We may be seeing a limited renaissance of the horsepower wars! Ford, in partnership with Richard Petty’s Garage will be produce a very limited number of special-edition Mustangs that will crank out up to 727 horsepower, or 20 more than the Dodge Hellcat. (Over to you, GM.) In the production run of 300, there will be 243 Mustang King GT’s, 43 Mustang King Premiers and 14 King Premier Convertibles. The 5.0-liter Ford V8 gets fortified with a supercharger adding 235 horsepower to make a total of 670 hp. If that is not enough, you can order Petty’s Garage Mustang with an additional 57 hp bringing it up to a pavement twisting 727 hp. Ford dealers are now said to be taking orders with prices ranging from $67,495 for the King Edition to $90,495 for the King Premier.
Forty-thousand United Auto Workers Union members have a new contract this morning with Fiat Chrysler. After rejecting the first proposal, 77 percent of voting members approved the second one. Workers will get a pay increase and the company will eliminate the two-tier wage system over the next eight years, a key union demand. The focus of talks now moves over to General Motors.
GM meanwhile announced it will add 1,200 workers at its Detroit-Hamtramck plant, the last facility it operates in the city. (It is on the border with both.) GM is adding a full shift at the plant that will produce the new flagship Cadillac, the CT6, in the first quarter of 2006. It will be available with a 400 horsepower twin-turbo V6 with an eight-speed automatic and rear wheel drive. The CT6 is pictured.
On the other hand, GM will lay off 510 workers at two Michigan plants. One produces the Chevy Sonic and Buick Verano that are not exactly in hot demand with the current low gas prices. The second factory produces the slow selling Cadillac ATS and the CTS. Some of the workers could be called back when the second begins production, at some point, of the next generation Camaro.
The average auction price for VW diesels has dropped 16 percent since the news broke of the emissions crisis. The average auction price for gas powered VW’s fell 2.9 percent, according to Kelley Blue Book. It said some auctions are holding off selling diesels.