Black Leather Seats Panoramic Sunroof Leather Steering Wheel All Wheel Drive on 2040-cars

Auto blog

Ford Mustang hit by Moore' Oklahoma's EF5 tornado lives to do another burnout

Oklahoma recently saw the destructive power of an EF5 tornado, but in the aftermath of the devastation, we've also been witness to the incredible resilience of the human spirit. Moore, OK resident Jack Haden survived the storm but found that his 2003 Ford Mustang wasn't quite as lucky. As you can see in the image above, the tornado's 200+ mph winds did quite a number on the car, but while most people would have likely called their insurance company and scrapped the car, Haden had other plans.
After finding the car and seeing that its V6 still fired up, Haden spent a couple hours getting the car, um... roadworthy(?)... by removing the doors and front clip, cutting off the roof and putting on some new wheels and tires. He noticed that driving it around brought some comic relief to an area that needed a reason to laugh and smile. Check out the KSBI TV news report video below showing before and after pictures of the tough 'Stang, as well as a video showing the newly lightweight coupe doing a smoky burnout.

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.

2014 Ford Fiesta Titanium

You might not be interested in owning a subcompact (B-segment) hatchback for $20,000. Let's be clear from the get go here: there are any number of reasonable arguments for staying away from the highest-content versions of these small cars. Ford's player in the B-segment arena is the newly updated 2014 Fiesta, and the Titanium trim represents the most luxurious instantiation of the model. We recently were loaned a Fiesta Titanium for a week, whose final sticker price hit $20,390, with navigation being the only standalone option added to the bottom line. By way of comparison, the most basic version of the all new, one-segment-up Mazda3 hatchback costs $19,740 with delivery and destination accounted for, and no options added on.
Hold on to that thought for a moment, we'll get back to it.