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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.

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.

Has the 2015 Ford Mustang gained hundreds of pounds?

Automakers face competing interests when it comes to developing a new generation of vehicle. On the one hand, companies want to build their cars to be safer and better handling, with more equipment and maybe even larger dimensions over the model it's replacing. On the other hand, they strive to keep weight down to the benefit of both performance and fuel consumption. Usually something has to give, and in the case of the new 2015 Ford Mustang, those efforts may have resulted in a weight penalty of two or three hundred pounds.
This according to Blue Oval modifier Steeda Autosports, which states that "the 2015 Mustang ended up gaining 200-300 pounds in this remake". Despite the Mustang not being on the market yet, it would appear the leading Ford aftermarketer has been given early access to the 2015 model to help jumpstart its tuning efforts (a rather common development among trusted tuners). If Steeda's assertion is accurate, that would make the challenge of getting the new pony car up to speed for both Ford and aftermarket customizers like Steeda that much greater.
We're waiting for official word from Ford on the veracity of Steeda's claim, but if true, it's bound to be a bit of disappointing news for legions of Blue Oval performance enthusiasts. Watch this space for more.