When Lee Iacocca sprinkled exclusivity on Chrysler

chrysler TC photo convertible

Having stabilized Chrysler somewhat with sales winners like LeBaron, the bestselling convertible in America, and Town & Country, Caravan, and Voyager, the bestselling minivans ever, and proving with the Charger, Daytona, and Laser that a 4-cylinder with a turbo and proper engineering could hang with competition packing 8-cylinders, Lee Iacocca decided it was time for the company to return to its former glory days of offering top level luxury performance cars.

The return of the Chrysler Imperial and TC

While Iacocca brought back the Imperial brand for 1981, sales slid quickly, ensuring its demise by the end of 1983.  Returning to the drawing board in the late 1980s, Chrysler introduced the Turbo Convertible, or TC, by Maserati and the new Imperial a few years later.  Both gave Chrysler a competitive edge in the luxury market competing against the likes of DeVille, Continental, Park Avenue, Allante, Reatta, and other well-known models in the segment.

With the TC largely based on the LeBaron and the Imperial based on the New Yorker, it was a tough sell.  Customers saw through the modified nature of both and had difficulty justifying the premiums, despite the fact that both were considerably distanced from their cousins.  Especially the TC, which was literally an international effort between Chrysler and Maserati, which begat a remarkable interior of hand-crafted Italian leathers, exquisite paint, and a one-off chassis.  Buyers could also opt for the Maserati-enhanced engine, which gave the 4-cylinder a head designed by Maserati and crafted by Cosworth to help conjure up 200 HP.  Backed by a Getrag 5-speed manual transmission, it gave TC a sportier feel.  Meanwhile, Imperial buyers enjoyed a choice of higher-end leather or cloth upholstery, extra sound deadening material, increased soft surfaces inside, a refined suspension system, and an optional built-in hands-free phone system.  Mind you, this is 1990.

Sales of both were lukewarm at best, but drew attention to the Chrysler brand, which is really what was needed.  Interestingly, while neither TC or Imperial set any sales records for the years both were in production, sales of other Chrysler models saw increases, including LeBaron, New Yorker, Daytona, Dynasty, and all those minivans.  Halo cars sell.  Just not themselves.

1989-1991 Chrysler’s TC by Maserati

An exclusive, open-top, two-seater for Mopar customers

Lee Iacocca took the helm of the Chrysler Corporation in 1978 and his first order of business was to turn the company around.  It was doing okay, but futurists were predicting a dim outlook.  The idea was simple – make Chrysler great again.

One of the many paths he took was to revisit Chrysler’s past, when it produced expensive, highly-engineered, exclusive cars for a refined audience.  This reputation goes back to the beginning, by the way, when Walter Chrysler reinvented the Maxwell Motor Company in his own name.  His idea was not to build for the masses like Ford and Chevrolet and Dodge, but rather cater to an upscale clientele.  Arguably, this philosophy hit its zenith for Chrysler in the 1950s through the mid-1960s, particularly with the concept cars jointly built with Italian coachmakers that stunned the press and public alike when they made the show circuit.  Working with a small group of people inhouse, and his age-old friend, Alejandro DeTomaso, who owned Maserati at the time, the idea of the Turbocharged Coupe was spawned.

Based heavily on the LeBaron, which used a K-Car chassis, the TC would use the exclusive new Q-Chassis, which would ultimately lend the name Q-Body to the new TC.  But as time wore on, the idea shifted a bit and the new car would be a convertible, but with a removable hardtop lending owners the flexibility of a closed coupe or an open-top convertible.  The car would always carry a soft top which could be hidden away under a hard tonneau cover, and the name would change slightly to Turbo Convertible.

