1996 F-350 Powerstroke Xlt 5-speed on 2040-cars

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Auto investor Kirk Kerkorian dead at 98

Kirk Kerkorian, among the most talked-about investors in the American auto industry in recent memory, died at the age of 98 in Los Angeles on Monday, June 15. The billionaire ran the investment company Tracinda Corp. and was the largest shareholder in MGM Resorts International. Kerkorian attempted to use his power as a well-financed investor to push the auto industry in some fascinating ways. In 2006, he used his nearly 10-percent stake in General Motors to push a merger with the Renault-Nissan Alliance. The deal made it as far as discussions, but eventually fell through. Kerkorian also attempted to purchase Chrysler - twice. According to Automotive News, the first effort came in 1995 with a $22.8-billion offer for the automaker, and soon after it failed the company merged with Daimler. Then in 2007, Kerkorian was back with a bid for $4.5 billion, but things eventually fell to Cerberus. The billionaire finished the trifecta by buying up $1 billion in Ford stock in 2008 to make Kerkorian the single largest investor in the company. However, the situation didn't last long, and by the end of that year, he had unloaded the shares. According to Automotive News, Kerkorian was ranked by Forbes as the world's 41st richest man in 2008 with a net worth of $16 billion. News Source: Automotive News - sub. req.Image Credit: Joe Cavaretta / AP Photo Celebrities Earnings/Financials Chrysler Ford GM obituary

Saleen previews new 302 Mustang

The introduction of a new generation of a model like the Ford Mustang may be exciting enough in its own right for enthusiasts, but that's just the tip of the proverbial iceberg, because you know that Ford itself as well as numerous aftermarket tuners will soon follow up with even more desirable versions. And few Mustang tuners carry quite the same clout of Saleen.
Recently reunited after its previous split, Saleen is back on the map and hard at work on new aftermarket modifications for a wide array of muscle cars. We knew it would only be a matter of time before it would release a new 302 Mustang, and now it's sent out the first image to show us what to expect.
Details are scarce, but House that Steve Built says the 2015 Saleen 302 Mustang "is perfectly positioned as the next American exotic." And it should know, considering that it's the same outfit that produced the Saleen S7 that really was a true American exotic. From the teaser image above we can see that Saleen has given its Mustang a new front air dam, a very wide air scoop on the hood and of course Saleen's trademark slat grille.

Chris Harris drives the 2015 Ford Mustang Over There

Ford makes some cars for America, and some cars for overseas. Sometimes those models cross over the ocean in one direction or another, but the Mustang has historically been a pony car meant for America. That all changes with the new model, though. It's not that Ford didn't design the new Mustang for American customers – it's just that it also refined it for markets overseas that aren't quite used to the live-axle brutality to which muscle car enthusiasts in the US have grown accustomed. Now that the Mustang is being offered in Europe – and in the UK with right-hand drive – it was only a matter of time before Chris Harris got his hands on one. And that's just what he's done for this latest video clip, taking a Mustang GT for a spin on both road and track in Wales. That's right, Harris is piloting the V8 model, not the EcoBoost four. So what does he think about an American expat shipped to the British isles? You'll want to watch the ten-minute clip yourself to gather his full impressions. But the long and short of it is that, while Harris doesn't think it's quite the match for something like a BMW M3, the Mustang doesn't cost anywhere near as much as the Bimmer. And that goes a long way, especially with all that rubber laid down on the track in the process.