Cadillac was formed from the remnants of the Henry Ford Co when Henry Ford departed along with several of his key partners and the company was dissolved. With the intent of liquidating the firm's assets, Ford's financial backers,called in engineer Henry Leland to appraise the plant and equipment prior to selling them. Instead, Leland persuaded them to continue the automobile business using Leland's proven 1-cylinder engine. Henry Ford's departure required a new name, and the company reformed as the Cadillac Automobile Company.

The Cadillac automobile was named after the 17th century French explorer Antoine Laumet de La Mothe, sieur de Cadillac, founder of Detroit in 1701.

The Fisher-bodied Series 40-62 was the new entry level product for the 1940 model line and was upgraded with a low sleek "torpedo" style C-body with chrome window reveals, more slant in the windshield, and a curved rear window. The new C-body was shared with the Buick Roadmaster and Super, the Oldsmobile Series 90 and the Pontiac Custom Torpedo. It featured shoulder and hip room that was over 5 inches wider, the elimination of running boards and exterior styling that was streamlined and 2-3 inches lower. When combined with a column mounted shift lever connected to the Hydramatic automatic transmission, the cars offered true six passenger comfort. It was GM's competitor to the popular selling Packard One-Twenty.

The styling feature distinguishing all V-8 Cadillacs was once again the grille. Although grilles had the same pointed shape as in 1939, the grille bars were heavier and fewer in number. Two sets of louver bars appeared on each side of the hood. Running boards were a no cost option. The Series 62 was available as a club coupe or a sedan, with 2-door and 4-door convertibles introduced mid-year.

Sales totaled 5,903 in its inaugural year accounting for about 45% of Cadillac's sales.

This Spectacular Example has been treated to a no expense spared professional restoration to the highest standard. Finished in a striking catalogue color scheme this car is just poised to collect a bunch of trophies on the show circuit. If you are looking for the finest 40 Cadillac Convertible you can find here is your car!