Ford Mustang - second generation
19741978 Mustang II
Lee Iacocca, who had been one of the forces behind the original Mustang, became President of Ford Motor Company in 1970 and ordered a smaller, more fuel-efficient Mustang for 1974. Initially it was to be based on the Ford Maverick, but ultimately was based on the Ford Pinto subcompact.
The new model, called the “Mustang II”, was introduced on September 21, 1973, two months before the first 1973 oil crisis, and its reduced size allowed it to compete against successful imported sports coupés such as the Japanese Datsun 240Z, Toyota Celica and the European Ford Capri[38] (then Ford-built in Germany and Britain, sold in U.S. by Mercury as a captive import car). First-year sales were 385,993 cars, compared with the original Mustang’s twelve-month sales record of 418,812.[39] Ultimately, the Mustang II would be an early example of downsizing that would take place among Detroit’s Big Three later in the decade.
Iacocca wanted the new car, which returned the Mustang to its 1964 predecessor in size, shape, and overall styling,[40] to be finished to a high standard, saying it should be “a little jewel.”[41] Not only was it smaller than the original car, but it was also heavier, owing to the addition of equipment needed to meet new U.S. emission and safety regulations. Performance was reduced, and despite the car’s new handling and engineering features the galloping mustang emblem “became a less muscular steed that seemed to be cantering.[42]
Engines for the 1974 models included the venerable 2.3 L I-4 from the Pinto and the 2.8 L Cologne V6 from the Mercury Capri. The 1975 model year reintroduced 302 cu in (4.9 L) Windsor V8 that was only available with the C-4 automatic transmission, power brakes, and power steering. This continued through production end in 1978. Other transmissions were the RAD 4-speed with unique gearing for all three engines, and the C-3 automatic behind the 2.3 L and 2.8 L.
The 5.0 L designation was not applied until the 1978 King Cobra model. All 302 equipped Mustang II’s, except the King Cobra received an updated version of the classic Ford “V8” emblem on each front fender.
The car was available in coupé and hatchback versions, including a “luxury” Ghia model designed by Ford’s recently acquired Ghia of Italy. The coupe was marketed as the “Hardtop” but in fact had a thin “B” pillar and rear quarter windows that did not roll down. All Mustangs in this generation did feature frameless door glass, however. The “Ghia” featured a thickly padded vinyl roof and smaller rear quarter windows, giving a more formal look.
1974 models were: Hardtop, Hatchback, Mach 1 and Ghia. Changes introduced for 1975 included availability of an “MPG” model which had a different rear axle ratio for better fuel economy.
1976 added the “Stallion” trim package. The Mach 1 remained through the life cycle 19741978. Other changes in appearance and performance came with a “Cobra II” version in 19761978 and a “King Cobra” in 1978 of which 4,972 (approx) were built. 19771978 hatchback models, in all trim levels was also now available with the very popular T-top roof option, which included a leatherette storage bag that clipped to the top of the spare tire hump.
https://en.wikipedia.org/wiki/Ford_Mustang#Second_generation_(1974%E2%80%931978)
We had a 1974 Mustang II that my dad got for free. It was totaled a year later when someone backed into it.