History of Ford Mustang : Fifth Generation (1974-1978)

Everyone hates the Mustang II. It was too small, underpowered, handled poorly, terribly put together, ill-proportioned, chintzy in its details and altogether subpar. It also sold ridiculously well.

By the early '70s it was obvious to Ford that the pony car market the Mustang had established was changing. Emissions regulations made the high-compression, high-horsepower V8s unsustainable, and baby boomers were increasingly turning to smaller imported cars. Making the Mustang a smaller, more fuel-efficient car seemed like a good idea.

Tossing aside the Falcon components that had underpinned the Mustang from Day One, Ford plopped the 1974 Mustang II (Ford put the "II" there to indicate the extent of the car's change from the oversize '73) atop the basic structure and suspension of its subcompact Pinto. The Pinto was smaller than the Falcon, but otherwise similar. It was still a unibody design, the front suspension was still a double wishbone design and the rear suspension still bolted its solid rear axle to a pair of leaf springs. If there were any steps forward in technology with the Pinto chassis, it was that it had a rack-and-pinion steering gear rather than the Falcon's recirculating ball, and front disc brakes were standard.

The Mustang II rode on a miniscule 96.2-inch wheelbase and stretched out just 175 inches long total. That's 12.8 inches less in wheelbase and 12.5 inches less in overall length than the '73 Mustang. That's also 11.8 inches less in wheelbase and 6.6 inches less in overall length than the original Mustang. And it weighed in about 400 pounds lighter than the '73 version as well.

Despite the smaller size, the Mustang II actually revived traditional Mustang styling cues like the scalloped sides while retaining others like the three-piece taillights and the running horse in the grille. Available as either a notchback coupe or a fastback hatchback, the Mustang II's pricing ranged from $3,134 for a base coupe to $3,674 for a Mach 1 hatchback.

Lighter weight with the same power means more speed. But the Mustang II's reduced mass came along with less power. In fact, the '74 Mustang II was the first Mustang ever to be offered with a four-cylinder engine and without a V8.

The base engine was a single-overhead cam four displacing 2.3 liters (that's 140 cubic inches, and from here on out Ford expressed all Mustang engine sizes metrically) and rated at a truly pathetic 88 horsepower. The only optional engine was the German-built "Cologne" 2.8-liter OHV V6 making an underwhelming 105 horsepower. In stock form, the first Mustang II was underpowered, period. Two transmissions were available, a standard four-speed manual or a three-speed automatic.

In addition to a base notchback and base fastback, a "Ghia" notchback and Mach 1 fastback were offered during '74. Ordering the Mach 1 mandated inclusion of the V6 in the package. The Ghia included a vinyl top and fancy interior trim.

Coming to the market while memories of the OPEC fuel embargo of 1973 were still fresh in buyers' minds, the more economical Mustang II sold a stunning 385,993 units during its inaugural year. As much as the Mustang II is despised today, Ford appreciated its success back then.

A V8 returned to the Mustang lineup for 1975. The 5.0-liter (302 in Amerispeak) V8 had only a two-barrel carburetor through which to breathe, and had to exhale through a catalytic converter; both conspired to limit output to an anemic 122 horsepower. Further, the automatic transmission was the only transmission available behind the V8. The addition of the catalytic converter also tempered the output of the standard four to just 83 horsepower and of the V6 to just 97 horsepower.

The model lineup for '75 was supplemented with a new "MPG" coupe aimed at budget shoppers, but the market's initial enthusiasm for the Mustang II was already waning and production dropped to 188,586 — that's just 49 percent of the number made during '74.

Returning essentially unchanged for 1976, the Mustang II was stagnant during the year. All the variations from '75 returned with a new "Stallion" appearance package available on the fastback. But the most notorious addition was the Cobra II package that added a big rear spoiler, a fake hood scoop and blue stripes across white paint to a V8-powered fastback. The Cobra II wasn't any faster than other similarly powered Mustang IIs, but it sure looked radical and Farrah Fawcett-Majors' character, Jill Munroe, drove one on the huge TV hit series Charlie's Angels. Also in '76, the now 134-horsepower V8 was available with a four-speed manual transmission, output of the standard four swelled to a heady 92 horsepower and the V6's rating went to 102 horsepower.

Maybe it was bicentennial-induced hysteria, but Mustang II sales came in at a surprisingly stable 187,567 units — a mere 1,019 less than in '75.

Except for some minor trim changes and the expansion of colors available on the Cobra II, the 1977 Mustang II was visually identical to the '76. New to the options list were T-top removable glass roof panels and simulated wire wheel covers. Power from the four and V6 dropped again to 89 and 93 horsepower, respectively. Production dropped about 18 percent to 153,117 cars.

For 1978 the Mustang II got some revised trim and the radical-looking (but mildly performing) "King Cobra" version debuted. The King Cobra wasn't much more than a Cobra II with revised graphics and the hood scoop turned around backward, but it was visually about as nutty a Mustang as has ever been built. Mysteriously, production climbed to 192,410 units.

Thankfully, it was time for Ford to put the Mustang II out of its (and our) misery.