Once you have the brake drum off you'll notice a round hole in the axle flange. This hole is to allow access to the retaining bolts. There's four of them and they serve a dual purpose of holding the axle and brake backing plate. You won't need a wrench on the backside due to the design of the bolts. Once you have the nuts off the bolt heads the axle will slide out. Sometimes they get a bit difficult and you'll need a slide hammer to convince them to come out. A quick trick is to turn the drum around, place it back over the studs and replace some of the lug nuts, allowing a space to get movement on the drum. You can them pull on the drum like a slide hammer.
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John Wilson
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My first Pony and my current factory GT '66 Fastback
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