At the 1986 Los Angeles Auto Show, the all-new Chrysler’s TC by Maserati debuted to an ocean of stunned onlookers.  The reception was polar, with some wondering why Chrysler would modify a LeBaron and slap a sticker price of more than $30,000 on it (about $80,000 today), while others loved it regardless of its seeming LeBaron/K-Car roots.  It was obvious where Maserati worked its magic, the paintwork was outstanding and the interior was right out of a “Things Italians do Best” coffee table book.  And then – nothing.  The concept sat dormant until 1989, when the TC finally hit showrooms.

Fitted with all Chrysler mechanicals and electronics, the car was largely designed by Chrysler, with Maserati assembling them mostly by hand and completely designing and crafting the interior.  Once complete, the cars were sent back to Chrysler for distribution.  The chassis employed some specialty components, the shocks and unique antilock braking system chief among them, and the car was initially powered by the 2.2L inline 4-cylinder turbo with an automatic transmission, a modified version of which would become available a little later with a Maserati-designed head that would be made by Cosworth.  This would give the 160 HP 4-cylinder an extra 40 HP.  Available only with a 5-speed manual transmission, the Maserati-head TC would be the rarest, with just 501 built.  Offering a slightly smoother operation with better low-end torque, the TC later arrived in showrooms packing a Mitsubishi-sourced 3.0L V-6 and an automatic transmission.  With no turbo, the whole “TC” moniker became kind of weird, but it stuck.  Some felt Chrysler-Mitsubishi should have engineered a turbo and intercooler for the V-6 making it very exclusive, lending a tremendous amount of power, and maintaining the TC nomenclature.  But, nothing doing.  Sales peaked during the inaugural year of 1989, with 3,764 sold.  Just 1,900 were sold in 1990, and 1,636 in 1991.  With Chrysler losing money on every TC, production ended.

3 chrylsers with different tops

Where is the Chrysler TC today?

Initially and still often today, the TC is regarded by many as a kind of loser in the autosphere, a strange reinterpretation of the popular LeBaron with fewer seats and, some argue, less attractive exterior styling.  In the shadow of the Cadillac Allante and Buick Reatta convertible, the TC had its work cut out for it, and for the most part, people simply didn’t understand.  Of course, it did outsell the Reatta convertible by a fair margin, but that’s really not saying a whole lot.

So why do we love it?

It’s very unique and it was a revisit of Chrysler’s glory days when the company engaged with European partners to create something remarkably special, something wholly exclusive, something future generations could look back at and be inspired.  While the TC was considerably more pedestrian than those concepts from the 1950s and ’60s, it did host a spectacular interior and a robust drivetrain, although, like with everything, opinions vary on that last point.  It was also a unique moment in time when manufacturers attempted to deliver greatness.  Most interestingly though, the TC has gained a following of fans mostly comprised of younger people ranging from 18 to 50, which seems to indicate the values will have longevity as perhaps there will be a following that is more appreciative of the rare TC than previous audiences have been.  Building on that, the TC is a perfectly sized car.  While, no, it won’t seat four, it is a spectacular car to enjoy around town or on a weekend getaway.  It’s easy to park, it’s fuel efficient, very comfortable, and has ample power, especially with the Maserati head.  It’s no sportscar, but neither was the Allante, Reatta, or mighty Mercedes-Benz SL, for that matter.  It was a car for enjoying life.  It was something unique, a car not for everyone.  And, again – not many remain on the road.  Of the roughly 7,000 made, it’s estimated that maybe 4,000 remain, and some say even less.  If you get one, expect some strange remarks, maybe some even a little hurtful.  Bring a sense of humor, and remember – they’re not for everyone.  And that’s what makes them great.

rear 3/4 shot of chrysler

1990-1993 Chrysler Imperial

Reimagining the flagship – for a moment

The Imperial was introduced in 1926 as Chrysler’s top-tier model, competing with the likes of Lincoln, Cadillac, Packard, and others in the luxury car field.  The model would become its own brand for 1955, shedding the Chrysler name and becoming just Imperial.  For 1975, production would cease and the Chrysler Corporation would have only its New Yorker as its upscale offering.

