PONY CAR PROGENITOR; Mustang No. 1 returns to kick up its hooves.(Ford 100)(Product/Service Evaluation)

Byline: ROGER HART The story, like the car, is legend. In 1961 Lee Iacocca, vice president and general manager of the Ford division, wanted to build an American interpretation of a European sports car. He asked engineers for a lightweight car (less than 2500 pounds) that could seat four and be fitted with bucket seats and a floor-mounted shifter. He wanted a powerful engine and a sticker price of less than $2,500. Iacocca's dream became the Mustang, and the car is credited with creating a generation of American fun machines known as pony cars. The first production Mustangs began ...