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The car has literally not been run in 31 years.
It has been run/driven at least once in the past 10 or so years. Believe at the 40th anniversary show I remember an article was written around then that talked about them preparing the car and observations from driving.
It was 2003:http://www.mustangandfords.com/featured-vehicles/173-0311-ford-mustang-number-1-drive-preparations/