Ford Motor Credit Company reported a pre-tax profit of $434 million in the second quarter of 2014, compared with $454 million a year earlier. The lower pre-tax profit was more than explained by a higher level of insurance losses from storm damage to dealer inventory. Ford Credit’s net income was $264 million in the second quarter of 2014, compared with $275 million in the previous year.

Ford Motor Company [NYSE: F] announced today a series of changes in its senior leadership team to continue delivering the company’s One Ford plan while accelerating its drive for product excellence, innovation and Lincoln.

The all-new 2015 Ford Mustang offers three great engines including a standard 300-horsepower V6, a brand-new 310-horsepower EcoBoost® or an upgraded 435-horsepower V8. Each powerplant is available with either a manual or automatic transmission that makes the pony car a great all-around performer – no matter how the equipment is mixed and matched to suit any individual driving style.

Ford Motor Company today announced an aggressive product acceleration in its newest business unit, Middle East & Africa, leveraging the company’s One Ford global portfolio and targeting opportunities for growth in small, mid-size and large vehicle segments.

Ford Motor Company today announced the Alan Mulally Leadership in Engineering Scholarship, a $1 million program that honors the company’s former CEO by providing financial assistance to outstanding students pursuing degrees in the field of automotive engineering.

Ford’s sales volume in its 20 traditional markets in Europe totalled 605,400 vehicles in the first six months of the year – 37,700 vehicles, or 6.6 percent, more than in the same period in 2013. This compared to a total industry growth in sales of 6.3 percent for the first half of the year. Ford’s market share in Europe was level at 7.9 percent.

Ford China raced to a record first half, with 549,256 vehicles sold in the first six months of 2014, up 35 percent compared to 407,474 sold during the same period last year.

After winning for the first time last week at Sonoma Raceway, Fusion followed that with another first as Brad Keselowski gave Ford its first NASCAR Sprint Cup Series win at Kentucky Speedway Saturday night.

The 2015 Ford Focus ST makes its global debut today at Goodwood Festival of Speed in the United Kingdom – the ideal venue for showcasing the enhanced driving dynamics of Ford’s global performance version of the new Focus.

Ford Motor Company’s 1.0-liter EcoBoost® engine, which lowers fuel consumption without sacrificing power, was today named 2014 International Engine of the Year for an unprecedented third straight year.