Management: The Mustang Twins Move Up

The most amazing success of an amazing auto year has been Ford's Mustang, an economical everyman's sports car that has run up 273,000 sales since its introduction nine months ago.

Detroit's hottest automaker, as a result, is Ford Division General Manager Lee Iacocca, 40 (TIME cover, April 17), who not only fathered the Mustang but ran his division so well that Ford in 1964 ate heavily into Chevrolet's predominant share of the middle-priced auto market.

Last week Iacocca got his reward. Piling his personal gear into a bright red Mustang, he sped the half-mile from his office to corporate headquarters in Dearborn,...

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