logo
King of the Hill: 1968 Cadillac Eldorado vs. 1969 Lincoln Continental Mark III

King of the Hill: 1968 Cadillac Eldorado vs. 1969 Lincoln Continental Mark III

Motor Trend20 hours ago

[This story first appeared in the July/August 2006 issue of MotorTrend Classic] At the end of the 1960s, the luxury-car market was booming to the tune of about $2.5 billion and Detroit owned it. Audis, BMWs, and Mercedes-Benzes were well-built drivers' cars, but these bland-looking boxes were too small, Spartan, and harsh-riding to suit well-heeled Yanks, and Jaguar was busy earning a reputation for quality lapses. So great was the demand for luxury offerings—especially personal-luxury coupes and close-coupled sedans that lesser divisions of the Big Three were fielding flagships of their own: the Buick Riviera, the Olds Toronado, and even the once sporty Ford Thunderbird was becoming a limo. Cadillac and Lincoln clearly needed new blood to assert dominion over these pretenders to the throne.
Cadillac decided to go cutting-edge techno with its offering, capitalizing on more than a decade's worth of research and development in front-drive technology. GM, Chrysler, and Ford all toyed with front-drive in the 1930s, with little to show for it. But by 1958, Cadillac had a running front drive prototype with a longitudinal engine. In 1959, Cadillac launched a program to create a spiritual successor for the opulent Eldorado Brougham, with front drive and the possibility of V-12 or V-16 power (see sidebar). Accommodating such a long engine required longitudinal engine placement, rather than the transverse arrangement Olds was developing for its compact front-driver at the time. Then in 1963, GM group vice president Ed Cole ordered Cadillac and Olds to consolidate their front-drive development and share the Buick Riviera's E-body architecture.
The Olds Toronado arrived for 1966; the Cadillac trailed by a year while a new assembly line was built.
Lincoln's Continental Mark III wasn't built as a hasty reaction to the Eldorado, but rather it was a Lee Iacocca brainstorm to leverage existing Thunderbird architecture and fill excess capacity in the Wixom, Michigan, plant where it was built, thereby cashing in on the personal luxo-coupe craze. The perimeter frame shares its 117.2-inch wheelbase with the four-door 'Bird, but the body is six inches longer. The passenger compartment rides farther aft on the chassis, making room for the regal six-foot prow that provides such a strong visual link with the proportions of the Mark II and the original Continental. Working with a conventional 460-cubic-inch V-8 and rear-drive architecture afforded Lincoln more time and resources to devote to refining its flagship. Extensive chassis reinforcements, rubber isolation of all engine and suspension mounting points, and 150 pounds of sound-deadening materials made the Mark III one of the quietest and smoothest riding cars available when it launched in April 1968.
Now Cadillac and Lincoln each had new flagships, both of which decisively overshadowed the lesser-marque pretenders. In July 1970, Motor Trend arranged a meeting of the Cars That Would Be King. 'If you've got the American Dream, if your goal is to move all the way up from your Biscayne station wagon, then the Lincoln Continental Mark III and the Cadillac Eldorado are the end of Status Street. Top of the Heap. King of the Hill. But which one?' Hence was born a six-year serial road test. That first comparison consisted of just four columns of type on three pages, little of which was devoted to deep analysis of the cars' acceleration, braking, and handling, save for a few zingers like this: 'Now any clown who wants to take one of these cars to a road course and see what kind of violent under or oversteer he can force out of these immense, overly dampened, mushily sprung dinosaurs must be a little ding-a-ling.' That said, the Eldorado's variable-ratio steering proved more responsive, while each car's front-disc/rear-drum brakes performed equally well, with lots of fade. (Rudimentary rear-anti-lock systems on both cars were panned by many reviewers as ineffective.) In an unimaginable drag race, the 500-cubic-inch 1970 Eldorado edged the Mark III out by 0.4 second to 60 mph. (Eldo pink-slip racers note: Our testers brake-torqued a launch in second gear to prevent hellacious wheelspin.)
