October 16, 2002

Ford GT to sell for “less than (U.S.)$150,000”

Detroit, Michigan – Ford has announced that the production version of its GT40 concept car will be called the Ford GT. While the final MSRP won’t be released until just before the car goes on sale, president of Ford Division, Steve Lyons, said the MSRP will be “substantially less than $150,000,” which, he explained, will make it substantially less than its nearest supercar competitor the Ferrari 360 Modena.

Ford announced it would build a production version of its GT40 concept car just 45 days after the car was shown at the 2002 North American International Auto Show.

Ford announced last week that only three cars would be produced in 2003 to promote the product and help celebrate Ford Motor Company’s 100th Anniversary. The three cars are symbolic of Ford’s 1-2-3 victory in the 1966 24-hours of Le Mans. Regular, limited-production of about 1,000 cars annually begins in 2004.

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