Ford Motor Company Chairman Bill Ford, great-grandson of Henry Ford, is hopeful President-elect Trump and Elon Musk will help the American auto industry.

President-elect Trump understands the U.S. auto industry better now than he did during his first term, says Ford chairman Bill Ford, who's hopeful that Tesla CEO Elon Musk will use his close relationship with Trump to advocate for all automakers.

Ford Motor Company's Detroit Proud event on Thursday night offered a sneak peek at the Detroit Auto Show and a new factory-customized drift-friendly Mustang trim.

Ford Motor Company kicked off the Detroit Auto Show one day before the Media Day and Charity Preview with an event inside Huntington Place.

Ford kicked off the Detroit Auto Show by showing off a special-edition Mustang, which the automaker says is the fastest-ever street-legal version of the iconic sports car (AP video: Mike Householder)

Ford is offering the first special edition Mustang GTD to mark the achievements of American ingenuity in what it's calling the Spirit of America.

The GTD models are part of Ford's plans to expand the Mustang nameplate into the higher echelons of the sports car and racing worlds.

For the 2025 model of the Mustang GTD, Ford’s $325,000, 815-horsepower, 202 mph supercar, the company has created a cosmetic Spirit of America special edition honoring Craig Breedlove, the jetcar driver who set records at 400,