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Found 11 results

  1. If you want to one up your friend who will be getting their hands on a new Ford GT, then why not put a bid on the first functional prototype of the last-generation GT. Going up for auction next month at Russo and Steele Arizona sale in Scottsdale, AZ, the GT Confirmation Prototype 1 (CP-1) is the first fully functional prototype. It was the fourth GT model ever built - wears the VIN 004 - and the first to come with a full interior. Being a prototype, the GT CP-1 has some special parts such as a "sniffer pipe" for emissions testing, quick-release fuel tank, and a carbon-fiber clamshell. The prototype also features signatures of 13 members of the original Ford GT design and development team including the designer Camillo Pardo and Carroll Shelby. One downside, the vehicle has a top speed of 5 mph. Ford sold this vehicle back in 2008 to "GT Joey" Limongelli, an avid GT collector and author of the book “Ford GT 2005-2006: The Complete Owners Experience. Source: Russo and Steele Press Release is on Page 2 First shown in 2002 to celebrate Ford Motor Company’s upcoming centennial, the Ford GT40 concept car was designed by Camilo Pardo, the head of Ford’s “Living Legends” studio under the direction of Ford design chief J. Mays. Clearly inspired by the GT40s that beat Ferrari at Le Mans in 1966 and dominated there through 1969, the new-generation Ford GT was soon prepared, refined, and tested for production. A true piece of automotive history, Ford GT prototype CP-1, short for Confirmation Prototype 1, was the first fully-functional Ford GT prototype built in 2003 as part of the all-new GT’s development phase. Assigned VIN 004, it was the first Ford GT prototype to be equipped with an engine, drivetrain, and full interior, in contrast to the red, white, and blue Ford Centennial prototypes which were non-runners for exhibition purposes only and currently reside in the Ford Museum. In 2008, CP-1 was purchased from Ford Motor Company by “GT Joey” Limongelli, the respected GT collector and author of “Ford GT 2005-2006: The Complete Owners Experience,” considered the definitive book on the reborn Ford GT. In addition to its early provenance, the originality of CP-1 is perhaps what makes the car so tantalizing to hard-core Ford enthusiasts. Its body and engine compartment feature an array of non-standard components and many design features that are exclusive to this prototype, including the air bags, which are in fact Mustang components, and the steering column that was sourced from a Ford Windstar van. The silver trim rings on the seats were eliminated on production cars, the striking Camillo Pardo-designed all-aluminum headliner was replaced in production by a more traditional padded item, and a note scrawled in marker on the center console instructs test drivers to “push red button to start” the mid-mounted V-8 engine, which is mated to a 6-speed transaxle. Outside, the right quarter-panel features two quick-release valves connected to the fuel tank that allow quick changes of fuel grades. Extending beyond the rear bumper, a set of experimental exhaust pipes incorporate a “sniffer pipe” that allowed the engineers to determine engine emissions during testing. Of further interest, the engine of CP-1 resides beneath a lightweight carbon-fiber rear clamshell. However, when Ford executives learned the projected cost of this item was projected to cost approximately $45,000 to produce, a more traditional and far less-costly aluminum unit replaced it. The engine of CP-1 is fitted with a black supercharger and valve covers, which were replaced in production by a silver blower and traditional Ford Blue valve covers. While CP-1 has a fully functional powertrain and the car has a 17-digit VIN, prior to the sale in 2008 Ford engineers installed a chip in the engine limiting its top speed to 5 mph for display use only. As offered, CP-1 is accompanied by factory Build Sheet documentation, and it retains the test connections and monitoring equipment used during the Ford GT’s road and emissions certification testing. The vehicle is adorned by the autographs of 13 members of the original Ford GT design and development team including Bill Ford, GT Chief Designer Camillo Pardo, GT Chief Design Engineer Fred Goodnow, and even Carroll Shelby, who played a major role in the Ford GT testing and development program. A true motorsports and design landmark in every respect and an essential part of the Ford GT development and testing process, CP-1/VIN 004 stands as an incredible link bridging the original GT40 of the 1960s to the current Ford GT that took on the world’s best and won at the 2016 running of the 24 Hours of Le Mans. Truly historic as the first powered and fully functional Ford GT prototype, CP-1/VIN 004 offers an incredible opportunity at auction. Experience all the high energy excitement of Russo and Steele in Scottsdale for yourself! Bidder registration is just $200 and includes admission for all 5 days of “Auction in the Round” action for the bidder and one lucky guest. Stay tuned for further updates on our 17th annual Scottsdale auction and event schedule and join us January 18-22 live from Salt River Fields at Talking Stick!
