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The 2005-2009 base Mustang is powered by Ford's cast iron block 4.0 L Cologne SOHC V6, replacing the 3.8 L Essex OHV V6 used in 2004 and older models. It produces 210 hp (157 kW) at 5300 rpm and 240 lb·ft (325 N·m) of torque at 3500 rpm and is mated to a standard Tremec T-5 5-speed manual transmission with Ford's 5R55S 5-speed automatic transmission available as an option. A 3.31:1 final drive ratio is standard with either transmission. Though criticized for a lack of refinement, the standard V6 powertrain is capable of delivering competitive performance. In a comparison test with a Pontiac G6 Convertible conducted by Motor Trendmagazine, a Mustang V6 Convertible equipped with an automatic transmission was able to accelerate from zero to 60 miles per hour (97 km/h) in 7.3 seconds; 1.4 seconds better than its competitor.[4]

All models of the current Mustang make use of an independent MacPherson-strut front suspension with reverse "L" lower control arms. The rear suspension utilizes a new three-link system with a Panhard Rod which controls the vertical and lateral movements of the axle.[5] This live axle rear suspension provides the benefits of reduced cost and weight over heavier, more expensive independent rear suspensions. In spite of this, Ford has drawn heavy criticism from the automotive journalism community for the decision to equip the current Mustang with the live axle system. At a press conference, Ford stated that to include an independent rear suspension would have added $5,000 to the showroom price of the car.

Some of the standard features that the 2005 Mustang launched with include power windows, dual power mirrors, power door locks with remote keyless entry, front air bags, AM/FM stereo with CD player, 16-inch painted aluminum wheels, and larger brake discs than the previous generation Mustang with twin-piston calipers in the front. Some of the options available included Ford's MyColor (a color-configurable instrument cluster available as part of the Interior Upgrade Package), brushed aluminum panels (also part of the Interior Upgrade Package), Ford's Shaker 500 (500 watt peak output) or Shaker 1000 (1000 watt peak output) premium audio system with a 6-disc MP3-compatible CD changer, leather seating surfaces, a six-way power adjustable driver seat, and a four-channel anti-lock brake system with traction control (standard on GT models).[6]

As of 2008, all Mustangs have seats containing material derived from soy beans,[7] harking back to some of Henry Ford's ideals.

Ford Sync was available on the 2009 model only as a dealer-installed kit.

Several new options and standard features were introduced in the following years, including the Pony Package (2006; see below), a DVD-based GPS navigation system made by Pioneer (2007, late availability), a power passenger seat (2007), heated seats (2007), Sirius Satellite Radio (2007), standard side airbags (2008), HID headlamps (2008), and ambient interior lighting (2009), in addition to a variety of new wheel styles and exterior paint colors.

For 2009, Ford introduced a new option called the glass roof. This option ($1,995 at introduction) is in effect a full roof sunroof that splits the difference in price and purpose of the coupe and convertible models.[8]

Pony Package2007 Ford Mustang V6 coupe with Pony Package

The Pony Package for the V6 Mustang became available starting in 2006. This option includes an upgraded suspension derived from the Mustang GT, 17-inch wheels with wider tires (originally only available on the GT), a unique grille design with fog lamps, a rear deck spoiler, and unique door striping and emblems.[9]

Mustang GT2005-2009 Ford Mustang GT convertible

The Mustang GT features an award-winning, all-aluminum 4.6 L 3-valve SOHC Modular V8 with variable camshaft timing and a more rugged Tremec TR-3650 transmission. The engine produces 300 hp (224 kW) @ 5750 rpm and 320 lb·ft (433 N·m) of torque @ 4500 rpm. The GT model is capable under some circumstances of performing a quarter-mile test in 13.5 seconds, with acceleration from zero to 60 MPH in 4.9 seconds.[10] The current Mustang GT also comes equipped with a limited slip differential complete with the same carbon-fiber clutch discs used in the 2003 to 2004 SVT Cobra and the 2007 Shelby GT500. The differential is designed for the 31-spline axles and the 8.8 in (223.5 mm) ring gear. The standard final drive ratio of 2005 and 2006 Mustang GTs with a manual transmission is 3.55:1. Since the 2007 model year, a 3.31:1 ratio final drive is standard with the 3.55:1 gearing available as a factory installed option. Automatic transmission-equipped models of all years receive the less aggressive 3.31:1 ratio.

The Mustang GT builds on the base Mustang's standard features. In addition to its higher performance powertrain, the Mustang GT features a stiffer, better handling version of the standard suspension, larger 12.4-inch front brake discs (versus the 11.4-inch discs used on V6 Mustangs), standard four-channel ABS with traction control, a two-piece drive shaft, a stainless steel dual exhaust, standard grille-mounted fog lights, and 17-inch wheels with optional 18-inch wheels.

