[4] Although sometimes dismissed as a failure because it never entered production, the Corsair is regarded as ahead of its time because of its futuristic features, and styling cues such as faired-in fenders and a low profile.

[5] The Phantom Corsair's steel-and-aluminum body measured just 57 in (140 cm) in height and incorporated fully skirted wheels and completely flush fenders while forgoing running boards.

[4] The Lycoming 80º V-8 engine-powered Cord chassis also featured front-wheel drive and an electrically operated four-speed pre-selector gearbox, as well as fully independent suspension and adjustable shock absorbers.

[6][7] Though weighing a hefty 4,600 lb (2,100 kg), the Phantom Corsair could achieve speeds of up to 115 mph (185 km/h) because of its modified, naturally aspirated 125 bhp Lycoming engine as well as its aerodynamic shape.

[2][7] Rust Heinz planned to put the Phantom Corsair, which cost approximately $24,000 to produce in 1938[7] (equivalent to about $370,000 in 2010), into limited production at an estimated selling price of $12,500.