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2027 Ford F-150 Lariat

Photo: Ford

In today's issue:

  • Ford made $2 billion in the third quarter on truck buyers who have not cut back, while its EV unit lost $1.1 billion

  • 27 car podcasts picked the best cars of the 21st century, and the winner never got a first-place vote

  • Used EVs now sell 13 days faster than used gas cars and cost more on average

  • Volkswagen Group posted its biggest quarterly loss since the diesel scandal

Filtered from 4,059 items published across 307 sources in the last 24 hours.

THE TRUCK CUSHION

  • Ford earned $2.0 billion in net income in the third quarter on revenue of $49.5 billion, down 2%, and raised the low end of its full-year adjusted operating profit forecast to a range of $10.5 billion to $11 billion, per Ford. Net income was 16% lower than a year earlier, per Automotive News.

  • "We have not seen any (sales) decreases in the F-Series," CFO Sherry House told reporters on Oct. 28, describing truck buyers as "incredibly resilient" in both retail and fleet, per Automotive News. The national average for regular was about $4.23 a gallon as of this morning, per AAA.

  • Ford is building F-150s faster than usual to restock after a supplier problem disrupted production for nearly a week in September, and is aiming for 55 to 60 days of supply instead of its usual 80 to 100, per CBT News.

  • Its Canadian plant in Oakville, Ontario, has started shipping Super Duty pickups after more than two years and nearly C$5 billion spent retooling its Canadian operations, and is planned to build about 100,000 a year on one shift, per Automotive News.

  • The EV unit, Model e, lost $1.1 billion, 25% less than a year earlier, on revenue that fell 31% to $1.2 billion, per Ford. Ford still expects EVs to break even by 2029, a bet that rests on the Fathom pickup due late next year, per Automotive News.

Ford now expects higher prices for copper, steel, fuel and chips to cost it nearly $2.5 billion this year, up from about $2 billion, and its U.S. sales were down 8.6% through September as the Escape was phased out, per CBT News. CEO Jim Farley expects 2027 profit roughly in line with this year's, per Automotive News. For a shopper, a 55-to-60-day supply target means thinner F-150 lots than usual, which usually means less room to bargain, through the end of the year. Read Automotive News' full story.

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From Car Curious

The Best Cars of the 21st Century, as Chosen by 27 Car Podcasts: Car Curious, our sister car-podcast platform, asked 27 car podcasts to rank up to 10 cars built since 2000 that their hosts have driven or owned. The Chevrolet Corvette C8 won with 43 points without a single first-place vote, ahead of the Porsche Carrera GT, Tesla Model Y and Honda S2000, and the Porsche 911 scores highest once its generations are added together.

Also worth knowing

Used EVs Now Sell 13 Days Faster Than Used Gas Cars, and Cost More: One- to five-year-old used EVs took an average of 41.9 days to sell in September, 10% faster than a year earlier, while used gas cars took 54.8 days, 19.9% slower, per iSeeCars data reported by Road & Track. The average one- to five-year-old used EV sold for $32,533, up $2,896 in a year, or $579 more than the average used gas car; a year ago it cost $2,227 less. The Audi Q4 Sportback e-tron, Toyota bZ4X and Lexus RZ 300 were among the 10 fastest sellers, while the Cadillac Escalade iQ and GMC Sierra EV were among the slowest, per AutoGuide. #market

Volkswagen Group Posted a €5.9 Billion Operating Loss, Its Biggest Quarterly Loss Since 2015: The operating loss was more than double the €2.6 billion analysts expected, and a company spokesperson said it was the largest since the fourth quarter of 2015, when VW booked charges for the diesel emissions scandal, per Automotive News. CFO Arno Antlitz said about €8 billion of it came from special items, part of the €10 billion in one-time charges, including a €6 billion write-down of its Porsche stake, that VW warned of on Sept. 18 when it cut its 2026 margin forecast to 1%. He added that the operating margin before them was just 3.8% after nine months, "not enough in the long term." VW's Chinese joint ventures lost €113 million in the first nine months, against a €744 million profit a year earlier. #analyst

Honda and Acura Sold 54% More Cars to Fleets This Year, and CR-V Supply Fell to 34 Days: Honda and Acura fleet sales rose to 124,485 in the first nine months, lifting fleet to 11% of their volume from 7.4%, per Cox Automotive data reported by Automotive News. Many go to dealers as service loaners that return as low-mileage certified used cars after 9 to 12 months. CR-V fleet volume rose 84%, leaving dealers with a 34-day supply of Honda's best seller in September, and about 20% of Accords sold through September went to fleets. #market

