The glass is half-full: Why the U.S. economy will strengthen in 2010 -- DailyFinance

Here is some good news,

The glass is half-full: Why the U.S. economy will strengthen in 2010 -- DailyFinance

Car and Driver announces 2010 10 best cars

Ford Fusion Hybrid among those named...

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Black Friday Auto deals

Check out this article discussing the great deals on new vehicles that you can find on Black Friday.
http://autos.yahoo.com/articles/autos_content_landing_pages/1166/black-friday-best-day-to-buy-a-car/;_ylt=Ahuf0p5A4Lwe.ZjFqKE_zOIEc78F;_ylv=3

2010 Ford Raptor F-150 is here!

F-150 SVT RAPTOR MOST POWERFUL HALF-TON AVAILABLE, NOW EVEN MORE CAPABLE OFF-ROAD

The 2010 Ford F-150 SVT Raptor with an available all-new 6.2-liter V-8 engine produces 411 horsepower and 434 ft.-lb. of torque, making it the most powerful half-ton truck on the market today

Building on the success of Ford Racing's vehicle programs and Raptor's success in the 2008 Baja 1000, Ford Racing will offer the FR Raptor XT

The FR Raptor XT offers the capability of the Baja race truck, with the comfort of the production Raptor

The FR Raptor XT off-road-only truck will have a production run of 50 units, priced at $99,950

LAS VEGAS – Just one year after Ford unveiled the 2010 F-150 SVT Raptor at the SEMA show, Ford today is announcing the long-anticipated power figures for the all-new 6.2-liter premium V-8 engine now available in this ultimate high-speed off-road performance truck.

When this optional powertrain in the Raptor arrives in showrooms in early 2010, the 6.2-liter V-8 will produce 411 hp and 434 ft.-lb. of torque, making Raptor the most powerful half-ton pickup available. Customers will now have the choice of two V-8 engines in the Raptor, Ford's proven 5.4-liter Triton V-8 or the new 6.2-liter V-8, which can be ordered beginning Dec. 1, with an MSRP of $41,995 including destination and delivery.

The F-150 SVT Raptor, launched in August with Ford's proven 320-hp 5.4-liter Triton V-8, is off to a strong start. Orders for the Raptor equipped with the standard 5.4-liter stand at more than 3,000, and the plant is at maximum capacity producing the ultimate high-speed off-road truck. In addition, Ford Racing will soon offer the 2011 FR Raptor XT, making Raptor even more capable in the rough stuff, but without giving up the control and comfort found in the production Raptor.

Considered an off-road-only pre-runner, the FR Raptor XT from Ford Racing builds upon the production Raptor's already impressive capabilities. The FR Raptor XT is nearly the same truck that finished the 2008 Tecate SCORE Baja 1000, but with all the comfort and convenience you'd find in a production Raptor. Essentially, FR Raptor XT is a turnkey professional pre-runner.

Key specifications of the FR Raptor XT include:

• 500-hp (est.) 6.2-liter naturally aspirated engine
• Six-speed automatic transmission
• Electronically selectable 4x4; 4.56 gear sets; front and rear e-lockers
• A-arm with uni-ball front; four-link RR suspension
• 15-inch front/18-inch rear wheel travel
• Coil-over with bypass shocks front and rear
• Chromoly "4130" rollcage; extensive skid plating
• Full featured interior, including power windows/windshield and air conditioning
• Factory seating with five-point restraints
• Off-road beadlock wheel/tires
• Unique appearance package including tubular front and rear bumper and integral lighting

The FR Raptor XT joins Ford Racing's successful turnkey race Mustangs available only from Ford dealers. There will be a production run of 50 units carrying a price of $99,950. The FR Raptor XT is not street legal, and is intended for off-road use only. Production timing will be announced at a later date.

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

The automaker said Monday earnings were fueled by U.S. market share gains, cost cuts and the Cash for Clunkers program, which drew flocks of buyers to showrooms this summer. Ford's shares rose 68 cents, or 9.8 percent, to $7.68 in morning trading.

The latest results signal that Ford's turnaround is on more solid ground. The company lost more than $14.6 billion last year and hasn't posted a full-year profit since 2005. While it made a profit in the second quarter, that was mainly due to debt reductions that cut its interest payments.

Ford, based in Dearborn, Mich., reported third-quarter net income of $997 million, or 29 cents per share. Its profit forecast for 2011 was a step above previous guidance of break-even or better for the year.

Ford's key North American car and truck division posted a pretax profit of $357 million, the division's first quarter in the black since early 2005. Ford cited higher pricing, lower material costs and increased market share for the improvement.

Excluding one-time items, Ford earned 26 cents per share, blowing away analysts' expectations of a loss of 12 cents.

The earnings came despite an $800 million revenue drop. But Ford said it cut costs by $1 billion during the quarter, accomplished through layoffs in North America and Europe, reduced pension and retiree health care costs and improvements in productivity and product development.

Chief financial officer Lewis Booth said the company took in $1.3 billion more than it spent in the quarter, an improvement over its $1 billion cash burn in the second quarter.

"That's a huge deal," Booth said.

Ford's plan to create demand and get better prices for its products, coupled with cost cuts, gave the company confidence that it will make money in 2011, Booth said.

But Ford still faces obstacles in its turnaround. Last week, workers overwhelmingly rejected an agreement with the United Auto Workers that would have brought Ford's labor costs in line with rivals General Motors and Chrysler LLC. Workers objected to clauses limiting their right to strike and freezing entry-level wages, and felt the company was healthy enough and didn't need further concessions.

The rejected deal also would have changed rules so skilled tradesmen such as electricians and pipefitters work in teams and perform more than one task.

Rejection of the deal isn't likely to place Ford at an immediate cost disadvantage to its crosstown rivals because savings from the concessions are longer-term, said Gary Chaison, a professor of labor relations at Clark University in Worcester, Mass. Neither the company nor the UAW has released any cost savings numbers.

The third-quarter profit makes it extremely unlikely that the company will push to head back to the bargaining table before the current UAW contract expires in the fall of 2011, and union leaders also are unlikely to take another deal to the membership, Chaison said.

"I think the company has no credibility asking for concessions now, and I think the leadership is quite embarrased for making a case for concessions," he said.

Chaison said Ford could make some noise about moving new vehicle production to Canada, where unionized workers on Sunday approved a package of concessions, but it's more likely that Ford will live with the current contract until 2011.

The other area where Ford has a cost disadvantage is debt. Ford reported $26.9 billion in debt, up $800 million from the second quarter.

The company avoided the same fate as rivals Chrysler and GM by mortgaging its factories and even the familiar blue oval logo to borrow $23.5 billion before credit markets froze last year.

Ford didn't quantify the impact of Cash for Clunkers, which offered buyers rebates to trade in their vehicles. The program helped Ford cut costly incentives and raise production.

It also won buyers; the fuel-efficient Ford Focus sedan and Ford Escape, a small SUV, were among the top five sellers under clunkers. Ford sales climbed 17 percent in August thanks to the program.

Ford's revenue fell $800 million for the quarter, to $30.9 billion, due mainly to its financial services arm, Ford Motor Credit, making fewer loans.

But the division still posted a pretax profit of $677 million, and revenue from auto operations rose slightly to $27.9 billion.

Ford also has benefited from consumer goodwill after it declined government bailout money and didn't go into bankruptcy over the summer as GM and Chrysler did. Ford grabbed sales from its rivals, posting the largest increase in market share of any automaker in September. Ford expects an overall gain in U.S. market share in 2009, a feat it hasn't accomplished since 1995.