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Ford once planned to race fiberglass-bodied Mustang touring cars

Tucked away on page nine of the May 9, 1964 issue of Competition Press and Autoweek is an intriguing little story: “FIA Rejects Ford Bid for Homolgation [sic].” At the time, the Mustang had just made its world debut, but Ford was already scheming to fold the car into its “Total Performance” campaign. The automaker apparently proposed to do so with a fleet of crazy fiberglass-bodied touring cars. According to Competition Press, Ford tried to get the new Mustang classified as a touring car for international racing.

Hyundai rules out separate premium brand

Hyundai Motor Co. has ruled out spinning off the Genesis or Equus nameplates to create an independent premium brand along the lines of Lexus or Infiniti, partly because of the enormous cost involved and possible image damage to sibling nameplates. "There are no plans for Hyundai to make a separate brand," Vice Chairman Shin Jong-Woon said in an interview Friday at the carmaker's headquarters in Seoul, South Korea.

One-fourth of U.S. drivers have trouble paying for auto repairs, AAA says

Americans have difficulty paying for costly vehicle repairs and are driving older cars longer, according to a survey released by AAA. One quarter of American drivers said they would be unable to pay for repairs to their vehicle of more than $2,000, and one in eight said they would be unable to pay for repairs of more than $1,000, the survey said. More than half of drivers said they are still driving an older vehicle “because they do not want the financial burden of a new one,” the survey said.