Honda CR-V EX-L

Photo: MercurySable99 / Wikimedia Commons, CC BY-SA 4.0

Carvana Sold More Than 200,000 Cars in a Quarter for the First Time: The online retailer sold 217,385 vehicles in the third quarter, revenue rose 42% to more than $8 billion and net income rose 84% to $483 million, per Automotive News. Carvana says it is on pace for about 870,000 vehicles a year, 2% of the used-car market, and has bought seven Chrysler-Dodge-Jeep-Ram dealerships since February 2025. #market

Reveals & culture

McLaren Hints Its 750S Replacement Will Be the McL 820, With About 809 HP: McLaren hid the name on a giant kiwi sculpture in London's Covent Garden on Oct. 29, and the number follows its practice of naming cars for their output in metric horsepower, per Autocar. The supercar is due next year with one of two new hybrid powertrains that McLaren is developing and will build in-house for the first time.

Mazda's U.S. Chief Says the Next Miata Is Coming in the "Not-Too-Distant Future": "The MX-5 Miata is our brand," Mazda North American Operations CEO Tom Donnelly told Edmunds, and said Mazda will carry "the best elements" of the 2023 Iconic SP concept into future versions. He did not confirm or rule out a rotary engine.

Mazda Iconic SP concept

Mazda Iconic SP concept. Photo: TTTNIS / Wikimedia Commons, CC0

Mitsubishi's New Pajero Goes on Sale in Japan Dec. 17 After 5,500 Pre-Orders: Pre-orders that opened Oct. 1 have already passed Mitsubishi's sales target for the fiscal year, and the SUV is already on sale in Thailand, per Mitsubishi. Japan gets four trims, from the off-road GLS and GSR to the Super Exceed with 20-inch wheels.

Mitsubishi Pajero

Photo: Mitsubishi

Toyota Lowered the Crown Signia Nearly 5 Inches for SEMA, but Left Its 240 HP Alone: The Crown Signia GT-S concept, built by Toyota Motorsports Garage, rides on custom MCS coilovers and 21-inch HRE wheels with 295-mm Toyo tires under widebody fenders, and borrows its brake calipers from the Lexus RX 500h F Sport, per Car and Driver. Toyota announced no engine or hybrid changes beyond a custom exhaust, so it keeps the standard car's 240-hp four-cylinder hybrid, the same approach as last year's Camry GT-S concept, per Road & Track.

Toyota Crown Signia GT-S concept

Photo: Toyota

A Tesla Semi Caught Fire on I-880 Without a Crash, Closing Its Southbound Lanes for 10 Hours: The truck, an early Semi hauling for Frito-Lay, caught fire at about 5:35 p.m. on Oct. 27 in Hayward, California; the driver got out unhurt, and the southbound lanes stayed closed until about 3:30 a.m., per The Autopian. The California Highway Patrol said the battery made the fire hard to put out.

Yesterday's picks

GM Is Readying Its Three-Row SUV Plant for Hybrids. Today Its Only Hybrids Are Corvettes.: GM said Oct. 27 it will prepare Lansing Delta Township Assembly, which builds the Chevrolet Traverse, Buick Enclave and GMC Acadia, for hybrid production, as part of more than $2 billion it plans to invest in the Lansing area, including $1.25 billion already announced for Lansing Grand River Assembly, per GM. GM named no models and gave no timing, saying details would come "closer to launch."

Stellantis Made Money in North America Again, and Still Burned €4 Billion in Cash: Third-quarter adjusted operating income rose to €256 million from €90 million, and North America swung to a €64 million profit from a €475 million loss a year earlier on new models such as the Ram 1500 Hemi and Jeep Cherokee hybrid, per Automotive News. U.S. sales of the Ram 1500 rose 73% in the quarter from a year earlier, per Stellantis. Europe was the only region to lose money, €311 million, and industrial free cash flow was negative €4.0 billion, €0.3 billion better than a year earlier. U.S. dealer inventory stood at 368,000 vehicles at the end of September, 84 days of supply, and Stellantis expects 320,000 to 350,000 by year end. It kept its target of positive cash flow in 2027 and will present a new plan for Maserati on Dec. 10.

Worth a listen

One episode from Car Curious, our sister car-podcast platform, picked out of everything the shows published in the last day.

How Bring a Trailer rewrote the collector car market (The Drivecast, also at thedrive.com): The Drive's Kyle Cheromcha and Joel Feder trace how Bring a Trailer grew from a 2007 blog of Craigslist finds into an auction site whose curators hand-check more than 300 submissions a day, and ask whether the "Bring a Trailer tax" on enthusiast cars is permanent.

The Drivecast

The Drivecast

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