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Up front. You can fit about a shoebox in there. /ubbthreads/images/graemlins/grin.gif
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The comment I heard from Ford about it, is that cars like the new Corvette were designed to carry two bags. The new GT is designed to carry two golf shoes.
Because the tiny space is classed as a "trunk", it has a glow-in-the-dark emergency release handle on the inside.