I can pretty much confirm what you said, Mike, as well as the reference going back to Carl. We had this discussion a long time ago when it was believed that all undercoating was applied after arrival in the States. The description from Carl and Terry is fairly accurate, showing a rippled texture to a thick paint finish throughout the rear wheel wells and rear deck extending into the transmission tunnel. I have no evidence of the front fenders receiving this treatment; just the front wheel well area of the chassis indicating that this surface was applied prior to application of any mechanical and body components. I think the splash shield in the right rear wheel well is discussed accurately also. No texture, just paint with painted screws. I would not describe the paint finish as "overspray" though. I find a thorough spray applied finish. I have an example of an early car in silver and the paint finish underneath does not contain the metalic luster of the upper body surface. It is simply the grey pigment. I suspect that the "undercoating" finish was applied at the same time the body seam sealant was applied. The paint finish is obviouosly spray applied and I have noticed thin or non-existant spots underneath the cowl, top, and inside the rear quarter panels. Ther is also a bare strip on the post that braces the rear valance at the center of the car. My cars show no evidence of paint inside the constructed body sections. It seems to be all bare metal in there.