Our comparison dwelled more on the luxury aspects of the two cars, finding the Eldorado's seats to be roomier but more fatiguing on long hauls, its gauges and switches easier to read and use, but less opulent looking, and its ride crisper and less luxurious. We crowned the Mark III King of the Hill owing to its superior plushness and luxury.
That original comparison test generated bags of impassioned reader comment, so when Cadillac reskinned the Eldo for 1971, we reprised our King of the Hill comparo. The new styling didn't strike us as an improvement, and in most critical measures the cars shook out similarly. The fit, finish, and build quality of the Lincoln outshone the Cadillac's, and 'the Mark III still comes off like the family that has lived gracefully for years with its money, while the Eldo feels like 'nouveau riche,' trying so hard to tell the world it's wealthy.' Long live King Lincoln!
Not. For 1972, the Mark III was replaced by the larger, even cushier Mark IV, and we devised an elaborate tech-heavy four-part analysis. Part one involved a week of in-town driving and an 800-mile road trip, during which the Eldorado offered laudable straight-line stability in contrast with the Mark IV's squirmy yaw on the freeway. Less fatiguing seats cinched the Eldo's lead in this segment. Next we examined resale value (advantage Lincoln), repair records (tie), interior space (Eldo best in front, Mark best in back) and noise levels (tie), and called the round a draw. Part III involved instrumented performance testing, which the Eldorado won decisively. Part IV was a staff straw-poll on styling, which the Lincoln swept almost unanimously. But having won two of the four categories, the Cadillac succeeded in seizing the King's crown from Lincoln.
Both cars were largely carried over in 1973 so we devoted the pages to a State-of-the-Luxury-Car-Union address, noting that while the strong-performing Cadillac retained its crown, the posh and stylish Lincoln was winning the sales war. Maybe we were losing interest, but our 1974 installment in the drama was so mired in a painful knights-of-the-round-table thematic device that details are difficult to mine, but while the Eldorado got better gas mileage, the Mark IV was now faster, and it still rode smoother, and so it won back the crown. Our final installment was renamed 'The King's Ransom Road Test' and was expanded to include a Chrysler Imperial coupe. The story also included a parallel test of the top sedans from BMW, Jaguar, and Mercedes-Benz. On the domestic side, the Mark IV was deemed quietest, the Eldorado the quickest, and the Imperial the best in handling and braking. The official winner? 'None of the above.' Our editors had caught a whiff of the svelte new Euro-firm Cadillac Seville, and, even though it wasn't tested, we predicted it would be the new King of Both Hills.
How have the original contenders for the crown stood the test of time? To answer the question, Sandy Edelstein and Scott King bought one of each, both built with the rare vinyl-top delete options, and let us take them for a spin. The cars are in exceptional condition, and each has a unique character. The Cadillac's sharp-edged design is by far the most interesting to new-millennium eyes, while the Continental Mark III—especially in steel-topped guise—harks faithfully to the fabulous Mark II. Both cars accelerate effortlessly, with little audible report from the engine room. Neither offers even a modicum of steering feel or feedback, but the Cadillac responds to its helm more quickly and directly, and its brakes seem less vague and remote. The Eldorado's suspension filters out less of the road's rumbles and bumps, leaving a slightly crusty ride quality. By contrast, the Lincoln approximates a wheeled isolation tank as closely as any 1969 car ever did. It wafts over road imperfections without squeaking or rattling, though this may say more about its low mileage (34,000 to the Eldo's 86,000) than about its original assembly quality. The view down each car's immense hood certainly puts one in an imperial frame of mind. The Cadillac's bow is dominated by a coffin-shaped central bulge; the Mark's is bordered by chrome-topped fences. The Eldorado's minimalist interior furnishings, though dressed up with real wood accents, can't compare with the Lincoln's classy neo-Duesenberg cabin.