When Lee Iacocca took over as president of Chrysler in 1978, he asked where their Eldorado competitor was.  The response was lacking at best, and Iacocca insisted on the company reviving the Imperial name.  Interestingly, a sharp coupe had already been on the drawing board but was suspended.  Looking it over, with a few changes to the design, the new-for-1981 Chrysler Imperial was born, once again using the surname.  By design, the outward appearance was unlike anything on the road – it used a subtle bustle back trunk styling similar to cars of the 1920s and ’30s, which would also be adopted by Cadillac for its 1980 Seville, and Lincoln for the 1982 Continental.  The front end was slightly raked with hidden headlights and a waterfall chrome grille topped by a real crystal Pentastar hood ornament by Swarovski.  The interior featured futuristic digital instrumentation and a choice of leather or velour cloth upholstery with thick carpeting and a multitude of soft surfaces.  An extensive use of sound deadening materials ensured the new Chrysler Imperial was one of the quietest cars on the road.  Sales were not as expected and slid from a high mark in 1981 to the lowest sales seen in 1983, the year the model was discontinued.  But it was a shot in the arm financially for Chrysler, exactly what the company needed to fund more vehicles that would sell in more abundance like the minivan, convertible, and sporty hatchbacks while the New Yorker Fifth Avenue would soldier on as the Chrysler luxury flagship.

By the late 1980s, time was running short for the New Yorker – an aging rear-drive platform with a front-mounted V-8 engine, it was indeed a spectacular luxury car that competed with Cadillac and Lincoln, but Chrysler was moving further into the front-wheel drive segment and the New Yorker would need to adopt an entirely new platform.  Upon that all-new chassis, the 1990 Imperial would make yet another return, a planned short appearance that would span just four years, at which point the platform and the Imperial name would be retired to make way for the new LH-platform cars, including the LHS, which would replace the Imperial as the Chrysler flagship.

The 1990s Chrysler Imperial is born

The all-new New Yorker-based Imperial debuted for the 1990 model year with a 147 HP 3.3L V-6 engine with 185 lb-ft of torque, an engine that would be replaced for 1991 with a 150 HP 3.8L V-6 that delivered a considerably improved 215 lb-ft of torque.  The New Yorker lineage was almost painfully obvious to most, but a lengthened body, formalized roofline with a half vinyl treatment, specialized trim, a unique interior, and restyled front and rear ends largely rounded out the highlights and distanced it from the lesser Chrysler.  The extra length offered better rear seat legroom and a slightly larger trunk; the wedgier nose featured a tall chrome waterfall grille with a specialized Imperial Eagle Pentastar hood ornament; the rear was styled with a full-width taillight design.

The overall effort was terrific, and the base MSRP at just north of $25,000 seemed a bit of a bargain considering both the Lincoln Town Car and Cadillac DeVille held MSRPs for a hair over $30,000.  Granted, they hosted V-8 engines and larger interiors, however, Chrysler had an astonishing warranty program and worked very diligently in offering customers a highly-advanced optional technology package, which included a mobile phone built into the sun visor.  Fully loaded, the Imperial cost nearly $28,000.  Across the four years Imperial remained in production, around 41,000 were made, nearly 15,000 were sold in 1990 with subsequent years slipping annually.  By the time the last Imperial rolled off the assembly line in 1993, just a hair over 7,000 were built that year.

Why do we love the 1990s Chrysler Imperial?

In a word, inimitability.  With just 41,000 Imperials made across four years, it’s a cinch only a handful remain in exquisite condition.  It’s another no brainer that even those in good condition are substantially rarer than other luxury cars of the same era.  It’s something wholly unique and different, yet harkens back to an age when the American luxury liner was king, a car of means, a car of substance, a car of quality like few others.

