Free Republic

A Ford GT owner in Boca Raton, Florida crashed his recently purchased supercar into a tree Friday evening because he was "unfamiliar with how to drive stick shift," police say. The driver, 50-year-old Robert J. Guarini, told cops he lost control after downshifting while leaving his housing development at around 6 p.m, a police report says. This led to a head-on collision with a palm tree. Guarini then told a nearby security worker that he did not have his phone and needed a ride back to his house, where he spoke to authorities via landline after leaving the vehicle unattended,...

The last time Ford made a GT, it built more than 4,000 of them and sold each one for around $150,000. Judging by the premiums at which they later traded, they were evidently worth a lot more than that. But this time, the new Ford GT will be far more expensive and far more scarce. Official performance, production and pricing figures have yet to be released, but upon the new American supercar's European debut in Geneva, Ford performance chief Dave Pericak indicated it would be priced competitively with the Lamborghini Aventador – which carries a base sticker price approaching $400,000,...

Ford did it. They actually went and did it. It's been rumored about and speculated on for months, but now we know it's real.This is it: the new Ford GT. Ford just dropped a bomb on the rest of the world, and it's got a twin-turbo EcoBoost V6, if you can believe it.

The move caught the market flat-footed, and, after the announcement, shares of the company were down 90%. The drop in shares of GT on Monday has taken the company's market cap from roughly $1.5 billion Friday to about $175 million.

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