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Iacocca in 2006 with the '65 Mustang his lifelong friend Hank Carlini built for his 50th birthday. Although it has often been said that Iacocca owned Mustangs during his years at Ford, this has never been true. He drove corporate-owned Mustangs as well as a lot of competitor vehicles for evaluation purposes. This Caspian Blue convertible is the only classic Mustang he ever owned outright.