Ford Mustang was first revealed at the 2004 North American International
Auto Show. The entirely new Mustang which Ford ntroduced was
codenamed "S-197" and based on an all-new D2C platform for the
2005 model year. The exterior styling of the fifth generation
Mustang drew heavily on the original Mustangs of the 1960s.
It was this feature which inspired Ford's Senior Vice President
of Design, J Mays, to call it "retro-futurism."
The Mustang GT features a Tremec TR-3650 transmission with an
aluminum 300 hp (224 kW) 4.6 L 3-valve Modular V8 with variable
camshaft timing. All models of the fifth-generation Mustang
retain a out-dated live axle rear suspension, and although this
helps to keep the price down many feel that modern independent
suspension would have greatly improved the handling of the car.
Especially on high-powered models.