Ford Vs Ferrari, the Real Story

Ford Vs Ferrari, the Real Story

$RACE, $F

History is full of famous rivalries, most stem from a power grab or wounded pride, a few are a combination of the 2.

The best contentious relationships are the ones that create the most legendary tales.

Take the saga of how Henry Ford II, aka Hank the Deuce attempted to acquire Ferrari in 1963, sparking a nearly decade-long feud between he and Enzo Ferrari, the strong-willed man that owned the iconic Italian carmaker.

At its core, the Ferrari versus Ford narrative—which gets the full Hollywood treatment in the new Ford v. Ferrari movie starring academy award winners Matt Damon and Christian Bale recounts a business deal gone wrong and the reaction of a stubborn, egotistical automotive titan who was willing spend some $25 million and thousands of engineering man-hours to avenge his pride. To Ford, that meant beating Ferrari in the world’s most prestigious car race, the 24 Hours of Le Mans, which the Prancing Horse had historically dominated.

The story begins in the early 1960s. US purchasing habits changed as the Baby Boomer generation came of age. For the 1st time in history, youth were more important to American business’ bottom line than their parents. Boomers had lots of disposable income to spend on items such as cars, clothes and homes, and unlike their “a penny saved is a penny earned” parents, who had lived through the Great Depression and World War II, they were looking for something unique from a new vehicle. They wanted cars that were sportier and sexier, valuing speed and performance over comfort and reliability. They wanted sports cars, a fact that was not lost on the executives at Ford Motor Co.

In 1962, Ford was coming out of a major sales slide thanks to failed products like the Edsel and the growing popularity of rival products from GM and Chrysler. CEO Henry Ford II, the eldest son of Edsel Ford and eldest grandson of Henry Ford, was desperately looking for a way to turn the tide. Top executives, including Ford Division general manager Lee Iacocca, convinced him that the answer was a sports car.

main-Enzo-ferrari-Henry-Ford-II-by-Marka-Alamy
The Rivals: The most famous and powerful CEO in America in the sixties, Henry Ford II (right), up against Enzo Ferrari, possible the most narcissistic man to walk the earth.MARKA /

There was just one problem: Ford didn’t have a sports car in its portfolio, and there were no plans to build one. (Iacocca’s legendary Mustang was still a couple of years away from production.)

It was decided that the most expedient way bring a vehicle to market would be to acquire one. That’s when the idea was floated to purchase Ferrari, which in those years was primarily a race car company that sold street-legal machines only to fund its track exploits.

In the spring of 1963, after months of negotiation, an agreement seemed to be near. Ford would pay $10-M to Enzo Ferrari for his company and all its assets. A former racer, Enzo was supposedly eager to put a deal together with Ford, a move that would relieve him of the burden of running the company day-to-day. But at the 11th hour, Ferrari balked at a clause in the contract that said Ford would control the budget and, thus, all the decisions governing the Ferrari racing team. Enzo was unwilling to relinquish control of his company’s motorsports program. He told Ford’s representatives that he’d never sell under those terms—nor, he added, would he sell to an ugly company that builds ugly cars in an ugly factory. It is rumored that he also insulted Henry II personally by insinuating that he couldn’t hold a candle to his grandfather, the real Henry Ford.

To add even more insult to injury, Enzo then turned around and sold a majority stake in Ferrari to fellow Italian automaker Fiat. Some Ford executives, including the Deuce, speculated that Enzo was never serious about selling to Ford at all but had only negotiated with the company in order to pressure Fiat to come up in price. The ploy worked, and Henry II was left looking like a fool without a ride.

 GT40 MK II Ferrari
Triple Threat: While a trio of GT40 MK IIs passed the finish line in Le Mans together, none of the Ferraris even finished the race.

To get his pound of flesh, the Deuce decided to build a sports car that would humiliate Ferrari where it mattered to him the most, the 24 Hours of Le Mans. The seeds for the legendary GT40 race car were sowed.

Initially, the task of building the so-called Ferrari Killer was assigned to Ford’s Advanced Vehicles Group in the United Kingdom. They were already developing a vehicle that would use an engine created by Ford’s experimental engine group, located in Dearborn, Michigan.

While the first batch of GT40s to roll out of the Advance Vehicle Group were fast, they were also incredibly unstable and unreliable. And the brakes were downright dangerous.

According to Popular Mechanics, Ford engineers calculated that when a driver hit the brakes at the end of Le Mans’ Mulsanne Straight, the front brake rotors would heat up to 1,500 degrees Fahrenheit within seconds, causing them to fail. This would prove to be disastrous—even deadly—for any driver trying to compete in northwestern France, even the best in the world.

Ultimately, the Ford team couldn’t figure out how to make the cars stay firmly on the tarmac, let alone run continuously for 24 hours, two musts for a win in Le Mans. After losing to Ferrari at Le Mans in 1964 and 1965, Ford turned to the legendary Los Angeles car designer Carroll Shelby, one of the only American drivers to ever win at Le Mans, to run race operations. Shelby (played in the movie by Matt Damon) was already a consultant on the project, but now he was in charge, responsible for its success—or failure.

Damon Bale
Lights, Cameras, Action: Academy-award winners Matt Damon (left) and Christian Bale play Carroll Shelby and Ken Miles, respectively, in the film.

