1965 F100 Red And White, 352, Auto, Power Steering, Original Interior on 2040-cars

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Ford looks back on 50 years of the Mustang in Detroit

Ford has something special sitting in its booth here at the 2014 Detroit Auto Show. In fact, it brought two special somethings in the form of the Ford Mustang 1 Concept that first saw the light of day in 1962 and the very first production Mustang that rolled off the production line in 1964.
These classic creations are sharing floor space with the brand-new 2014 Mustang in honor of the pony car's 50th Anniversary. Since Ford's latest 'Stang already made its auto show debut (at a number of locations, including Los Angeles), we think it's pretty cool that the Blue Oval did something special for its home-town show.
Check out both the Mustang 1 Concept and first production 1964.5 Mustang above and below.

Rising aluminum costs cut into Ford's profit

When Ford reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminum prices have risen 20 percent in the last year and nearly 11 percent since Dec. 11. Steel prices have risen just over 9 percent in the last year. Ford uses more aluminum in its vehicles than its rivals. Aluminum is lighter but far more expensive than steel, closing at $2,229 per tonne on Tuesday. U.S. steel futures closed at $677 per ton (0.91 metric tonnes). Republican U.S. President Donald Trump's administration is weighing whether to impose tariffs on imported steel and aluminum, which could push prices even higher. Ford gave a disappointing earnings estimate for 2017 and 2018 last week, saying the higher costs for steel, aluminum and other metals, as well as currency volatility, could cost the company $1.6 billion in 2018. Ford shares took a dive after the announcement. Ford Chief Financial Officer Bob Shanks told analysts at a conference in Detroit last week that while the company benefited from low commodity prices in 2016, rising steel prices were now the main cause of higher costs, followed by aluminum. Shanks said the automaker at times relies on foreign currencies as a "natural hedge" for some commodities but those are now going in the opposite direction, so they are not working. A Ford spokesman added that the automaker also uses a mix of contracts, hedges and indexed buying. Industry analysts point to the spike in aluminum versus steel prices as a plausible reason for Ford's problems, especially since it uses far more of the expensive metal than other major automakers. "When you look at Ford in the context of the other automakers, aluminum drives a lot of their volume and I think that is the cause" of their rising costs, said Jeff Schuster, senior vice president of forecasting at auto consultancy LMC Automotive. Other major automakers say rising commodity costs are not much of a problem. At last week's Detroit auto show, Fiat Chrysler Automobiles NV's Chief Executive Officer Sergio Marchionne reiterated its earnings guidance for 2018 and held forth on a number of topics, but did not mention metals prices. General Motors Co gave a well-received profit outlook last week and did not mention the subject. "We view changes in raw material costs as something that is manageable," a GM spokesman said in an email.

Texan finds creative way to clear highway fast lane

Few things are as infuriating as someone driving slow in the fast lane. A Jeep driver from Texas found himself in just such a predicament near Fort Worth, and came up with a creative way to urge the offending lane-blocker to get a move on. Machine, a YouTuber and off-road enthusiast from the Lone Star State, posted some dashcam footage to his account back in March which showed him stuck behind a slow driver. He was attempting to pass a slow-moving bobtail Peterbilt tractor when he got hung up by a white Ford Econoline squatting in the passing lane. On his YouTube page, Machine stated that the van, which apparently belonged to a plumbing company, was traveling along between 60 and 70 miles per hour along a stretch of highway with a stated speed limit of 70 mph. Confronted with the slow-moving van blocking the left lane, and traffic in the right lane, Machine called the number on the back of the Econoline and politely asked him to get out of the way. In the Econoline, the passenger picked up and was momentarily confused as Machine asked him to ask his driver to move out of the lane and let traffic pass. The van sped up, passed a tractor-trailer, and got out of the way, much to the relief of the traffic behind him. According to CBS news, 38 states have laws on the books to punish slow drivers squatting in the passing lane. In five of those states, the fine is upwards of $1000, and 22 states classify it as a misdemeanor. Related Video: News Source: YouTube, CBS News Auto News Humor Weird Car News Ford Jeep Driving Safety Minivan/Van SUV Commercial Vehicles wrangler passing lane