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The Mecoms had made a fortune in oil, however when John Mecom, Jr., discovered of Ford’s interest, he knew his pockets weren’t deep enough to win that bidding battle. Ford’s first contact with Ferrari was in May 1963, by way of the American company’s Italian subsidiary. According to a 1966 account in Highway & Monitor, Ford Vice President and General Manager Donald Frey traveled to Italy as the front man in the talks. Frey mentioned the framework for a deal was settled upon pretty rapidly. There were to be two corporations. One, referred to as Ford-Ferrari, could be chargeable for the gran turismos Ferrari was already constructing. The second, Ferrari-Ford, would assemble competition cars. Ford can be the majority shareholder of the street-car arm. Enzo Ferrari would be the biggest shareholder within the racing company. Ten days of intense negotiations collapsed when it became obvious Enzo wanted complete management of Ferrari-Ford. Frey returned to America disillusioned however not surprised.

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