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The following is stated by Edward Faultless, who's brother owns the Stallion pictures above.
"My brother is the 4th owner of the car, having purchased it in 1993 from a close friend of ours. He purchased the car in 1979. We were also acquainted with the 2nd owner as well. We have just tracked down the original owner, but he has no pictures from its past. We are missing a few key pieces of badging. The car does not have a Mustang grill, but we assume the current unit is as installed by Mainway.
The car was a limited edition dealer option from Mainway Ford in Toronto, Ontario, CANADA. The cars came from the factory with the 390, 4 bbl and 4 gear tranny. Mainway then replaced the rear tail-light panel and tail-lights with 1967 Cougar units, chromed the side vents, and added the chrome trimmed, vinyl along the fastback. The interior features the brushed aluminum panels that were a Mustang option. Stallion badges were added to the fenders and the trunk lid, unfortunately these pieces have been missing since at least 1976. The car still has the pop open gas cap with the Stallion graphic and a similar badge on the passenger side dash. The graphic is a rearing Stallion, a mirror of the Ferrari's, but a much tougher looking horse!
Mainway apparently offered a number of engine upgrades from the standard 320 horse-power S-code 390. Listed were the 410 horse-power 390 and a 550 hp 427. This car has a Mercury 410 ci engine (390 block) with a lot of work done to it. 12.5:1 compression, Holley 850 cfm and 5.13 gears. 450 horse-power and 11.3 et quarter miles. The advertisement picture is from Ford of Canada historical archives featured in Rare Finds section by Jerry Heasley Mustang & Fords (August 2000),pg 94. The car on our website was featured in Rare Finds by Jerry Heasley Mustang & Fords (March 2001), pg 86. We have not seen another one, but apparently there is one other known to exist. We have done some research on this with Peter Klutt of Legendary Motor Cars, who also hosts "Dream Car Garage" on Speedvision television in North America."
Credit to Wolfgang Kohrn for some of the above information.