Under generally accepted copyright law, as soon as you create anything (in this case taking a picture), you own the copyright to said creation.
Not according to Ford Motor Company. From Black Mustang Club (BMC) administrator/owner Lisa:“I’m sorry, but at this point we will not be producing the 2008 BMC Calendar, featuring our 2007 Members of the Month, solely due to Ford Motor Company’s claim that THEY own all rights to the photos YOU take of YOUR car. I hope to resolve this soon, and be able to provide the calendar and other BMC merchandise that you guys want and deserve!”
So Ford's thought is what? "Hey, we're hurting anyway, why not tick off some of our most loyal owners that are promoting our product at their cost?" Yeah, that makes sense.
On a related note, how do you think this will apply to traffic camera (red-light cameras, speeding cameras, etc.)? "Your Honor, that image is not admissible in court because I own the rights to my image and Ford owns the right to the picture of that car. Since neither party has released their image for use in this manner I move that the image be destroyed, the case dismissed, and punitive damages be paid to both parties."
Looks like I won't be buying a Ford anytime soon.