After a challenging start, Shelby and his trusted friend, go-to test driver and engineering specialist Ken Miles, reinvented the GT40. And they did so by collaborating with Advanced Vehicle Group and Ford’s experimental engine group, rather than starting from scratch.

Messers Shelby and Miles 1st improved the handling and stability of the vehicle by improving its aerodynamics through flow testing. They taped wool streamers or tufts to the exterior of the car to see how air traveled over and around the vehicle. The better a car cuts through the air, the less power is required to propel the vehicle, which also leads to less fuel consumption. If the yarn lay flat, all was good. If not, it indicated there were flaws in the car’s design that adversely affected downforce and stability. The data collected allowed both Miles and Shelby to make body and suspension modifications that helped the GT40 be more stable and maneuverable on the track.

The brake problem was solved by Phil Remington, an engineer on the Ford team. He devised a quick-change brake system that allowed the mechanics to swap in new pads and rotors during a driver change, so the team didn’t have to worry about making the brakes last the entire race.

To address reliability issues, the team used a dynamometer. A standard practice today, putting an engine on a dyno, as it is commonly known, was revolutionary in the mid-sixties. A dynamometer is a device that can measure force, power, and speed—so you can figure out how much power you need or how much you have on hand. The experimental team videotaped practice sessions before Le Mans and programmed a dyno to re-create the various stress points on the track. Then the team ran the engine for 24 to 48 hours on the dyno, virtually re-creating the conditions the engine would face during the race so it wouldn’t break down before the finish line.

Le Mans.
Ferrari vs Ford: The #2 GT40 Mk II piloted by Le Mans winner Bruce McLaren passe Richard Attwood in the #16 Ferrari 365 P2. The latter didn’t finish the race. 

All their hard work paid off, and the GT40 Mk. II was born.

Ford did not just defeat Ferrari at Le Mans in 1966, it humiliated The Scuderia. While Ferrari did not have a car that completed the race, GT40 Mk. II’s came in 1-2-3.

The finish was not without controversy.

Late in the race, Mr. Miles was well ahead of the competition, on his way to ending Ferrari’s dominance at Le Mans and becoming the only driver to win the world’s 3 biggest endurance race the 24 hrs of Daytona, 12 Hours of Sebring and 24 Hours of Le Mans in the same year.

Ford’s PR guru Leo Beebe wanted to celebrate the win with a picture of the trio crossing the finish line together. So, he had Shelby order Miles to slow down and let the other GT40 teams catch up. After crossing the line, Miles was informed that he did not win the race. His teammate Bruce McLaren did. Bruce started several cars behind Ken. So even though Miles was faster until the very end, McLaren actually traveled farther faster, because Miles intentionally slowed down.

Sadly, Ken Miles died before he could race at Le Mans again. Late in 1966, he was testing another Ford race car at Riverside International Raceway in California when he lost control and crashed. Miles did not survive the accident.

The Deuce, meanwhile, got a second taste of vengeance the following year at Le Mans a Ford GT40 Mk. IV built by Shelby (who died in 2012 at 89) won the 1967 race. Ferrari finished 2nd.

As for the Ford GT40, the great American supercar remains one of the most collectible automobiles in the world, with a sticker price that would blow back any driver’s hair.

The 2020 Ford GT begins at $500,000 while the track-only Ford GT Mk. II sells for $1.2-M, the 1st car from a Ford factory to cost more than $1-M. Revenge still pays.


Fact Vs. Fiction in Ford v. Ferrari

Since not all rivalries are sexy enough for Hollywood, Ford v Ferrari screenwriters John-Henry Butterworth, Jez Butterworth and Jason Keller took some creative license with the real story.

Below are 5 detours the movie took with the truth, as follows:

ford vs ferrari damon bale
Matt Damon (third from left) gets a tutorial on the GT40 MK II Superperformance before taking it for a spin. 

Turn 1: Henry Ford II addressed the production line at the Rouge River plant in Dearborn, Michigan.

Ford had 20 lieutenants between the assembly floor and his jurisdiction. Any one of them would have given that speech, but not the chief executive.

Turn 2: The Deuce went on a joy ride in the GT40 MKII with Carroll Shelby.

There’s no way the CEO of Ford Motor Company would jump into a race car without adequate protection.

Turn 3: Lee Iaccoca was intimately involved in the negotiations with Enzo Ferrari.

A Ford contingent did travel to Maranello, Italy, on the orders of Henry II to buy Ferrari, but Iacocca was not part of the group.

Turn 4: Ken Miles and Carroll Shelby had a brawl while gearing up for Le Mans.

Shelby and Miles were both headstrong, incredibly intense and brilliant guys. There’s no doubt that they butted heads on a very regular basis, and the film certainly alludes to that. But there is no evidence they ever had a physical altercation.

Turn 5: Ford executives drank in Pit Row after winning Le Mans in 1966.

The car would have been disqualified if officials had observed that behavior on the track.

By Chuck Tannert

Paul Ebeling, Editor


Ferrari is the Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

HeffX-LTN overall technical outlook for RACE is Very Bullish, overhead resistance is NIL and Key support at 165.99, as all Key indicators turned Very Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 167.0, +1.53 Friday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Have a terrific weekend

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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