After a day spent swapping back and forth between the cars, the descent from the high desert above Palm Springs in the Mark III with the A/C cranked and Old Blue-Eyes crooning through the ($245.30) StereoSonic AM/8-Track five-speaker Hi-Fi validated our original decision, so we hereby re-crown the Lincoln Continental Mark III, King of the (1969-1970) Hill.
Would the edgy Eldorado have been crowned king with a V-12 or V-16 snuggled under that mile-long hood? Sure seems likely, and it almost happened. One idea was to marry two small-block V-8s to form a 530-cube V-16. This concept received little development, but GM engineering staff progressed through several generations of development and durability testing of a 500-cubic-inch 90-degree SOHC 24-valve V-12 with 30-degree offset crankshaft pins. Few details have ever been released about this so-called 'V-future' engine that was intended to proliferate throughout the Cadillac range, starting with the Eldorado. Early versions of the aluminum-block engine had iron cylinder liners, but later iterations employed an innovative die-casting of high-silicon aluminum intended to run without sleeves. On second thought, maybe it's just as well that this technology was tested on the Vega. 1969 Lincoln Continental Mark III: The IV-Door
The Mark III was a runaway sales success, outselling the original Continental and Mark II combined before the end of 1968 and besting Eldorado sales by 20 percent. Might Lincoln have moved even more metal with a four-door? Maybe. An early prototype of a reskinned Thunderbird was shot down, but another true Mark III four-door is rumored to have been built, possibly for Henry Ford II. Little is known about that car, but word of its existence may have leaked out to Martin-Marietta boss Grover Hermann—he contacted Ford to request a four-door Mark of his own. Ford farmed the work out to Lehmann-Peterson and Moloney Coachworks, who charged $13,325 to stretch the body and frame 7.3 inches and custom-fit suicide doors, adding over 700 pounds. Current owner Phil G.D. Schaefer reports that the body remains as tight and quiet as a coupe's. Ask the Guys who Own Them
Mortgage broker Sandy Edelstein and automotive product specialist Scott King collect coupes large (1958 Caddy) and small (Honda N600), none of which has a vinyl top.
Why we like them: 'We both grew up around Cadillacs, and the cutting edge style of the first-gen front-drive Eldorado really imprinted on us. The Lincoln was irresistibly gorgeous, and with the ultra-rare steel top it seemed the perfect match for our Eldorado.'
Why they're collectible: Each was the flagship, not only of its marque, but of its parent corporation. The Eldorado pushed the technological and styling envelopes, the Continental Mark III aimed to reprise the opulence and build quality of the 1956-1957 Mark II.
Restoring/Maintaining: Production volumes were relatively high, and most parts are readily available from multiple sources.
Beware: Rust attacks the rockers, trunk floor, and around the bottom of vinyl tops; check for filler in cars that have been repainted.
Expect to pay: (Eldorado) Concours ready: $15,000; solid driver $7500; tired runner: $2500; (Continental Mark III) Concours ready: $15,750; solid driver $7500; tired runner: $4000
Join the Clubs: Cadillac & LaSalle club (cadillaclasalleclub.org); Lincoln & Continental Owners Club (lcoc.org) Our Take
Then: So who is the King of the Hill? As long as there are Eldorado and Mark III owners around, cigar sales will continue to go up and no one will ever agree. The Eldorado has a lot of seemingly more advanced technical conveniences, but from a strictly plush, posh, luxury standpoint, the Mark III has the intimacy a car like this should offer.—Bill Sanders, MotorTrend , July 1970
Now: The Lincoln Continental and Cadillac Eldorado were built in a golden age before emissions and safety regs strangled engines and ham-strung car designers, yet after air-conditioning and disc brakes were popularized. So in many ways, no future car can hope to ever achieve the style and panache of these Kings of the Hill.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