While it can’t rightly be called the last of the big Chryslers, it remains the last of the Imperial line, which is unique in and of itself.  The interiors are surprisingly comfortable, the large seats are well padded and supportive, the instruments are clear and legible, the sound system is terrific, and the noise levels at highway speeds measured a mere 66 decibels when new.  An Imperial is about isolation, in many regards.  Not feeling the road, not hearing anything from the road, and just enjoying a lofty cruise to a destination.  It’s not a car you use to race through canyons, but rather make arrivals at the valet stand.  It’s a car that will, indeed, draw attention because it is such a seldom seen car and commands a unique, stately presence.  More than likely, it would be the only one at a local cars and coffee cruise in, and would be the perfect way to attend a car show – even if you just park it in the lot and enjoy the event.  The car will be a treat to those happening upon it in the lot.  One word of caution – the wire wheel covers require a key to remove them.  If you buy one, it’s a good idea to make sure it comes with that key.  Otherwise, enjoy having something seldom seen.

 

C3 and C4 Corvette – oft overlooked, but for how long?

silver c3 corvettes

The Corvette is a born collector’s car.  Since 1953, it’s been sparking the imaginations of enthusiasts around the world, fueling passion and cultivating dreams in the young and not-so-young.  The word is popularly derived from the French language, and was used in the 1600s to describe a small, single-sail ship normally used in convoy.  Fitted with a single tier of guns, corvette ships were normally seen as escorts for larger vessels or, later, for thwarting submarines.  As time went on, their smaller stature allowed them to be very quick, agile and fast.  The word is said to come from the Latin word corbita, or slow-sailing ship, normally hauling grain, and that word is said to come from corbis, meaning basket.  Following the etymology of the word, it’s very unique how the history of the Corvette automobile mimics that of the corvette ship – a small, slow ship that took its name from a basket that evolved into a small, quick, agile ship.  Similarly, the Corvette car began as a small, slower car that evolved into a small, quick, agile sportscar.  The small relates back to the basket, of course.  With all this useless information shared, again – the Corvette is a born collector’s car and is hard to go wrong with.

The C3 and C4 Corvettes are often the unsung, overlooked of the breed.  While any Corvette will likely be a delight to own and steadily raise in value over the years, the C3 and C4, we think, are going to begin pulling values much higher in a very short amount of time.  Interestingly, the 1968-1982 C3 Corvettes are gaining value nicely, right alongside the 1984-1996 C4 Corvettes, both generations of which took their time to begin percolating.  Why they were slow to bubble is a myriad of tales of poor quality and lacking performance and so on, all wedged between the omni-popular 1963-1967 C2 Corvette and the shockingly spectacular C5 of 1997-2004 and the C6 of 2005-2013, and of course, the instantly popular C7 of 2014-2019, the last of the front-engine Corvettes.  But it’s those cars, ironically, that make the C3 and C4 so interesting because they represent some of Corvette’s finest moments in history.

Restoring C3 and C4 Corvettes can be very rewarding.

C3 corvette custom

Classic Corvette Values

Corvette has long proven an interesting investment.  While so many world-class sportscars rise aggressively and fall sharply with the market trends, Corvette values normally rise more slowly and simply level out when the market crashes.  It’s a very interesting and rare trend in collectible cars, a trend that stands to give a lot of credit to buying a Corvette.

Expanding on the term “value,” we find Corvettes also serve their owners in another way – serviceability.  With 2,899 Chevrolet dealerships in the United States, in the event a Corvette needs servicing, owners are never far from factory-authorized and trained assistance.  This should bring some peace of mind to any Corvette owner.  On top of that, especially in regards to the C3, these cars are fairly simple to fix with generally very good parts availability, which is just part of the reason so many people restore Corvettes.  On top of that, Corvette clubs and enthusiasts aplenty mean there is no shortage of information and advice, and they make finding Corvette parts even easier.  So, applying the word “value” to a Corvette often goes in many directions.

white and red c3 corvettes

Corvette C3 and C4 Values

As mentioned before, the C3 and C4 were often overlooked due to quality and performance concerns.  Emissions and efficiency were in their infancy, but paramount to the government.  It took a toll on performance.  Quality, most agree, took a dip during the 1970s, but again, most agree today that it is not enough to make a big deal about.  By now, most issues have been sorted through, providing a car that offers tremendous enjoyment.  Being caught between the C2 and C5 Corvettes, however, has diminished interest in the C3 and C4 for many years.  However, it’s interesting to note, that in recent years, values of both have been on a steady rise.

