The Continental Mark III was the brainchild of
Lee Iacocca, Ford's vice-president, car and truck group in 1965, who directed Design Vice President, Gene Bordinat, to "put a Rolls-Royce grille on a Thunderbird" that September. Development was assigned by Iacocca to the new "Strawberry Studio"- a special development preproduction team led by Bordinat. The Mark III was based on the
fourth generation Lincoln Continental (1961–1969) and the four-door
fifth generation Thunderbird Iacocca explained that this transformed the Lincoln-Mercury Division from losing money on every luxury car (via low unit sales on high fixed costs) to a profit center, making the new Mark series as big a success as any he ever had in his career—a remarkable statement from an executive who led the programs for the original
Ford Mustang and the
Chrysler minivan family. Iacocca explained of the Mark series, "The Mark is [in 1984] Ford's biggest moneymaker, just as Cadillac is for General Motors. It's the
Alfred Sloan theory: you have to have something for everybody [...] you always need a poor man's car [...] but then you need upscale cars, too, because you never know when the blue-collar guy is going to be
laid off. It seems that in the United States the one thing you can count on is that even during a depression, the rich get richer. So you always have to have some goodies for them." Even though it was fundamentally a stretched, upscaled Thunderbird, the 1969 Continental Mark III traded on being a spiritual successor to the limited-production, hand-built, ultra-luxurious
Continental Mark II produced by the short-lived
Continental Division of the Ford Motor Company between 1956 and 1957. As such, it was branded and marketed only as a "Continental" within the Lincoln-Mercury Division structure - regardless that Lincoln was already selling a model called the "
Lincoln Continental" - and the Lincoln name did not appear on the vehicle, VIN plate, factory paperwork, window sticker, nor official Ford Motor Company brochures and advertising. Moreover, the Continental Mark III designation had already been used on the 1958
Continental Mark III. Nevertheless, the new Lincoln-Mercury Division-produced Continental Mark III was sold alongside the separate but distinct Lincoln-Mercury Division-affiliated and produced Lincoln Continental line of sedans. This created branding confusion during the entire production run of the Continental Mark series until the 1986 model year, when Continental was dropped as the make and the Mark VII was rebranded as a Lincoln with VINs adjusted accordingly. The 1969 Mark III was built at the enlarged facility at the
Wixom, Michigan assembly plant, home to the rest of the Mk III series and subsequent generations of the model. The listed retail price was US$6,741 ($ in dollars ) and 30,858 were manufactured. == Production figures ==