  2. If you want to one up your friend who will be getting their hands on a new Ford GT, then why not put a bid on the first functional prototype of the last-generation GT. Going up for auction next month at Russo and Steele Arizona sale in Scottsdale, AZ, the GT Confirmation Prototype 1 (CP-1) is the first fully functional prototype. It was the fourth GT model ever built - wears the VIN 004 - and the first to come with a full interior. Being a prototype, the GT CP-1 has some special parts such as a "sniffer pipe" for emissions testing, quick-release fuel tank, and a carbon-fiber clamshell. The prototype also features signatures of 13 members of the original Ford GT design and development team including the designer Camillo Pardo and Carroll Shelby. One downside, the vehicle has a top speed of 5 mph. Ford sold this vehicle back in 2008 to "GT Joey" Limongelli, an avid GT collector and author of the book “Ford GT 2005-2006: The Complete Owners Experience. Source: Russo and Steele Press Release is on Page 2 First shown in 2002 to celebrate Ford Motor Company’s upcoming centennial, the Ford GT40 concept car was designed by Camilo Pardo, the head of Ford’s “Living Legends” studio under the direction of Ford design chief J. Mays. Clearly inspired by the GT40s that beat Ferrari at Le Mans in 1966 and dominated there through 1969, the new-generation Ford GT was soon prepared, refined, and tested for production. A true piece of automotive history, Ford GT prototype CP-1, short for Confirmation Prototype 1, was the first fully-functional Ford GT prototype built in 2003 as part of the all-new GT’s development phase. Assigned VIN 004, it was the first Ford GT prototype to be equipped with an engine, drivetrain, and full interior, in contrast to the red, white, and blue Ford Centennial prototypes which were non-runners for exhibition purposes only and currently reside in the Ford Museum. In 2008, CP-1 was purchased from Ford Motor Company by “GT Joey” Limongelli, the respected GT collector and author of “Ford GT 2005-2006: The Complete Owners Experience,” considered the definitive book on the reborn Ford GT. In addition to its early provenance, the originality of CP-1 is perhaps what makes the car so tantalizing to hard-core Ford enthusiasts. Its body and engine compartment feature an array of non-standard components and many design features that are exclusive to this prototype, including the air bags, which are in fact Mustang components, and the steering column that was sourced from a Ford Windstar van. The silver trim rings on the seats were eliminated on production cars, the striking Camillo Pardo-designed all-aluminum headliner was replaced in production by a more traditional padded item, and a note scrawled in marker on the center console instructs test drivers to “push red button to start” the mid-mounted V-8 engine, which is mated to a 6-speed transaxle. Outside, the right quarter-panel features two quick-release valves connected to the fuel tank that allow quick changes of fuel grades. Extending beyond the rear bumper, a set of experimental exhaust pipes incorporate a “sniffer pipe” that allowed the engineers to determine engine emissions during testing. Of further interest, the engine of CP-1 resides beneath a lightweight carbon-fiber rear clamshell. However, when Ford executives learned the projected cost of this item was projected to cost approximately $45,000 to produce, a more traditional and far less-costly aluminum unit replaced it. The engine of CP-1 is fitted with a black supercharger and valve covers, which were replaced in production by a silver blower and traditional Ford Blue valve covers. While CP-1 has a fully functional powertrain and the car has a 17-digit VIN, prior to the sale in 2008 Ford engineers installed a chip in the engine limiting its top speed to 5 mph for display use only. As offered, CP-1 is accompanied by factory Build Sheet documentation, and it retains the test connections and monitoring equipment used during the Ford GT’s road and emissions certification testing. The vehicle is adorned by the autographs of 13 members of the original Ford GT design and development team including Bill Ford, GT Chief Designer Camillo Pardo, GT Chief Design Engineer Fred Goodnow, and even Carroll Shelby, who played a major role in the Ford GT testing and development program. A true motorsports and design landmark in every respect and an essential part of the Ford GT development and testing process, CP-1/VIN 004 stands as an incredible link bridging the original GT40 of the 1960s to the current Ford GT that took on the world’s best and won at the 2016 running of the 24 Hours of Le Mans. Truly historic as the first powered and fully functional Ford GT prototype, CP-1/VIN 004 offers an incredible opportunity at auction. Experience all the high energy excitement of Russo and Steele in Scottsdale for yourself! Bidder registration is just $200 and includes admission for all 5 days of “Auction in the Round” action for the bidder and one lucky guest. Stay tuned for further updates on our 17th annual Scottsdale auction and event schedule and join us January 18-22 live from Salt River Fields at Talking Stick! View full article
