Mustang GT
The Ford Mustang is an American automobile, originally based on the Ford Falcon compact. The first production Mustang rolled off the assembly line in Dearborn, Michigan on March 9, 1964, and was introduced to the public at the New York World's Fair on April 17, 1964, and via all three American television networks on April 19. It was one of the most successful product launches in automotive history. The Mustang sold over one million units in its first 18 months on the market. The Mustang remains in production today after many decades and several revisions.
Despite his repeated attempts to receive the go-ahead to produce such a car, Lee Iacocca's proposals fell on mostly deaf ears. Although the company was still smarting financially after the demise of the Edsel Division in late 1959, upper management at Ford under Robert McNamara (later United States Secretary of Defense under Lyndon Johnson) wasn't willing to take such a major risk. Still, Iacocca persevered and was given the green light to produce the Mustang in mid-1962, which gave the design team only eighteen months to design and develop the car. Not only did the project wrap up in under eighteen months, it wrapped up under budget, thanks to the decision for the use of as many existing mechanical parts as possible.
