1976 Mercury Cougar Xr-7 Hardtop 2-door 5.8l on 2040-cars

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eBay Find of the Day: Craterface's '49 Mercury convertible from Grease

Here is your chance to own your very own piece of greased lightning. Well, not the Greased Lighting, it's actually the black, flamed 1949 Mercury convertible that races against John Travolta in the classic 1978 movie Grease, and it's for auction on eBay Motors.
While it appeared in the film's exciting drag race in a Los Angeles storm drain, the hot rod was reportedly lost until last year, when the seller found it as a shell. He verified that it was the actual car with original builder, Eddie Paul, and sent the car for a complete restoration.
The auction includes original parts like the exhaust tips used in the movie and bent bumper from when it hit Travolta's car in the scene. The restorer recreated the scorpion stickers on the doors, razor hubcaps and license plate. He also installed a 1949 Mercury 255-cubic-inch (4.2-liter), flathead V8 and three-speed manual transmission with overdrive.

Ford recalls Five Hundred, Mercury Montego sedans over fuel tank woes

Ford has announced through the National Highway Traffic Safety Administration that it is recalling nearly 3,000 examples of its Five Hundred and Mercury Montego (pictured) sedans from the 2007 model year.
The action, which affects 2,945 vehicles, is due to potentially defective welds between the filler neck and the fuel tank, a condition that could result in a fuel leak or the smell of gasoline reaching the occupants. In the worst-case scenario, a leak could cause a fire. Cars with the affected fuel tank problem could see an illuminated dashboard warning light as a result of the evaporative emissions leak being detected.
Ford will inspect and replace the fuel tank at no cost to owners (those who have already had the procedure done at-cost can apply for reimbursement), and the Dearborn automaker will begin notifying Five Hundred and Montego owners beginning August 15. Check out the official NHTSA press release after the jump for further details.

Ford recalling 126,000 Fusions and Milans over wheel separation concern

Ford has announced a recall of certain Ford Fusion and Mercury Milan vehicles after an investigation by the National Highway Traffic Safety Administration. A total of 128,616 2010 and 2011 models equipped with steel wheels may have been manufactured with wheel studs that could crack and split over time. If that happens, the vehicle may experience a wheel separation.
According to The Detroit News, the company is aware of a total of 30 wheel separation incidents, one of which occurred on the front of the vehicle. Even so, no injuries have been reported as a result of the defect.
The problem apparently stems from the fact that the mounting pads on the vehicles' steel wheels may have been faulty from the factory. In addition, the wheel mounting face on rear disc brakes may not have been installed properly. Ford will inspect the rear disc face and replace them as necessary. In addition, the company will replace all of the vehicle's wheel studs free of charge. Head to the NHTSA website for more information, and click past the jump to view the full recall notice.