GT California Special2007 Ford Mustang GT/CS

In 2007, Ford introduced the GT California Special (GT/CS) package, hearkening back to the original 1968 California Special Mustang. The package adds 18" polished aluminum wheels, non-functional side scoops, and unique vinyl striping. The GT/CS also includes a different front fascia and rear valance with diffuser, similar to those found on the Shelby GT. The GT/CS edition's front fascia is 1.5 inches lower to the ground than the standard GT. Interior upgrades include Mustang labeled floor mats, and CS only leather interior color options. The 2007 GT Appearance Package adds a hood scoop, exhaust tips and engine cover.

2008-2009 Bullitt2008 Ford Mustang Bullitt

2008 heralded the return of the Mustang Bullitt, a special edition variant of the Mustang GT, the last version of which was produced in 2001. The 2008 Bullitt is reminiscent of the Dark Highland Green GT-390 fastback Mustang driven by Steve McQueen in the 1968 film of the same name. Designed with subtlety in mind, the 2008 version is only available in Dark Highland Green or Black exterior paint and is stripped of its spoiler and GT fender emblems; the faux gas cap on the deck lid is replaced by a unique Bullitt version. The Mustang GT's standard fog light-equipped grille is replaced with the base V6 style grille sans the famous Mustang running horse logo. The car rides on unique Dark Argent Gray 18-inch cast-aluminum wheels with matching brake calipers and uses larger, 3.5 inch exhaust tips to replace the Mustang GT's standard 2.5 inch tips. The car was not sold with side (quarter) window louvers, as shown in this picture. However, the side louvers are a common addition among owners since it is also similar to the 1968 Mustang fastback.

The Mustang Bullitt is powered by an enhanced version of the Mustang GT's aluminum 4.6 L SOHC V8. Additional power is added through the use of a unique cold air intake, improved engine calibration, and a revised exhaust system specifically designed to mimic the sound of the Mustang used in the Bullitt movie. Total output is 315 hp (235 kW) @ 6000 rpm and 325 lb·ft (440 N·m) of torque @ 4250 rpm and the engine's redline has been raised to 6500 rpm (from the standard Mustang GT's 6250 rpm). Premium grade, 91-octane or better gasoline is recommended for the Bullitt's V8 for top performance but, significantly, an adaptive spark ignition system allows the engine to accept regular grade gasoline without any adverse effects. Total output is the same with either fuel but the engine delivers a flatter torque curve when using premium. The same Tremec TR3650 5-speed manual transmission from the Mustang GT is used in the Mustang Bullitt but the Bullitt features a more aggressive 3.73:1 rear axle ratio (versus the Mustang GT's 3.31:1 or optional 3:55:1 ratios). The Bullitt's suspension is improved over the standard GT utilizing stiffer springs, struts, and a decorative front strut tower brace while also lowering the car's ride height by six millimeters.[11] All of the Mustang Bullitt's unique components are available in the aftermarket for retrofitting earlier S197 Mustang GT vehicles but the parts used in Bullitt Mustangs are marked to show their authenticity.

The 2008 Bullitt arrived at US dealers in February 2008 with a starting MSRP of $31,075

According to the 2009 Mustang catalog, the Bullitt package was available on manual transmission Mustang GT Premium coupes as a regular production option; the same color restrictions apply.

45th Anniversary Edition (2009 GT)2009 Mustang GT 45th Anniversary Badge

2009 Mustang GT 45th Anniversary Edition

Special features of the 2009 Mustang include a new glass top roof option as well as special 45th Anniversary badging to commemorate the 45th anniversary of the Ford Mustang's launch on April 17, 1964. Ford reports state that only 45,000 units will be sold for the model year. Satellite Radio becomes standard on all premium interior models, and Deluxe is no longer used to identify base models. This model has the same engine and functional equipment as a basic GT. The 2009 45th Anniversary edition is badged with a Mustang Colt emblem, with the 45th Anniversary logo. It comes with a hood scoop, rear spoiler, the Ambient Lighting package, and 18" polished aluminum wheels.

