Ford is ending limited model release GT supercar production, but there’s a catch

Ford (F) announced on Wednesday that it will end production of its $500,000 GT supercar later this year. However, a limited special edition model that pays tribute to the car’s racing history is in the works.

The Detroit-based automaker said on Wednesday that the 2022 Ford GT LM (Le Mans) Edition will be the final model of the third generation of the car, which was revived in 2016 after being out of the market for a decade.

Only 20 GT LM Edition cars will be produced, making them instant collectors’ items. The release is a direct homage to the 1964 Ford GT prototype that became America’s only Le Mans supercar.

This 1966 victory was featured in the film Ford v. Ferrari” from 2019 – as a US automaker swept to the podium for the first time in the famous French race. The supercar has had recent success as well, winning the 2016 Le Mans race in a triumphant return to the top.

“As we complete this chapter of the street-legal Ford GT, the GT LM Edition gave us a chance to inject even more heart and soul from a podium-winning racer and to celebrate our 2016 Le Mans win,” Mark Rushbrook , global director of Ford Performance Motorsports said in a press release.

The current third generation GT was kept secret until the 2015 North American International Auto Show in Detroit. Even within the company, Ford only allowed select executives and engineers access to the vehicle and kept the model in a basement room in a building near its headquarters in Dearborn, Michigan.

Deliveries for the supercar are set to begin this fall, with production ending later this year, according to the automaker. Ford has not yet commented on the exact price of the high-end vehicle, only stating that GT prices started at $500,000.

As of 10:35 am Wednesday, Ford shares were trading at 12.16, down 0.20 or 1.66%.

https://www.ibtimes.com.au/ford-ends-gt-supercar-production-limited-edition-model-release-theres-catch-1839231?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Ford is ending limited model release GT supercar production, but there’s a catch

Fry Electronics Team

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