People: Oct. 20, 1986

The majestic Mohammed Ali Mosque has overlooked Cairo for 130 years. Last week Egyptians were contemplating another Muslim institution with the same name: Muhammad Ali, 44, the noted U.S. automaker. That's right, Ali has gone from rope-a-dope to car star. Lee Iacocca, you could be in a heavyweight fight here. The poetic, peripatetic former boxing champion was in Egypt to announce the launch of a two-seater sports car, to be called the Ali 3 W.C. (for three world championships). The $25,000-to-$30,000 item will be turned out in South Boston, Va., starting next year, and the first batch will be marketed in...

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