  3. G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com 1969 Chevrolet Corvette 427/430 L88 http://rickcole.com/1969-chevrolet-corvette-427430-l88-coupe/ Found this on Rick Cole Auctions web site, was not aware myself of the L88 Corvette, but WOW talk about SEX on Wheels! This is a freakin BEAUTIFUL Corvette. Quoting from their page as this car goes on auction and based on their estimate is expected to sell between $650,00 to $750,000 dollars. Only 2,576 original miles. 1 of 10 built with a 4.56 positraction rear axle. I love this part of the stated info: When launched in late 1967, the L88 option created much confusion among Corvette enthusiasts with its laughably conservative 430-horsepower rating and stiff pricing making the L88 seem less powerful at twice the price of the former top L71 427/435 Tri-Power unit. In fact, the L88 produced well over 500 ponies – stock. Chevrolet’s disinformation campaign actively discouraged L88 sales to customers who were not professional racers and in company literature, Chevrolet cryptically declared the L88 Corvette an “off-road vehicle.”
  4. Ever dreamed of owning a concept car? We'll you'll have your chance to bid on one in a few months time. RM Auctions has the Buick Blackhawk Concept from 2001 that will be crossing the auction block. The Blackhawk concept mixes vintage Buick design and components with modern technology. The styling is a combination of the late forties Roadmaster and Y-Job concept. There is a power retractable top which is made out of carbon fiber and stows in the decklid. Power comes from a 455 cubic-inch (7.5L) V8 from the 1970 GS Stage III with 463 horsepower and 510 pound-feet of torque. This is paired up to a four-speed automatic. The Blackhawk was sold back in 2009 at the Barrett-Jackson auction in Scottsdale, AZ as part of a sale of a selection of GM's heritage fleet. At the time, it sold for $522,500 after the buyer's premium. The Blackhawk will be crossing the block on May 2nd as part of RM Auctions sale of the Andrews Collection in Fort Worth, TX. Source: RM Auctions, Barrett-Jackson Picture Credit: RM Auctions View full article
  5. Ever dreamed of owning a concept car? We'll you'll have your chance to bid on one in a few months time. RM Auctions has the Buick Blackhawk Concept from 2001 that will be crossing the auction block. The Blackhawk concept mixes vintage Buick design and components with modern technology. The styling is a combination of the late forties Roadmaster and Y-Job concept. There is a power retractable top which is made out of carbon fiber and stows in the decklid. Power comes from a 455 cubic-inch (7.5L) V8 from the 1970 GS Stage III with 463 horsepower and 510 pound-feet of torque. This is paired up to a four-speed automatic. The Blackhawk was sold back in 2009 at the Barrett-Jackson auction in Scottsdale, AZ as part of a sale of a selection of GM's heritage fleet. At the time, it sold for $522,500 after the buyer's premium. The Blackhawk will be crossing the block on May 2nd as part of RM Auctions sale of the Andrews Collection in Fort Worth, TX. Source: RM Auctions, Barrett-Jackson Picture Credit: RM Auctions
  6. After three days and nineteen rounds of bids, China’s Wanxiang Group emerged as the new owner of Fisker, beating out Hybrid Tech Holdings LLC, the original winner of Fisker Automotive back in November. The winning bid was $149.2 million, about six times higher than the original sale price of $25 million. The auction came after a ruling made by U.S. Bankruptcy Judge Kevin Gross last month. Gross rejected the original offer made by Hybrid Tech Holdings LLC of $25 million for all of Fisker's assets. Now the bid has to be approved by Gross for Wanxiang Group to become Fisker Automotive's new owner. That will happen this week. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  7. After three days and nineteen rounds of bids, China’s Wanxiang Group emerged as the new owner of Fisker, beating out Hybrid Tech Holdings LLC, the original winner of Fisker Automotive back in November. The winning bid was $149.2 million, about six times higher than the original sale price of $25 million. The auction came after a ruling made by U.S. Bankruptcy Judge Kevin Gross last month. Gross rejected the original offer made by Hybrid Tech Holdings LLC of $25 million for all of Fisker's assets. Now the bid has to be approved by Gross for Wanxiang Group to become Fisker Automotive's new owner. That will happen this week. Source: Bloomberg William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  8. Nothing ever seems to come easy for Fisker. Back in November, we reported that Hybrid Tech Holdings, LLC, a company founded by Hong Kong investor Richard Li, had purchased Fisker's assets from the Department