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Jay Leno takes a Surfin' Safari in a 1937 Ford Woodie Restomod

Woodie wagons were a major part of surfing culture in the 1960s, offering coastal style and a ton of room, and they even earned a mention in the Beach Boys' classic song Surfin' Safari. This week, Jay Leno's Garage takes a look at two modern, restomodded examples of these style icons.
Unlike a lot of restomods, builder Scott Bonowski keeps these wagons looking almost completely stock on the outside, and all of the upgrades are hidden underneath the timber. You can't tell by looking at it, but the '37 Woodie (pictured above) has independent front and rear suspension, disc brakes and a Ford 5.0-liter V8 under the hood.
Beyond the mechanical aspect, the craftsmanship into the wood is astounding. Bonowski claims there are between 30 and 50 coats of varnish on this wagon. It makes these woodies as much of a piece of fine furniture as a vehicle to drive.

Martini Mustang is a 'what if moment' gone right

Feast your eyes on a masterpiece. This is Steve Strope's Ford Mustang in the classic fastback bodystyle, and as you'll notice, it sports the signature colors of Martini Racing, a livery that's as legendary as any Gulf Racing-styled car. But the red, white and blues of the Martini stripe down this Mustang's middle tell only a very small part of the story, in the latest video from Petrolicious.
What would you guess is under the hood? A 289-cubic-inch V8? Maybe a 302, or some absurd Ford crate engine? Maybe Strope went all Tokyo Drift - he's actually responsible for the "Hammer" Plymouth Satellite driven by Vin Diesel at the end of the movie - and found an RB26DETT to drop into the pony car? You'd be wrong on all counts.
This mad, mad man somehow finagled a Ford-Lotus engine from a 1966 Indianapolis 500 car into the Mustang's engine bay. Yes, a Mustang with an engine designed for a 160-mile-per-hour, open-wheel racecar. That's like someone in 40 years dropping McLaren's 2.4-liter V8 from the MP4-28 into a Scion FR-S. It'd just make a monster.

Ford posts decade-best $2.1B profit in Q1 2013

As predicted, Ford has reported that its first quarter of 2013 was a resounding success overall, with a pretax profit of $2.1 billion ($0.41 per share), and a net income of $1.6 billion ($0.40 per share). In fact, Ford made a pretax profit of some $2.4 billion in its home North American market, with that total number being pulled down by losses in South America and Europe. That gaudy North American profit is the strongest result by the automaker since 2000.
Ford's companywide profit for Q1 was down $147 million from one year ago, while the net income number marked an increase of $215 million year over year. Overall, this is Ford's 15th-consecutive profitable quarter.
The bad news from the European market was even worst in Q1 2013 than it was last year. Pretax losses of $462 million - on revenue of $6.7 billion - represented a year-over-year change of -$313 million. In South American, the company reported a loss of $218 million, down from a slim profit of $54 million in Q1 2012. The news was better for Ford Asia Pacific Africa, where a $6 million pretax profit in 2013 showed a year-over-year gain of some $101 million when compared to losses in 2012. Scroll down to read Ford's full press release.