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1964 Ford GT40 prototype to be auctioned in April

The Ford GT40 owns a firm spot on the list of the greatest American racecars ever made, being the first car from the United States to take an overall win in the 24 Hours of Le Mans. And now Mecum will auction what it claims is second-oldest GT40 still in existence at its Houston sale on April 12.
The story of the GT40 is fascinating. Henry Ford II attempted to buy Ferrari in the early '60s, but Enzo refused. Ford decided if he couldn't have them, then he would beat the Prancing Horse on the track. Ford went to Carroll Shelby and asked him to spearhead the program. The early cars combined a steel monocoque chassis with Ford's 4.2-liter V8 engine pumping out around 350 horsepower. The first prototype made its public debuted on April 1, 1964, at the New York Auto Show.
Shelby kept building prototypes, including GT/104, which is for sale here. This version featured a lighter steel chassis and was raced at Le Mans in 1964. However, a fire forced it to retire. It was then repainted and had a 4.7-liter (289-cubic-inch) engine fitted. The chassis had its best finish at the 1965 Daytona Continental 2,000 Kilometers where it finished third with Bob Bondurant and Ritchie Ginther behind the wheel. Later that season, it was shipped back to Ford where it was restored and displayed at auto shows until 1971 when the automaker sold it. Since then, it has had many private owners.

Ford Q1 profits dragged down by warranty costs

General Motors isn't the only Detroit automaker posting falling profits in the first quarter. Ford just released its Q1 2014 financial data, and it reported a net income of $989 million, down $622 million from Q1 2013. The drop is partially blamed on higher warranty and recall expenses than the company had anticipated.
Financially, Ford suffered a rough quarter almost across the board. Its pre-tax profit of $1.4 billion was also down $765 million from a year ago. Things were even worse in the North American market where operating profit fell significantly to $1.5 billion, down from $2.392 billion in Q1 2013. However, its global revenue ticked up slightly to $35.9 billion, from $35.6 billion in this period in 2013.
Ford admitted that it spent about $900 million on expenses that it hadn't planned for during this quarter. According to Reuters, the company paid about $400 million in additional warranty and recall costs in North America. The automaker didn't explain why the costs were so much higher than expected. However, in the last three months, Ford has had several recalls, including on the 2001-2004 Escape for rust, Explorer for its steering, Edge for its fuel line and others.

Inside the 2016 Ford Focus RS at the New York Auto Show

The Ford Focus RS made its US debut Wednesday at the New York Auto Show, offering Americans their first chance to experience the hot hatch live and in the flesh. Naturally, we wanted to know more, especially about what the Focus RS will mean to US buyers. We caught up with John Wicks with Ford Performance program management and Omar Odeh, a Focus product marketing manager, on the show floor of the Javits Center in New York, where they explained the ins- and outs of all-things Focus RS. The car was first revealed in Germany in February, and then traveled to the the Geneva Motor Show in March. It will employ a modified version of the 2.3-liter EcoBoost four-cylinder used in the 2015 Mustang tuned to make more than 315 horsepower. It also received upgraded brakes, suspension components and aerodynamic pieces compared with more sedate Focus models. Underscoring its sporting credentials, Ken Block helped Ford engineers during the hatch's development, and the Focus RS showcases a new all-wheel-drive system with torque-vectoring. The New York show debuted two colors that will be worn on the production Focus RS: a light, bright shade called Nitrous Blue and a more sinister hue named Stealth Gray. The Focus RS enters production late this year at a factory in Germany. New York Auto Show Ford Hatchback Performance Videos 2015 ny auto show