I ran across this while surfing through photos on Flicker. I had to research this and see if it was a custom some hippy on acid (stay away from the brown acid dude it’s bad) conjured up or an actual prototype.
Well the later is what it actually is. Yes, Ford took the then popular Mustang and butchered it up to try to grab more of the older consumer market. Only a small number of the cars were produced but the idea was eventually abandoned. The 1965 Mustang Estate Wagon never saw production and was commissioned by a company called Intermeccanica.
There have been several car show sightings of this car across the U.S. as well as some articles done on the car but nothing really indepth. Car & Driver Magazine did a piece on the car but I have yet to see it other than the cover you see here.
Rumor has it that Ford was considering revisiting this idea with the current Mustang, citing the past popularity of the Dodge Magnum. Let’s hope they don’t! I’m a Chevy guy myself but I hate to see even Ford make a stupid mistake like that.