of Energy for $25 million. It seemed that this chapter in Fisker's turbulent life had come to close. But this past week, the chapter was ripped opened. In a hearing last week, U.S. Bankruptcy Judge Kevin Gross rejected the planned sale and instead has favored putting the assets back up on the auction block in February. This opens the door for Wanxiang Group, the Chinese auto parts supplier who owns A123 Systems, to bid on Fisker's assets as well. "I think that, for me, at the end of the case, whether or not the price paid was fair or reasonable, I think an auction will provide that mechanism. That is the most favored method," said Gross at the hearing. In a statement, Hybrid Tech Holdings said they were "deeply disappointed" with the ruling. "Despite the court's decision, Hybrid will participate in the auction, as we still feel Hybrid represents the most competitive and viable bid for Fisker's future," the company said. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  9. Nothing ever seems to come easy for Fisker. Back in November, we reported that Hybrid Tech Holdings, LLC, a company founded by Hong Kong investor Richard Li, had purchased Fisker's assets from the Department of Energy for $25 million. It seemed that this chapter in Fisker's turbulent life had come to close. But this past week, the chapter was ripped opened. In a hearing last week, U.S. Bankruptcy Judge Kevin Gross rejected the planned sale and instead has favored putting the assets back up on the auction block in February. This opens the door for Wanxiang Group, the Chinese auto parts supplier who owns A123 Systems, to bid on Fisker's assets as well. "I think that, for me, at the end of the case, whether or not the price paid was fair or reasonable, I think an auction will provide that mechanism. That is the most favored method," said Gross at the hearing. In a statement, Hybrid Tech Holdings said they were "deeply disappointed" with the ruling. "Despite the court's decision, Hybrid will participate in the auction, as we still feel Hybrid represents the most competitive and viable bid for Fisker's future," the company said. Source: Reuters William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article
  10. William Maley Staff Writer - CheersandGears.com September 19, 2013 The U.S. Department of Energy has announced this week they will be putting up Fisker Automotive's $164 Million loan up for auction next month. This is in a effort to try and recoup as much money as they can. "After exhausting any realistic possibility for a sale that might have protected our entire investment, the Department announced today that we are auctioning the remainder of Fisker's loan obligation, offering the best possible recovery for the taxpayer," said Peter Davidson, director of the Loan Program Office at the Department of Energy in a blog post. "Consistent with the intent and statutory purpose of the Advanced Technology Vehicles Manufacturing program, the Department will require all bids to include a commitment and business plan that promotes domestic manufacturing capabilities and related engineering for advanced technology vehicles here in the United States." So who will be putting in a bid for Fisker? Well we have a list of possible suitors. We have the founder of the company, Henrik Fisker who has teamed up Hong Kong-based investor Richard Li, Chinese automotive supplier Wanxiang Group and Bob Lutz's VL Automotive, and German investment group Fritz Nols AG. Source: Green Car Reports William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.
  11. William Maley Staff Writer - CheersandGears.com September 19, 2013 The U.S. Department of Energy has announced this week they will be putting up Fisker Automotive's $164 Million loan up for auction next month. This is in a effort to try and recoup as much money as they can. "After exhausting any realistic possibility for a sale that might have protected our entire investment, the Department announced today that we are auctioning the remainder of Fisker's loan obligation, offering the best possible recovery for the taxpayer," said Peter Davidson, director of the Loan Program Office at the Department of Energy in a blog post. "Consistent with the intent and statutory purpose of the Advanced Technology Vehicles Manufacturing program, the Department will require all bids to include a commitment and business plan that promotes domestic manufacturing capabilities and related engineering for advanced technology vehicles here in the United States." So who will be putting in a bid for Fisker? Well we have a list of possible suitors. We have the founder of the company, Henrik Fisker who has teamed up Hong Kong-based investor Richard Li, Chinese automotive supplier Wanxiang Group and Bob Lutz's VL Automotive, and German investment group Fritz Nols AG. Source: Green Car Reports William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster. View full article

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