- Lee Iacocca is named President of Ford Motor Company.
- Ford acquires a controlling interest in European design firm Ghia of Italy; Ghia designers produce a running prototype of a small, sporty car in just 53 days, helping to redirect thinking of what will eventually become the Mustang II.
- Lee Iacocca pushes for a Mustang redesign; last-minute consumer clinic suggests that buyers want to seea notchback Mustang as well as a fastback Mustang.
- Ford announces that '73 is the last year for Mustang convertibles.
- Mustang is the only Ford product to offer the division's High Output 351 V-8.
- Mustang model-year sales rebound slightly, to 134,267; convertible sales almost double, to 11,853.
- The downsized, wholly redesigned Mustang II is in showrooms during the '73-'74 energy crisis, a propitious marketing moment.
- The familiar long hood/short deck profile is retained, but the package is smaller than even the origional '64 1/2 model.
- The initial Mustang II offers a four and a six, but not a V-8, a first for Mustang; the 2.3 liter four is America's first mass-produced engine built to metric measurements.
- Mustang convertibles disappear, and will not return until 1983.
- The Mustang logo is redesigned.
- Mustang's upmarket model is now called Ghia.
- The Mustang II sells a robust 385,993 units during the model year.
- Mustang's V-8 engine option returns with a 302 c.i. small-block, detuned to 122 bhp.
- Hood, grille opening, and many internal components are changed to make room for the 302.
- A new Ghia "Silver Luxury Group" package offers silver metallic paint, silver vinyl half-top, cranberry velour interior, and other pseudo-luxury trim.
- Mustang sales drop from the '74 level by over 50 percent, to 188,575.
- Horsepower of Mustang's 302 V-8 increases from 122 to 139 bhp.
- A cosmetic Cobra II package produced by Motor Town Corp. debuts, comprising sport steering wheel, front air dam, nonfunctional hood scoop, and other add-ons. Initial colors are restricted to white with blue trim stripes. Later in the model year, Medium Metallic Blue with white stripes joins the lineup. Near the end of the model year, Black with gold stripes also debuts.
- Another cosmetic option package, the Stallion, is offered.
- Mustang's option list expands to include a glass moonroof and stand-up hood ornament.
- 187,567 Mustangs are sold during the model year.
- The Cobra II package returns with the white with blue stripe and black with gold stripe options. New colors are white with red stripes or white with green stripes.
- More than a quarter of Mustangs sold had V-8s.
- The Stallion package is replaced by a Rallye appearance package featuring black paint with subtle gold accents.
- The Rallye package tweaks performance and handling with a Traction-Lok limited-slip differential.
- In the main, alterations to the year's Mustang are minor; inside, faux wood accents abandon a buried-walnut look for simulated pecan grain.
- Ford president Lee Iacocca is fired and goes to Chrysler.
- Cobra II trim changes from twin top stripes to large top and side graphics. Black or white cars are available with red/orange or green/yellow decals.
- King Cobra package introduced. With less than 5000 units of production, it is the most collectable of the Mustang II's.
- Model-year Mustang sales bounce back to 192,410.
- Mustang is restyled (loosing all traditional Mustang styling ques) and name is changed, dropping the "II" designation.
- Engine choices remain the same as '78 with addition of blow-through carburated turbo on 2.3L engine.
- Indy Pace Car version features 302 2 barrel V-8 or 2.3L Turbo with cowl induction, air dam, wild graphics and Recaro seats.
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1970 Mustangs were mildly restyled. Headlight configuration reverted to a single seven-inch lamp on each side, this time inside the grille opening, Simulated scoops took the place of the outside headlights. The rear taillight panel was flat rather than concave and the taillights are recessed.
Manufacturer: Ford Motor Company
Model: Mustang-GT 35th Anniversary Edition
Year: 1999 (Purchased July 5, 1999)
Ford Mustangs grew to their all-time largest for the 1971 model year. Wheelbase was up an inch to 109, length increased 2.1 inches to 189.5 and width grew 2.4 to 74.1. The latter was accompanied by a tread increase to allow the 429 cid big-blocks to fit with ease.
Maufacturer: Ford Motor Company
Ready for some good news? Today Ford Motor Company announced its Mustang sales figures for May. If you recall, the company sold 7,699 Mustangs in April.
It's a pity that Ford didn't document the 1965 through 1969 GT Mustangs with their own unique code, either on the data plate or on the VIN.
While maintaining a basic resemblance to previous Mustangs, the 1971 Mustangs were the largest and heaviest yet. Every dimension increased; Wheelbase was stretched to 109 inches.
Engine choice still remained high; a total of ten different engines were available on the 1971 Mastang.
Base engine was the 250 ci six-cylinder on all models except the Mach 1 which came with the 210 hp 302 and the Boss 351 which got a 330 hp version of the 351.