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Ford GT supercar priced at 139,995 US dollars
AFP ^ | Wed, Dec 31, 2003

Posted on 12/31/2003 10:49:16 AM PST by presidio9

When Ford Motor Co.s much-anticipated rival to Ferrari goes on sale next summer, it will debut with a 139,995 US dollar price tag.

Ford officials announced pricing for its 2005 Ford GT supercar Monday at the Greater Los Angeles Auto Show, nearly two years after the vehicle debuted as a concept in Detroit at the 2002 North American International Auto Show.

The company will begin building the GT in Wixom, Michigan, early next summer in volumes limited to about 1,750 units annually over a two-year production run.

"The Ford GT is a showcase of Ford Motor Companys heritage," says Marty Collins, Ford divisions general marketing manager.

The car is inspired by the 60s-era sports race coupe that earned international acclaim both on the track and on the open road, Collins says.

"For drivers who share our passion, it would be equally desirable at twice the price," Collins says.

Even at its current price, Fords GT will undercut its chief competition in the market, Ferraris 360 Modena, which retails at about 14,000 US dollars more than Fords asking price.

Although Ford benchmarked the 360 Modena in producing its GT, domestic competition could soon arise as General Motors is expected to unveil a similarly-tuned high-performance of its Chevrolet Corvette in coming years, but official details are yet to be announced.

Ford is banking on a high-income, 50- to 60-year-old demographic, to combine with the vehicles storied heritage to help move a car with a six-figure price-tag off dealer lots and into collectors garages, according Karl Brauer, editor-in-chief of California consumer research firm, Edmunds.com, Inc.

In addition, it will look to capitalize on the interest generated even among its own salaried ranks, within which many, including the company's chairman Bill Ford Jr., are on a waiting list to buy the car.

"Rumor has it that hundreds within Ford Motor Company are among the first in line to buy a GT. Right behind them are the dealership owners, many of whom have been patiently waiting for a car like the GT to fulfill their exotic-car desires," that could never be satisfied by a foreign nameplate like Ferrari or Porsche without bringing along unwanted political baggage.

In addition to Ford execs and dealers, an undisclosed number of private buyers have placed multi-thousand-dollar deposits at local Ford dealerships even though the automaker is yet to decide which of its 3,850 dealers will get the vehicle.


TOPICS: Business/Economy; Culture/Society; Extended News; Miscellaneous
KEYWORDS: autos; escort; fiesta; ford; fordgt; maverick; pinto; supercar; tempo
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To: presidio9
This one's cuter and this one's hotter
61 posted on 12/31/2003 2:23:02 PM PST by JudgemAll
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To: presidio9
I like the masculine square chin of the mustangs. This makes it unique in its kind.
62 posted on 12/31/2003 2:24:49 PM PST by JudgemAll
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To: presidio9
The only thing bothering me about Ferrari is their Atmospheric only engines. It's a snobish approach to "pure" automobile that I do not like.

I like turbo or superchargers for all altitude PikesPeak type races. Crude hot rodding of vehicles does not bother me.
63 posted on 12/31/2003 2:28:02 PM PST by JudgemAll
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To: presidio9
Seems to me that even if GM comes up with beefier competition, Ford still has that V-10 block. If they could just find a way to wedge that sucker in...that is.
64 posted on 12/31/2003 2:28:59 PM PST by B Knotts (Go 'Nucks!)
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To: xrp
The indentation are about collecting air from below to create a vaccuum under, thus improving "road grabbing".
65 posted on 12/31/2003 2:29:05 PM PST by JudgemAll
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To: presidio9
More overpriced American auto crap! Wouldn't have been surprised if they said that was the price tag for the new Focus.
66 posted on 12/31/2003 2:48:21 PM PST by Conservative til I die
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To: RiflemanSharpe
Ford's do suck. We owned an Escort GT back in 1990 or so (damn thing looked like an old Hyundai Excel) and it was the biggest lemon in the world. I will never buy American, based on that experience.
67 posted on 12/31/2003 2:50:36 PM PST by Conservative til I die
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To: VOA
Someday the braintrust at Ford will wake up and realize that a visible copy of the 1967 Mustang fastback would make the sales number of the "New Beetle" appear pathetic.

