The 1994 Mustang, which ushered in the fourth generation of Mustangs, was dramatically restyled to evoke its pony car heritage. The hatchback style was dropped, leaving the two-door coupe and convertible. The SVT (Special Vehicle Team) Cobra launched with a 240-horsepower 5.0-liter V-8.
1995 was the final model year for the 5.0-liter V-8, which began life as the 260- and later 289-cid engine. The second SVT Cobra R was introduced with a 300-horsepower 5.8-liter V-8 and five-speed manual transmission.
In 1996, Mustang GTs and SVT Mustang Cobras were equipped for the first time with 4.6-liter Dual Overhead Cam (DOHC) V-8, which produced 305 horsepower.
Ford’s Passive Anti-Theft System became standard on all models in 1997.
In 1998, the output of Mustang GT’s 4.6-liter V-8 was increased to 225 horsepower.
A redesigned Mustang debuted in 1999. It sported sharper lines, pronounced wheel arches plus new hood, grille, fascias and lamps. The SVT Mustang Cobra became the first Mustang with independent rear suspension. The 4.6-liter DOHC V-8 produced 320 horsepower.
In 2000, the third Mustang SVT Cobra R was produced in a 300-unit run. It came with a 386-horsepower, 5.4-liter DOHC V-8 mated to Mustang’s first ever six-speed transmission.
Inspired by the 1968 movie, the first Mustang Bullitt GT model was offered. It featured unique side scoops, 17-inch “Bullitt”-styled wheels and lowered and specially-tuned suspension.
In 2002, production ended for two of Mustang’s closest competitors: Chevrolet Camaro and Pontiac Firebird.
The Mach I returned in 2003 with a 305-horsepower V-8 under a signature ram-air “Shaker” hood scoop. The supercharged SVT Mustang Cobra produced 390 horsepower.
In 2004, Ford produced its 300 millionth car – a Mustang GT convertible 40th anniversary edition. The 2004 models were the last cars built at Ford’s fabled Dearborn Assembly Plant, which built Mustangs since the car’s 1964 introduction.
In 2005, production of the all-new Mustang moved to Flat Rock, Mich. Plant. The Mustang’s V-6 engine was increased to 4.0-liters and the V-8 increased to 300 horsepower.
The V-6 “Pony Package” debuted in 2006. GT models got 18-inch wheels, and owners could configure instrument panel lighting in 125 different colors, an industry first, using Ford’s MyColor instrument gauge.
In 2007, Ford introduced a special “Warriors in Pink” Mustang, designed to help raise funds for Susan G. Komen Race for the Cure breast cancer research. The vehicle lineup also included the Mustang Shelby GT and the Shelby GT500KR. The second limited-edition Mustang Bullitt was introduced in November.
The 9 millionth Mustang – a GT convertible – was built in 2008 and sold to an Iowa farmer.
The 2009 Mustang features a glass roof option and special 45th anniversary badging.
The 2010 Mustang was introduced in November at the Los Angeles Auto Show. It cleverly combines modern technology with Mustang heritage and a V-8 with even more horsepower and even throatier signature Mustang exhaust sound. It will be available at Ford dealerships later this spring.