’s fastest rollercoaster which travels at speed up to 124 mph. [AutoExpress]

The finalists for the 2010 Car of the Year awards have been whittled down to a list of just seven and as always the judges’ decisions are very controversial. This contest is European based so don’t be surprised if some of the vehicles strike you as being a little strange. [Car of the Year]

One of the key people behind the ground-breaking 2011 Chevrolet Volt, Frank Weber, has announced that he will leave his post at General Motors’ U.S. division to head a new team at Opel in Germany. [Autoblog Green]

 
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