The 1960 Falcon was powered by a small, lightweight 90 hp (67 kW), 144 CID (2.4 L) straight-6 with a single-barrel carburetor.
Construction was unibody, and suspension was fairly standard, with coil springs in front and leaf springs in the rear. Brakes were drum all round. A three-speed manual column shift was standard, the two-speed Ford-O-Matic automatic optional. There was room for six passengers in reasonable comfort in the simple interior. Body styles included two- and four-door sedans, two- or four-door station wagons, and the Ranchero car-based pickup, transferred onto the Falcon platform for 1960 from the Fairlane. A Mercury derivative, the Mercury Comet, originally intended for the defunct Edsel marque, was launched in the US midway through the 1960 model year.
The market shift which spurred the development of the Falcon and its competitors also precipitated the demise of several well-established marques in the late-1950s and early-1960s. Besides the infamous tale of the Edsel, the Nash, Hudson, DeSoto and Packard nameplates all disappeared from the marketplace.
In 1960, Ford's Canadian subsidiary introduced the Falcon-based Frontenac. It was designed to give Mercury-Meteor dealers a smaller model to sell, since the Comet was originally intended as an Edsel, which was sold by Ford-Monarch dealers. Produced for the 1960 model year only, the Frontenac was essentially a rebadged 1960 Falcon with its own unique grille, tail lights and external trim, including red maple leaf insignia. Despite strong sales (5% of Ford's total Canadian output), the Frontenac was discontinued and replaced by the Mercury Comet for 1961.
Robert McNamara, a Ford executive who became Ford's president briefly before being offered the job of U.S. Defense Secretary, is regarded by many as "the father of the Falcon". McNamara left Ford shortly after the Falcon's introduction, but his faith in the concept was vindicated with record sales; over half a million sold in the first year and over a million sold by the end of the second year.
Source: Wikipedia, 2013