Ford Mustang News

Industry legend Lee Iacocca, the man who first introduced the world to the Ford Mustang, is now getting his own special edition of the iconic car. But this is far more than a badge and a decal packaged slapped on to a GT model, it’s a fully redesigned pony car by Iacocca himself, with help from designer Michael Leone, the Gaffoglio Family Metalcrafters and Galpin Ford.

Titled the Iacocca Silver 45th Anniversary Edition Ford Mustang, just 45 of the coachbuilt creations will be available through Galpin Ford.

The 2011 Ford Mustang looks like it will get a boost in performance, while at the same time a drop in displacement. According to a report on The Mustang News, Ford is about to replace the aging 4.0-liter V6 with a new 3.7-liter unit. A Mustang with the new 3.7-liter engine was put on display recently at an employee town hall event at Ford’s Dearborn Development Center.

Forget the Fusion and Avenger, the 2010 Ford and Dodge NASCAR racers will be mean street machines and real pony cars. That’s right, the Mustang and Challenger.

Both cars are expected to be closer to stock than any car in recent history, but that’s not saying much.

After the success of Ford’s 2008 Mustang Cobra Jet, the company has announced plans to bring back the factory drag racer using the new 2010 platform.

The new model will use a 425hp supercharged 5.4-liter V8 direct from the Ford Racing Performance Parts catalog. Ford also plans to make another engine available, with an aluminum block and 475hp. A six-speed manual transmission (the same found in the ‘08 model) will be standard equipment, however, there will be an option to upgrade to a 5-speed Liberty manual unit or a race-spec auto-box.

The U.S. Air Force has teamed up with Galpin Auto Sports to create two fighter-jet inspired pieces of American muscle.

Based in Van Nuys, California, Galpin is best known for taking horrible cars and turning them into abominations on MTV’s Pimp My Ride. The group at Galpin also built the KITT Mustang for the widely unsuccessful 2008 Knight Rider series.