The limited edition model is sold exclusively through the Southern California Galpin Ford dealership. Immediately following the vehicle unveiling, the first of the 45 special edition Mustangs was sold at auction for $125,000, autocar.co.uk reported.
Lee Iacocca is known to many as the “Father of the Ford Mustang”. In the early 1960s, while working as Ford’s General Manager, Iacocca shared his vision of a fun-to-drive compact car to Ford board members. This car would eventually become the 1964 1/2 Ford Mustang.
Therefore, the limited edition Mustang has been dedicated to Iacocca, who also helped design the anniversary model, working with designer Michael Leone, Gaffoglio Family Metalcrafters and Design Company. It reportedly took them two years to complete the design, and the result is breathtaking.
What has the Iacocca Ford Mustang that makes it so special? Except for its redesigned front end, with inset headlights, the fastback rear end is what leaves us baffled. Completing the look are the 20-inch Iacocca Design wheels shod with Goodyear Eagle tyres.
Interior highlights include a leather-wrapped steering wheel with "I" logos, Diamond Design leather seats, and Iacocca-badged aluminium sill plates.
The car’s two powerplant options sourced from the same engine, namely a normally-aspirated 4.6l Ford V8, and both are mated to a 5-speed stick shift transmission. The unit develops either 320 hp (for the Ford Racing Cold Air) or 400 hp (for the Ford Racing Supercharger).