Ford did a pretty good job of doing just that, I'd say. The new car clearly takes its front-end and interior styling cues from the '67/'68 Shelby Mustangs, while the rear end and taillight assemblies echo the '69/'70 SportsRoof and Mach 1. Look at these scans from Motor Trend magazine which point out the comparison:


68 posted on 12/31/2003 2:57:00 PM PST by Cloud William
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To: presidio9
Ferraris 360 Modena, which retails at about 14,000 US dollars more than Fords asking price.

Well, if I ever win the lottery, I wonder if I'll buy a Ferrari, which is hand-built by a company that's been in business for about a hundred years and has a solid reputation worldwide for building immaculate race cars that for all intents and purposes are street-legal formula 1's, or will I cut my costs by $14 grand and go with a fly-by-night operation whose parent company has NEVER given the least indication whatsoever that it was interested in quality or perfomance??? Hmmmm . . . decisions, decisions . . .

69 posted on 12/31/2003 3:06:25 PM PST by LibWhacker
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To: Conservative til I die
I will never buy American, based on that experience.

Can't be done anyway. Half the car is metric. Guess what that means.

70 posted on 12/31/2003 3:07:06 PM PST by RightWhale (Repeal the Law of the Excluded Middle)
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To: Ramius; Wneighbor; msdrby
neat car ping
71 posted on 12/31/2003 3:10:12 PM PST by Professional Engineer (28Dec ~ I felt my unborn child move this morning!! __30Dec ~ Junior is a little girl !)
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To: presidio9
I actually like the coupe better than the ragtop.

The Mustang GT coupes have always squeeked and rattled a lot. The convertables would probably be worse.

Rule #1 NEVER buy the first production year of ANY new car.

Rule #2 Don't buy any car with the Ford name on it. They might be OK for trucks, but not cars.

72 posted on 12/31/2003 3:34:09 PM PST by Orangedog (Remain calm...all is well! [/sarcasm])
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To: JudgemAll
The indentation are about collecting air from below to create a vaccuum under, thus improving "road grabbing".

Like the old Cobra Daytona Coupe, those indentations are air ducts. Cool air passes through the radiator and then out the top of the hood. In the Cobra, the engine was up front, so they were looking for a way to prevent that air from pushing against the firewall. The Corvettes, Trans-Ams and Z-28s of the 1970s used "air extractors" in the front fenders to similar effect.

73 posted on 12/31/2003 3:42:08 PM PST by Cloud William
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To: presidio9
Does Carol Shelby have anything to do with this, as he does with evey other great American sports car?
74 posted on 12/31/2003 3:45:25 PM PST by the invisib1e hand (do not remove this tag under penalty of law.)
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To: Conservative til I die
AMEN! I unloaded my 98 Mustang GT this year. The two happiest days I've had were the day I bought it and the day I sold it.
75 posted on 12/31/2003 3:45:26 PM PST by Orangedog (Remain calm...all is well! [/sarcasm])
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To: Leroy S. Mort
Or buy it complete, starting at approximately $110,000.
76 posted on 12/31/2003 3:58:45 PM PST by I_dmc
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To: presidio9
"For an extra $250m, why not go with the real thing?"

Amen! I'm holding out for a red Ferrari myself. Any other color? I don't think so.


77 posted on 12/31/2003 4:00:46 PM PST by Maria S ("…the end is near…this time, Americans are serious; Bush is not like Clinton." Uday Hussein 4/9/03)
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To: presidio9
Ferrari always looks great to me!

F-16 or F1 Ferrari at the flag?

Ferrari Wins!!


78 posted on 12/31/2003 4:04:18 PM PST by Major_Risktaker
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To: B Knotts
F-150...THE car more millionnaires own than ANY other vehicle.
79 posted on 12/31/2003 4:05:25 PM PST by Maria S ("…the end is near…this time, Americans are serious; Bush is not like Clinton." Uday Hussein 4/9/03)
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To: B Knotts
You mean the 911 Turbo?

No, the 930 Turbo is what I meant. The Porsche 959 would definitely beat the GT if the 930 wouldn't.

80 posted on 12/31/2003 4:21:12 PM PST by Sir Gawain
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