The only reason the Star is reporting this is because Gawker outed the story. I'm sure they would have rather waited until they had the actual video in hand before going live with the story, but now in order to not fall behind the eight ball, they had no choice but to run what they had.
Two independent "news" organizations saw the video and they are both claiming it's authenticity.
I don't doubt the video exists. Nobody is manufacturing the story. Whether it's Ford or not is still to be determined.
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