💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Ford to build new carbon fiber GT car in Ontario

Published 02/12/2015, 11:05 AM
Updated 02/12/2015, 11:10 AM
Ford to build new carbon fiber GT car in Ontario
F
-

TORONTO (Reuters) - Ford Motor Co (N:F) will build its new GT carbon fiber supercar in Markham, Ontario, the company announced at the Canadian International Auto Show on Thursday.

The two-door high-performance coupe, which was unveiled last month at the Detroit auto show and set for availability in late 2016, will be built in partnership with privately held contract manufacturer, Multimatic Inc.

Ford had previously partnered with Multimatic to produce its FR500c and Boss 302R race cars, Executive Vice President Joe Hinrichs said at the Toronto auto show.

Multimatic, located just north of Toronto, specializes in lightweight composite automotive technology, according to the company's website. The lightweight carbon fiber material reduces the weight of the car, which improves the vehicle's performance and efficiency.

Supercars are typically very expensive, high-performance sports cars and are produced in extremely limited quantities.

Ford did not provide additional details.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.