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.

Ford Motor Co. Chairman Bill Ford said Elon Musk’s relationship with President-elect Donald Trump won’t hurt legacy automakers and that Trump has a better grasp of the industry than during his first term.

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 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 Ford Mustang GTD has already cemented its place in the canon of great American sports cars, as it’s the first U.S.-made machine to break the seven-minute barrier at the Nürburgring. The car’s 6:57.685 lap puts it ahead of plenty of serious performance machines, including the Porsche 911 GT3 and the Ferrari 296 GTB.