As the link above mentions, the Torino name first appeared for 1968 and styling was revised for 1970. It terms the '72 Torinos as "third generation."
The name "Torino" is Italian for the city English speakers would recognize as Turin. It is home to Fiat and Lancia cars and, historically, Cisitalia and Siata. Presumably Ford marketers were thinking of the aura of the sportier brands and not of Fiat 500 Topolinos.
1972 Torinos came in two levels -- a basic Torino and the more upscale Gran Torino. Body types were a station wagon (not shown here), a four-door sedan and two varieties of hardtop coupes. Even though Torinos were considered "intermediate" or "mid-size," they were fairly large. Their styling for that model year was generally attractive.