True, Ferrari!! According to Motortrend, Time Magazine reported that the two companies had already started designing a new Ferrari Ford concept. The car was to have a 12-cylinder engine and include a Ford sports chassis. Go Italian Stallion!

But, alas, the deal never happened. It seems that Ferrari owner Enzo Ferrari nixed the deal in the bud. Henry Ford II was said to be pretty *** off and went on to authorize the manufacturing of the Ford GT40 with the idea of humiliating the Ferrari entry in the Le Mans 24 Hour race. And, believe it or not, the GT40 did -- four time in a row starting in 1966.

Some pundits speculate that if such an acquisition did take place, then Ferrari would be more like Porsche. Why? City, Ford’s experience with Jaguar and improving the latter's manufacturing capability, Ferrari would be building more than 50,000 a year. Currently the exotic car maker builds a little more than 5,000 cars a year.