Ford announced it will produce only 100 of the high performance GT350 Mustangs and only 37 of the higher performance GT350Rs for model year 2015. They will hit the market in the fall. Why 37? Because that was the amount Carroll Shelby produced of the first GT350’s 50 years ago. Once they are sold out, Ford will produce the 2016 model.
Fiat Chrysler has posted a $99-million profit in its first quarter, a big improvement over a loss that it reported one year earlier. Strong sales here in the U.S. and improving conditions in Europe produced the turnaround. The company has benefited by hot demand for Jeeps and Ram trucks here in the states.
Cost cutting and rising sales in Europe produced a 19 percent higher first quarter profit at Volkswagen. The company is the world’s number two automaker, trailing only Toyota.