The Ford Mustang is instantly recognizable as an American icon. The introduction of the latest model coincides with the Mustang's 50th anniversary. Base Mustangs equip a new 3.7l V6 and a 2.3l turbocharged four-cylinder engine is available for the first time in many years. Both engines are more powerful than many of Mustang's historic V8 models. The performance oriented GT model equips an updated version of the legendary 5.0l V8 rated at 420-bhp. All three engines are mated to a six-speed manual or automatic transmission. With sleek styling and powerful, yet fuel-efficient engines, the Mustang is far from being a throwback pony car.