1 Ultra-Safe Dividend King Stock to Double Up On in June
1 Ultra-Safe Dividend King Stock to Double Up On in June

Yahoo

time17 minutes ago

  • Yahoo

1 Ultra-Safe Dividend King Stock to Double Up On in June

Illinois Tool Works benefits from diversification and pricing power. The company is effectively managing tariffs and macro challenges. Illinois Tool Works has an impeccable track record of supporting dividend growth. 10 stocks we like better than Illinois Tool Works › Illinois Tool Works (NYSE: ITW) -- often referred to simply as ITW -- is an industrial conglomerate and Dividend King that has boosted its payout for 61 consecutive years. However, ITW's stock price and earnings have stagnated as the company faces a challenging operating environment. Despite these conditions, ITW continues to chart a path toward long-term growth and set clear shareholder expectations. Here's why ITW stands out as a top Dividend King to buy in June. A good management team will set clear standards that investors can use to determine if the company is executing on its goals. A blend of short-term, medium-term, and long-term targets can help build an investment thesis and determine if those targets are good enough to buy and hold a stock. ITW is an excellent example of a company that set ambitious goals, achieved them, and rewarded its shareholders over an extended time period. From 2012 to 2023, ITW deployed its Enterprise Strategy, which boosted its operating margin by over 9 percentage points, more than tripled its earnings per share (EPS) and market cap, and increased its dividend by 3.7 times. From 2024 to 2030, ITW is focusing on organic growth, led by its Customer-Back Innovation process. The process involves acting on customer ideas and responding to customer needs rather than coming up with ideas and hoping they stick. The idea is to leverage ITW's existing brands and take those brands to the next level through product development and global sales rather than overly relying on mergers and acquisitions. The strategy aligns with ITW's structure. Although ITW is a conglomerate with dozens of brands and seven key segments -- automotive original equipment manufacturing, construction products, food equipment, polymers and fluids, specialty products, test and measurement and electronics, and welding -- it gives a lot of flexibility to each segment. This autonomy allows each segment to adapt to changing demand trends, pricing, and economic conditions. By 2030, ITW expects its operating margin to reach 30% and achieve average annual EPS growth of 9% to 10%, which will support a 7% annual increase in its dividend. It also plans to convert 100% of net income into free cash flow, which will support a growing dividend, buybacks, and organic investments. It's a bold strategy, but ITW's results showed that it was possible as the company steadily grew its operating margin. But the recent quarter saw a decline in operating margins and sales. In the first quarter of 2025, revenue fell 3.4%, organic growth was down 1.6%, and operating margin was just 24.8% compared to 25.4% in the first quarter of 2024 (after accounting for a one-time inventory accounting change). Generally accepted accounting principles (GAAP) EPS in the quarter was down a mere 2.5% after factoring in the accounting change. Overall, the quarter wasn't bad given customer uncertainty amid tariff pressures. And better yet, ITW maintained its full-year 2025 guidance for $10.15 to $10.55 in GAAP EPS and organic growth of 1% to 3%. ITW has hit a speed bump on the road toward its 2030 goals, but that doesn't mean the stock isn't a good buy now. One of the most compelling reasons to own ITW is the company's steady dividend growth and dividend affordability. As you can see in the chart, ITW has steadily grown its EPS and FCF per share -- which has supported a growing dividend and considerable buybacks that have drastically reduced ITW's share count -- thereby accelerating EPS growth. In addition to being a reliable dividend stock, ITW is also a good value. Based on the midpoint of ITW's 2025 guidance -- $10.35 in EPS -- and the stock price at the time of this writing of around $245 per share, the company would have a price-to-earnings ratio of 23.7, which isn't dirt cheap, but it is reasonable for a high-quality business that is extremely well run. ITW checks all the boxes of a safe stock to double up on in June. There was more tariff uncertainty when ITW reported its first-quarter earnings in late April. And yet, the company's earnings didn't take too much of a hit, and it reaffirmed full-year guidance -- showcasing ITW's confidence in its ability to navigate tariffs. ITW generates plenty of earnings and cash flow to cover its dividend payment and still has plenty of dry powder left over to buy back stock. ITW's valuation is reasonable, and its 2.5% yield is solid. ITW is the kind of business investors can build a passive income portfolio around, making it a good buy now. Before you buy stock in Illinois Tool Works, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Illinois Tool Works wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Daniel Foelber has no position in any of the stocks mentioned. The Motley Fool recommends Illinois Tool Works. The Motley Fool has a disclosure policy. 1 Ultra-Safe Dividend King Stock to Double Up On in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'
Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

Yahoo

time17 minutes ago

  • Yahoo

Why One Analyst Thinks Tesla Could Dominate the 'Low-Altitude Economy'

