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1979
The Capri was refreshed with more agressive bodywork to regain its sporting image.
The Mustang was redesigned as well.
The F-series was redesigned
1979 saw Iran's government overthrown by revolution in favor of a radical Anti-American Islamist theocracy that went so far as to hold employees at the US embassy as hostage. The chaos knocked that country's oil production offline. The world was plunged into yet another energy crisis.
Henry Ford II resigned as CEO after over 30 years of service. Philip Caldwell replaced him, the first CEO outside of the Ford Family since John S Gray sold his shares to Henry Ford in 1906.
Ford bought a 24.5% share of struggling Japanese automaker Mazda.