The 1934 Ford (the Model 40B) was not as substantial a model year change as the previous two years had been. Noticeable changes included a flatter grille with a wider surround and fewer bars, straight hood louvers, two handles on each side of the hood, smaller head lights and cowl lamps, and a reworked logo. The bare metal dash insert was replaced by painted steel.

V‑8 output was again increased, this time to 85 hp (63 kW), and the four-cylinder Model B engine was in its last year, as was the Victoria body style; nevertheless, there were fourteen body options, the Tudor being top-seller. The standard three-window coupe was deleted.

Deluxes had pinstriping, again twin (chromed) horns, and twin back lights. Inside, they got more elaborate wood graining.

The 1934 Ford V-8 is infamous for being the vehicle in which the notorious Depression-era bandits Bonnie Parker and Clyde Barrow were ambushed and killed. Barrow preferred to steal the powerful Ford V-8, and was driving a 1934 sedan on May 23, 1934, when a heavily armed law enforcement posse opened fire and riddled the pair with bullets and buckshot in Bienville Parish, Louisiana.

1934 Model 40 Special Speedster

Edsel Ford commissioned Ford’s chief designer, E.T. “Bob” Gregorie to design and supervise the construction of a personal sports car based on a style of period sports car Mr. Ford had seen in Europe. A special two seat roadster was built from aluminum and installed with a flathead V8 engine. Only one was built and is currently at the Ford House museum,