"Look up, your ride has arrived," is a message some see as eventually landing in your inbox. 'In our view, the low altitude economy (LAE) may eventually vastly exceed the size of today's automotive market,' wrote Morgan Stanley analyst Adam Jonas in a research note earlier this week. That term refers to aerial commercial activities conducted within one mile of the earth's surface, airspace now sparsely occupied by helicopters and small drones. Analysts expect advancements in artificial intelligence and robotics to support the launch of new aircraft—notably, electric vertical take-off and landing (eVTOL) vehicles—with applications in areas like logistics/distribution, public security and emergency services, tourism, urban commuting, and intercity transportation. Morgan Stanley forecasts the total addressable 'Urban Air Mobility' (UAM) market will be valued at $1 trillion by 2040 and $9 trillion by 2050. Not everybody's expectations are quite that high: Bank of America recently estimated a market worth $23 billion by 2035. BofA expects adoption to remain relatively slow until at least that year, when it anticipates economies of scale and battery technologies to improve eVTOL cost and accessibility. Whatever the size of the pie, the companies vying for a slice of it include upstarts like Archer Aviation (ACHR), which is currently testing an eVTOL model and partnering with defense contractor Anduril to develop military applications, and Joby Aviation (JOBY), which is in the process of getting its air taxi certified for passenger rides. Morgan Stanley's Jonas thinks those companies could face formidable competition from Tesla (TSLA). The EV maker hasn't announced any intention to develop eVTOLs, but CEO Elon Musk has discussed the need for a homegrown low-altitude economy in the U.S. When Jonas, on Tesla's most recent earnings call, asked Musk for his thoughts on the U.S. and China's AI and robotics rivalry, Musk expressed concern about America's limited drone manufacturing capabilities. 'Any country that cannot manufacture its own drones is doomed to be the vassal state of any country that can,' he said, quoting X user "@naval." 'And we can't. America cannot currently manufacture its own drones.' Tesla, Jonas says, 'has a host of relevant skills to be a factor' in the commercial and military LAE, including its work in manufacturing, autonomy, electric motors and batteries, and robotics. Jonas estimates Tesla's share of a future $9 trillion UAM market could add between $100 and $1,000 to its share price. Tesla's work on autonomous vehicles could give it a leg up on LAE competitors. "Any advancement in the science of autonomous cars accelerates the advancement of autonomous aerial drones," Jonas wrote. Tesla is expected to launch its first robotaxi operation in Austin, Texas, later this month. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat
Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat

Yahoo

time17 minutes ago

  • Yahoo

Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat

Tesla is expected to launch its autonomous ride hailing service later this month, perhaps as soon as this week. The company has yet to confirm or deny a report from Bloomberg that it is targeting a June 12 launch for the robotaxi. The EV maker's stock could use a lift after a week marked by a spat between CEO Elon Musk and President (TSLA) is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of a lift after a week marked by political strife between CEO Elon Musk and President Trump. The stock rebounded nearly 4% to close just above $295 Friday, after tumbling 14% on Thursday. They've lost roughly one-quarter of their value since the start of the year. Tesla bulls believe a robotaxi program could drive substantial upside in the company's stock. Bloomberg last month reported that Tesla was targeting a June 12 launch, citing a person familiar with the matter, adding that the date could change. The company has not confirmed that date, and Tesla did not respond to Investopedia's request for comment in time for publication. Musk said in last month's earnings call and a May 20 interview with CNBC that the company was still on track to launch the program by the end of the month. The start of the program, Musk told CNBC, will likely be about 10 Model Y vehicles operating autonomously, with the company later expanding to more vehicles and cities. Tesla owners will eventually be able to add their vehicle to the available fleet of Teslas to rent for a ride, Musk has said, which could help Tesla scale the project before the Cybercab goes into production next year. Oppenheimer analysts recently wrote that the company's ability to get its software to drive fully autonomously with its current suite of cameras could be "key to its technology leadership and stock performance," but added they believe it might take at least one or two more hardware and software updates before Tesla can deliver reliable autonomous performance. More bullish analysts, like Wedbush's Dan Ives, have said they think successful autonomous driving software will be the start of technology that will eventually add $1 trillion in value to the company. Overall, analysts are somewhat divided on Tesla's stock, with 10 of the brokers tracked by Visible Alpha giving the stock a "buy" rating, with four "hold" and four "sell" ratings. Their average price target is about $304, slightly above Friday's closing level, but their price targets range from as low as $120 to as high as $500. Read the original article on Investopedia

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store