Iacocca Silver 45th Anniversary Edition (2009½ GT)Main article: Ford Mustang variants

2009½ Iacocca Mustang

The Iacocca Silver 45th Anniversary Edition is a limited (45 unit) edition commemorating the 45th anniversary of Ford Mustang. It is based on the 2009 Mustang platform, and was designed by Michael Leone and built by California-based Gaffoglio Family Metalcrafters coachbuilding company. Despite the build status, it still carries factory engine and Ford Racing Package warranties. Lee Iacocca was given car 1 of 45. One was sold for $352,000 at auction.[12]

Shelby GT and GT-H2006's Shelby GT-H and later Shelby GT, based on the standard GT model, is modified by Carroll Shelby International to produce 319 hp (238 kW) by means of a Ford Racing air intake, performance tune, and upgraded exhaust system.[13]

The Shelby GT-H, made available for rent only at selected Hertz car rental outlets, traces its roots to the original 1966 Shelby GT350H, famously known as the "Rent-A-Racer". The GT-H appears only in black exterior paint and twin gold racing stripes as a nod to the Hertz company's history. Completing the unique visual treatment is a billet aluminum grille, custom Shelby hood with functional hood pins, and the same front and rear fascia that would be found on the later Shelby GT and GT/CS models. The GT-H is outfitted with a Ford Racing Power Pack which includes a cold air intake, a revised exhaust system and custom performance calibration, boosting power to 319 hp (238 kW) and torque to 330 lb·ft (447 N·m). The GT-H also includes the Ford Racing Handling Pack with lowering springs, improved dampers, sway bars, a strut tower brace and a 3.55:1 ratio rear axle assembly.[14] 500 units of the coupe model were created for the 2006 model year, and a second run of 500 convertible models has been announced for 2008.[15]

Shelby GT500Main article: Shelby Mustang

Shelby GT500

For 2007, Ford's Special Vehicle Team launched the highly anticipated Shelby GT500, successor to the 2003/2004 Mustang SVT Cobra. The GT500 shares many of its basic design characteristics with that of the Mustang V6 and GT. In particular, the GT500 retains the same basic live axle rear suspension setup of the Mustang V6 and GT, though with some minor durability enhancements to handle the car's greater power. Thicker sheetmetal supports and extra welds can be found on the GT500 chassis as well as redesigned strut towers to accommodate a wider engine. A supercharged 5.4 L 32-valve DOHC V8 with an iron block and aluminum heads powers the GT500. The engine is mated to a Tremec TR6060 6-speed manual transmission and is rated to produce 500 hp (373 kW) @ 6000 rpm and 480 lb·ft (650 N·m) of torque @ 4500 rpm. A final drive ratio of 3.31:1 is standard in the GT500. Also standard are 18×9.5 inch wheels with P255/45ZR18 tires in the front and P285/40ZR18 tires in the rear. Stopping power is provided by Brembo 14-inch disc brakes with aluminum four-piston calipers in the front and 11.8-inch disc brakes with two-piston calipers in the rear.[16]

In spite of its high end features and strong performance, the GT500 failed to meet some automotive journalist's expectations[17][18]. Car and Driver magazine, for example, though praising the GT500 for its ample horsepower and relatively smooth ride, criticized their test car for its heavy weight and, in particular, the nose-heavy weight distribution of 57.7% front and 42.3% rear (compared to the 52.5% front, 47.5% rear of a Mustang GT manual they tested).[19] Nevertheless, in spite of their opinion on its drawbacks, Car and Driver drove a GT500 in their 2007 "Lightning Lap" road test and found that the car's on-track performance fell between that of the Audi RS4 and the BMW 335i with a lap time of 3:11.0 at Virginia International Raceway, versus 3:20.9 for the Mustang GT in 2006.[20]

Shelby GT500KR

Building on the high performance foundation of GT500, engineers from Ford SVT and Shelby Automobiles sought to build an even more powerful car: the Shelby GT500KR. Debuting as a 2008 model, the GT500KR, "KR" being an abbreviation for "King of the Road", pays homage to the original 1968 Shelby Mustang of the same name. To back up its name, the GT500KR features a host of new components and performance enhancements over a standard GT500. Under the hood, the GT500KR uses the same supercharged 5.4 L DOHC V8 as the standard GT500, but the KR's engine has been tuned to make 540 hp (403 kW) @ 6250 rpm and 510 lb·ft (691 N·m) of torque @ 4500 rpm, gains of 40 hp and 30 lb·ft of torque, respectively. While the Tremec TR6060 6-speed manual transmission remains the same, the GT500KR also benefits from a more aggressive 3.73:1 final drive ratio. To improve handling and help offset the car's front-heavy weight distribution, the GT500KR features a Ford Racing strut tower brace and uniquely tuned struts, shocks, and springs. Finally, to maximize the GT500KR's performance gains, measures were taken to keep the car's weight in check. Through the use of things like a carbon fiber hood and a revised exhaust system, the overall weight of the GT500KR is actually 22 lbs lighter than a standard GT500.[21] For all of its performance enhancements and exclusivity as a limited production car, the GT500KR launched with a significant MSRP of $79,995.

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