The following description is from https://en.wikipedia.org/wiki/Chevrolet_Corvair#Second_generation_(1965–1969)
The 1966 lineup remained essentially unchanged from 1965. One change of note was a new four-speed synchromesh transmission using the standard Saginaw gear set with 3.11:1 first gear ratio used by other GM 6-cylinder vehicles. The steering column was changed to a two-piece design with universal joint, lessening the danger of intrusion during a front-end collision (actually a mid-1965 running change). A plastic air dam was installed below the front valence panel to conceal the front suspension and underbody, and lessen crosswind sensitivity. In front, The "lock door" emblem (covering the lockset for the trunk lock) was changed from red to blue and featured a shorter bar. Air conditioned cars received a new condenser that was mounted in front of the engine, eliminating previous efficient but huge, awkward condenser that was mounted atop the engine, requiring its removal out of the way for most under hood servicing. The Corvair script nameplate was moved from atop the trunk lid to a position next to the driver's side headlight bezel. Sales began a decline as a result of Nader's book and the new Mustang that offered V8s up to 271 hp (202 kW; 275 PS) compared to Corvair's 180 hp (134 kW; 182 PS) top powertrain. and rumors of the upcoming "Panther'-the code name for the forthcoming Camaro, slated as a direct competitor for the Mustang. A decision was made to discontinue further development of the Corvair. Production for the model year was down to 103,743.
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