The C2s are becoming almost too expensive; the C5, thanks to its quality and performance, have led the charge with C6 and C7 only exacerbating the rise leaving C3 and C4 to flounder for many years.  However, paying attention to the market will show that younger buyers are gravitating to the unsung heroes – buyers in their late teens to early 50s are showing great interest in the C3 and C4 Corvettes, and with prices rising on C5, C6 and C7, the C3 and C4 seem like veritable bargains.

We think the trick is to buy what you like, but – if you can step up to a rarer performance model, you will likely be in a better value position in the long run.  While we adore the big blocks, we truly feel the C3 LT-1 is going to be a very highly sought after car in the next couple of years.  Similarly, for the C4, while the early tech is novel, we wonder if by investment the more powerful Corvettes of 1989 and on will prove of more interest, particularly the ZR-1.  While many have feared the ZR1 for engine parts availability, the fact is more and more parts are becoming available.  And remember, the ZR1, in 1989 as a prototype, set something like seven speed and endurance records in 24-hours – records that still stand today.  The general consensus around these 1990s ZR1s is that if the engine blows, the driver worked really hard to blow it.  Again, find the best one your budget can handle, talk to people in the know, and be smart about buying – ask to see records and receipts for service, make sure the parts they used were quality parts

C4 corevette black rear

Ochs Restoration Series – A Family Find – The 1965 Chevelle 300 Deluxe

Chevelle mustard

Do you ever really need a valid reason to buy a cool muscle car?  The year was 1993.  I was on a year-long break from my college studies in Arizona (because I needed more money to continue funding my education), and my brother Chris had been searching for a daily driver, because his truck used too much fuel.  Coincidentally, Chris didn’t have to look too far, as our aunt and uncle had a 1965 Chevelle 300 Deluxe that wasn’t being used because they had purchased a new car.  Equipped with a straight-six and a 2-speed Powerglide transmission, the Chevelle had just been sitting in their garage for years.

When we headed over to see the Chevelle, Chris joked that if the cigarette lighter worked, that we would buy it!  Not only did the cigarette lighter work, but the car fired right up.  For $500, Chris and I acquired another muscle car.  We both shared the car and drove it for our daily commutes.

Within a year, I had bought Chris out of the car and ended up putting a 305 V8 in it and took it back with me to Arizona on my return to college.  During my studies, I started doing bodywork on it; but, as it was my only car, the process was slow.  One weekend, I decided to do a little motor work to it, which included a hotter cam and a 4-barrel intake and carburetor.

 

Of course, it didn’t stop there.  Us muscle car guys always want more horsepower.  Eventually, I dropped in a 383 stroker, rebuilt the tranny with a higher stall converter, finished the bodywork, and had to get it ready for paint.  I primed and sanded the car on weekends outside at my place of employment.  When it was time to paint the Chevelle, a friend of a friend had a barn that was converted into a paint booth, and he was willing to rent it to me for $50/day.  The color I chose for the Chevelle was Chrome Yellow.  I had seen this color on a Ford Ranger and thought it really popped.

 

I then tackled the interior with a friend of mine.  We used tweed material and switched out the front bench seat for some low-back bucket seats out of a Chevy pickup.  This became my NEW college vehicle.  After graduating college, I kept the Chevelle for several years, but had to sell it for financial reasons…I was embarking on buying my first house in Arizona.

 

By Jim Ochs

Jim Ochs