Is my rusty 68 Barracuda salvageable?

Are you kidding? Did you look at the pictures? The first time he drives it the tires will fall off. The shock housings are GONE!!!
beg to differ. there is a rail under the trunk pan that is quite thick. This is a picture of the area on my 66 when I was test fitting a used trunk pan over that shock mount rail . I could walk through the trunk since there was literally nothing there except maybe 1-2 inches of metal
around the shock bolts.
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and in place welded in.
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