Production of the Ford GT supercar will soon end, but it’s about to start again in a roundabout way.
Ford is currently selling the $500,000 GT that launched in 2017, but it’s closing the round in the coming weeks with 20 GT LM Editions and 67 Ford GT MK IVs, priced at $1.7 million each.
The MK IV is slated to be powered by an 800-hp version of Ford’s 3.5-liter turbocharged V6, the most powerful version of the engine ever made.
This generation was followed by a GT inspired by the Le Mans racers of the 1960s and built from 2004 through 2006 with a supercharged 550-hp V8 that could power it up to 205 mph.
Florida man hits 310.8 mph in a Street Legal Ford – here’s how he did it
Many have found a second life as a modified top speed competition car, with one 2,700 hp example finally claiming the all-time record for a street legal car at 310.8 mph. However, you will soon be able to buy brand new again.
Fred Calero is a serial entrepreneur and Ford GT professional. Owns 2005, 2006 and 2020. One day while reading a GT forum on the internet, he came across interesting information. It turns out that Ford built several dozen extra GT bodies to keep them for spare parts for repairs, but after more than a decade they don’t need to keep them anymore.
Calero had the idea of buying one and converting it into a track car. Then his friend and colleague Jeremy Sutton, who worked in Ford’s SVT department when he originally developed the GT, encouraged him to take over the entire range. The total number was 30 people, so Calero set up a new company called GT1 to develop a complete car.
It took carbon fiber body moldings from Swiss racing company Matech, which made competition versions for endurance racing, and modified them for higher production and state-of-the-art aerodynamic strategies. A new high-performance suspension system was also designed.
The GT1 has set up shop in a garage at the private M1 Concourse racetrack in Pontiac, Michigan, and installed a 7.0-liter turbocharged V8 from Roush Yates making 1,400 hp that’s basically an aluminum block version of an older NASCAR engine.
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The car could accelerate to 60 mph in less than three seconds and top out at 200 mph despite a high downforce spoiler that wasn’t on the more streamlined factory GT.
The three-year project resulted in a fully functional prototype and the company is now focused on getting ready to move out of the garage and ramp up production, likely with a manufacturing partner.
GT1 plans to complete four cars for customers next year at an estimated price of $1.2 million, then increase production to four per quarter until the chassis runs out.
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Calero owns several businesses, mostly in the medical field, but he told Fox News Digital that “nothing has consumed me like that. It’s what I love.”
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