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...Ford Motor Co. is throwing a party in Los Angeles this week, on the eve of the Los Angeles Auto Show, to celebrate the re-birth of its classic Mustang. Though the car will likely reach showrooms in March, 2009, it is already stirring interest among what Ford's representatives excitedly call 'Mustang Nation,' the legion of owners and other devoted fans. "Some of the Mustang web sites are already talking about the [car's] new rear end," says Robert Gelardi, the senior Ford Designer responsible for the car's new look...

Author: /time Magazine | Title: Ford Unveils the 2010 Mustang | 11/19/2008 | See Source »

...Ford is hoping for the kind of new-car buzz that's rarely heard these days, as recession-smitten consumers shun showrooms. "We put in dramatic shape and sculpture," Gelardi boasts, but quickly adds that Ford is "not re-inventing what Mustang is." There's good reason to temper any jarring notions of change - the car has been in production continuously for 45 years and Ford has sold more than 9 million, making it one of the most popular vehicles ever built by Detroit. "We don't need to come up with a space ship and put a horse...

Author: /time Magazine | Title: Ford Unveils the 2010 Mustang | 11/19/2008 | See Source »

...character lines along the side are better integrated, but they also preserve the hockey stick shape that's traditionally been one of the Mustang's distinctive signatures. The interior of the car also has been fully reworked by Ford's design team. "Designing the interior of this car was like redoing your kitchen. You take everything out. You leave the plumbing in the same place and the electrical, but you put back super high-end material," Gelardi says. Jim Hall, managing director of 2953 Analytics in Birmingam, Mich., who has seen the new Mustang up close, thinks the design team...

Author: /time Magazine | Title: Ford Unveils the 2010 Mustang | 11/19/2008 | See Source »

Paul Randle, the chief engineer for the Mustang, says Ford's engineers have also improved both the horsepower and the fuel economy on both the V8 and V6 versions. While the final numbers aren't available yet from the U.S. Environmental Protection Agency, Ford is expecting that the V6 version will get a "best-in-class," 26-miles per gallon. The "Five-Star" crash rating is also unchanged. "You can be riding in a $1.8 million Bugatti and you won't get any better protection," says Randle. The 2010 Mustang will also come with a completely new suspension based...

Author: /time Magazine | Title: Ford Unveils the 2010 Mustang | 11/19/2008 | See Source »

...Ford seriously considered dumping the Mustang during the 1990s until some cooler heads prevailed. The latest Mustang also has gained from the continuity on the team represented by Gelardi and Randle, who have stayed together for years, much like product development teams at the most successful Japanese companies such as Toyota and Honda. Whether Mustang can break through the consumer funk that has devastated new car sales lately remains to be seen...

Author: /time Magazine | Title: Ford Unveils the 2010 Mustang | 11/19/2008 | See Source »

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