1956 Ford Fairlane 427 Stroker Tunnel Port 4-speed, Very Nice!!! on 2040-cars

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Ford, Renault, VW shareholder oppose French aid for PSA/Peugeot-Citro"en

Pots and kettles, glass houses and stones - that's a little of what we appear to have going on in the European car market. New reports say that that three European automakers have registered their opposition to a loan deal that PSA/Peugeot-Citroën is working on with the French government. Peugeot's finance arm, Banque PSA Finance, is struggling with its debts and has been downgraded by Moody's to its lowest investment-grade classification, one step above junk. This makes it more expensive for a potential buyer to finance a car through Peugeot. The last thing Peugeot needs is more difficulty selling cars in the tough European market, and the situation will only worsen if the bank's credit worthiness takes another hit.
A deal being worked on would have the French government offer €7 billion ($9B U.S.) in bonds to guarantee the bank's loans, which would give the institution some breathing room to manage its debts and lower its interest rates. Outside of that, a group of banks would provide other, non-guaranteed loans to the bank to further help its position. In exchange for state help, though, the government wants seats on Peugeot's board for worker representatives and a government liaison, along with factory and worker guarantees. The Peugeot family would maintain control of the company.
So what we have is government assistance being provided to a car company's finance arm, akin to the way General Motors' GMAC (now Ally Financial) and Chrysler Financial got help in their time of need. What we also have is Ford and Renault, and Germany's State of Lower Saxony, the second-largest shareholder in Volkswagen, voicing their concern about the proposal, because they say it could create an unfair competitive advantage for Peugeot. Everyone in Europe's down market is fighting for every sale, and if Peugeot gets help to keep its auto loan costs down, it figures to help buyers choose Peugeot or Citroën.

Leno drives Henry Ford II's all-original '52 Ferrari 212 Barchetta

The story of the relationship between Henry Ford II and Enzo Ferrari is absolutely fascinating. The two great men of the auto industry had what appeared to be a burgeoning friendship until Ferrari pulled out of a deal to sell his company to Ford in the '60s. The latest car featured in Jay Leno's Garage is a 1952 Ferrari 212 Barchetta that tells the very beginnings of that story.
This Prancing Horse was a gift to Ford from Enzo when the two companies were first thinking about merging, according to the curator of the Petersen Automotive Museum. Ferrari really wanted to show off its best so instead of the 212's normal V12, this car was fitted with the larger 2.7-liter unit from a Ferrari 225. The car has been almost unaltered since then. It still wears its original paint, and it's tires date back to 1954.
The great thing about the Petersen is that unlike a lot of auto museums, the people there actually drive the cars and keep them in working order. Once on the road with Leno behind the wheel, this Ferrari really sings. Unfortunately, he can't open it up too much because the 60-year-old tires really hold things back. Scroll down to watch this amazing piece of automotive history and learn it's possible effect on the styling of the original Ford Thunderbird.

Gooding to auction 2016 Shelby GT350 to benefit vets

Gooding & Company will be auctioning off a brand-new 2016 Ford Shelby GT350 on August 15 at Pebble Beach. The chance to own Dearborn's new flagship muscle car is surely enough all on its own to garner some serious bids. Combine that desirability with a hefty dose of star power and the desire to support a good cause and we're sure this particular pony car will be boosted even further. The GT350 is being sold to support the Military Service Initiative at the George W. Bush Institute, a program that seeks to support post-9/11 military veterans and their families as they transition into civilian life. The car's dashboard has been signed by the former president, and will be auctioned off by none other than Jay Leno – who in addition to being an unsurpassed showman and car nut is also known as a passionate supporter of American servicemen. Gooding expects the super-Stang to fetch between $75,000 and $100,000 for the cause – or roughly twice the car's $47,870 MSRP. The 2016 Ford Shelby GT350 Mustang debuted late last year at the LA Auto Show. It packs a new 5.2-liter V8 with a flat-plane crank, kicking out 526 horsepower and 429 pound-feet of torque. That makes it the most powerful naturally aspirated engine Ford has ever made. "This is one of the most exotic engines ever produced by a major American manufacturer plus the fact that it's going into the most American of cars," said Jay Leno. "I am proud to help auction this car off where the proceeds will go to helping our veterans." Related Video: 2016 Ford Shelby GT350 to be Auctioned to Benefit the George W. Bush Institute's Military Service Initiative at Gooding & Company's Pebble Beach Auctions Jay Leno to present the Ford Shelby GT350 as it crosses the block on Saturday, August 15 SANTA MONICA, Calif. (August 3, 2015) – Gooding & Company, the official auction house of The Pebble Beach Concours d'Elegance®, is thrilled to offer for sale a 2016 Ford Shelby GT350. The sale of this Shelby will benefit the George W. Bush Institute's Military Service Initiative, a charity that honors the service and sacrifice of post-9/11 veterans and military families by bridging the civilian-military divide and fostering a successful transition and reintegration from military service to civilian life. The 2016 Ford Shelby GT350 is the first vehicle to implement Ford's new race-derived flat-plane crank 5.2-liter V-8, the most powerful naturally-aspirated engine ever to grace a Ford.