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Road & Track samples rare 1995 Ford Mustang Cobra R

The modern performance variant of the Ford Mustang enjoys a long, illustrious history. While well-known examples like the Boss 302, Shelby GT350, and Shelby GT500 get all the attention, the modern versions of these cars may not have been possible had it not been for the three generations of the Cobra R, sold in 1993, 1995, and 2000. Limited to just 250 examples, the second-generation model wasn't as rare as the Fox-body Cobra R that preceded it, but they were still pricey and difficult to acquire. Customers were required to hold a competition license in order to take delivery, and prices were roughly equivalent to $59,000 in today's money. As Road & Track tells it, neither of those facts were a handicap – Ford sold its entire roster of 1995 Cobra Rs in just five days. RT's Jack Baruth managed to score a drive in an extremely low-mileage example of this now-vintage track star. He delivers an interesting look into the way a performance car from two decades ago behaves in today's world, and finds that despite its age, the 1995 Cobra R is still "a true sweetheart." Check out the full feature over at Road & Track. Related Video:

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...

Creations n' Chrome Top Notch Mustang is a one-of-a-kind fox

Is there a cooler car from the 1980s and early 90s to mod than a Fox-body Ford Mustang? No, there isn't. If you disagree with us, we suggest you have a look at this 1990 Mustang Coupe, which just might change your mind. Although considering just how extensively modified this car - the Top Notch Mustang from Creations n' Chrome - is, we wonder just how much Ford is left in this old pony.
It rides on a custom race tube chassis that weighs a scant 700 pounds, while carbon-fiber bits and bobs help lower the overall curb weight to a mere 2,400 pounds. When paired with supercharged, 5.0-liter, Aluminator V8 from Ford Racing, the results are, doubtlessly, exciting. 855 horsepower at the rear wheels and 667 pound-feet of torque are available from that force-fed V8 should be just plenty for this car's intended purpose of running in standing-mile competitions.
The Top Notch Mustang is more extreme than just weight savings and a big engine, though. That 5.0-liter is essentially in what's known as a front-mid layout - where the engine is actually behind the front axle. In this case, the 5.0-liter V8 is 17 inches further back than a factory Fox-body, for better weight distribution. As a result, the cabin has been completely overhauled. An SLA front suspension, wheels from HRE, Wilwood brakes and Sparco interior items round out the extensive list of mods.