1994 Mustang Gt Bob Bondurant Race Car/track Car "a Part Of Racing History" Cool on 2040-cars

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Ford paying $750 million just to close plant in Belgium

According to a report from Reuters, Ford is shelling out $750 million in a severance deal that will see the automaker close its facility in Genk, Belgium. The automaker reached this deal with the 4,000 hourly workers employed at the plant last week, which means the company will pay out an average of $187,500 per worker.
Ford is still negotiating with the 300 salaried workers at the factory, which currently produces the Mondeo sedan. All told, Ford expects to lose around $2 billion in Europe thanks in no small part to the region's ongoing economic downturn, and two more plants are scheduled to be shut down in Europe this year. The company will log its $750 million payout under "special items" for this quarter.
As you may recall, Ford took a similar path in the US back in 2009 when the domestic market took a spill. Back then, the company shelled out around $50,000 per employee with at least one year of experience, plus either $25,000 toward a new car or an extra cash payment of $20,000. It would seem the cost of closing plants in Belgium is a much harder pill to swallow than in the States...

BMW M4 versus Audi RS5 | Autoblog Podcast #546

On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Associate Editor Reese Counts. We debate the merits of the BMW M4 and the new Audi RS5 and our hopes for the refreshed Mercedes-AMG C63. We also discuss the state of Cadillac, the future of the Ford Fusion and the rumored Mercedes-AMG competitor to the Porsche 718 Boxster and Cayman. Autoblog Podcast #546 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2018 BMW M4 versus 2018 Audi RS5 Cadillac and Mercedes-AMG sport coupes The state of the luxury car industry The future of the Ford Fusion Replacement for the Mercedes-Benz SLC Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: Design/Style Podcasts Audi BMW Cadillac Ford Lexus Lincoln Mercedes-Benz Convertible Coupe Crossover SUV Luxury Performance bmw m4 mercedes-amg c63

eBay Find of the Day: 1970 Ford Torino King Cobra prototype

Over the last decade or so, competition in NASCAR has led to some pretty funky looking racecars. And when the sport was still up and coming, the tight competition actually led to some interesting production cars. The Dodge Charger Daytona and Plymouth Superbird are perhaps the most well-known cars of the sport's "aero wars" era but the Ford Torino King Cobra might have been the most memorable of all, if not for some different homologation rules established in 1970. The Torino King Cobra never made it to production and never competed in NASCAR, but three examples exist including this one now for sale on eBay.
Designed as a successor for the aero-tuned Torino Talladega, the Torino King Cobra has a sleeker front end with hidden headlights and a sloped nose. As the story goes, NASCAR made a rule change in 1970 requiring 3,000 of the vehicles to be produced, which was substantially more than the 500 units required by the previous rule. One of the three prototypes ever built - and the only one built with the Boss 429 engine - is now for sale on eBay with a starting bid of $500,000. With a little more than three days left on the auction there are still no bids, but in the grand scheme of things this seems like a relatively fair price for a rare piece of automobile and racing history.