1977 Ford F-100 Ranger Cab & Chassis 2-door 5.0l on 2040-cars

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Former Ford president, Jaguar chairman Nick Scheele dead at 70

We have the privilege here at Autoblog of reporting a lot of good news, but it is our duty as well to report the bad news and sad news as well. And this is one of those occasions as the automotive industry mourns the passing of one of its leaders.
Nick Scheele was born in the UK in 1944 and joined the Ford Motor Company upon graduating from the University of Durham in 1966, staying within the Blue Oval's portfolio for the entirety of his career. After moving to North America in 1978, he rose through the ranks to become president of Ford's Mexican operations in 1988. After acquiring Jaguar, Ford appointed Scheele as its chairman.
Scheele subsequently acted as chairman of all of Ford's European operations, making difficult decisions to take the division out of the red and into the black. He briefly headed up Ford's North American division before he was appointed in 2001 as president and chief operating officer of the global automaker, working under CEO Bill Ford following the departure of Jacques Nasser departure and retaining the role until his retirement in 2005.

Unrestored 1969 Shelby GT500 one of many classic barn finds going to auction

We love a good barn find here at Autoblog. We like that there's a palpable excitement and sense of mystery surrounding barn finds. Each case has its own uniqueness to it, and this latest discovery is no different: an unrestored, one-owner 1969 Shelby GT500 with just 8,531 miles on it.
In the case of this particular barn find, many of the typical questions have already been answered. For example, we know who owned it - his name was Larry Brown. He recently passed away, and as he had no wife or children to inherit the estate, the car he purchased at Pennsylvania Ford dealer in May of 1969, will be auctioned off by Ron Gilligan Auctioneers.
The car was fastidiously maintained, having never been driven in the rain. In fact, Brown never even washed it, out of fear of it rusting. According to the auction website, the last time this car saw water was probably when it was detailed ahead of being delivered to Brown. If that doesn't sound like a fanatical sense of maintenance on the part of this GT500's owner, this next part will. The interior has been treated to a similarly painstaking attempt at preservation, with garbage bags covering the seats and two layers of floor mats over the carpets. The result is a car that, aesthetically, is in remarkable shape considering it's spent so long in a barn.

Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.