Ford unveils new gas-powered Mustang, while muscle car rivals go electric

DETROIT — Ford Motor has always considered the Mustang to be in a league of its own. That may soon prove true, with the seventh generation of the famed American pony car.

The Detroit automaker on Wednesday unveiled the redesigned 2024 Mustang hardtop and convertible with two gas-powered engines. Meanwhile, the Dodge Challenger and Chevrolet Camaro — the car’s largest rivals — are expected to go electric in the coming years.

related investing news

We see strong orders for Apple’s new iPhone 14 Pros cutting both ways

Ford officials say redesigning the iconic car without any type of electrification is part of its “Mustang family” strategy that includes the all-electric Mustang Mach-E crossover that went on sale in late 2020.

“We know customers do want that internal combustion and some of them want the electric and we offer both in that Mustang family,” said Jim Owens, head of Mustang marketing, during a media briefing.

A planned hybrid variant was scrapped, according to a report by Automotive News, likely making the Mustang the last gas-powered muscle car from the Detroit automakers — a narrowing of the segment that seemed far-fetched even a few years ago.

Dodge this summer announced its four-door Charger and two-door Challenger muscle cars would drive into the sunset at the end of next year, to be replaced by a new all-electric vehicle. Chevrolet is expected to end production of the gas-powered Chevy Camaro in the coming years as part of General Motors’ plans to exclusively offer EVs by 2035.

That means gearheads who still thirst for the roar of a V-8 engine in a sporty American coupe will have just one option: the Mustang, which has dominated in sales over the Camaro and Challenger with the current, sixth-generation car.

Sales of Detroit sports and muscle cars have been declining for years. Mainstream two-door sports coupes such as the Ford Mustang, Dodge Challenger and Chevrolet Camaro fell 32% from 2015 to 2019 — the last year of sales before automakers were stymied by ongoing global supply chain problems, including a shortage of semiconductor chips.

“Some of our competitors are talking about not being in internal combustion engine sports car business, and what we are so proud of here today is that we are already expanding that family,” Owens said.

Owens and other Ford officials declined to comment on whether the seventh-generation Mustang would be the last to feature a traditional internal combustion engine.

The 2024 Mustang, which will be produced at a plant in metropolitan Detroit, will go on sale in the U.S. next summer. Ford did not announce pricing for the vehicle, but the current generation starts at $27,470.

The exterior of the 2024 Mustang should look familiar to fans of the car. It’s an evolutionary change from the sixth-generation edition, but with characteristics that are a bit more muscular.

“We’re adding a modern edginess to heritage-inspired design,” said Chris Walter, Ford Mustang design manager.

The front and rear of the vehicle are redesigned, but the silhouette and overall dimensions of the car are similar to the current-generation Mustang, which was last redesigned for the 2015 model year.

Both the four-cylinder and V-8 engines are updated from the current Mustang. Ford did not release performance specifications, but they’ll likely be better than today’s vehicles. The V-8 GT models will be offered in both manual and automatic transmissions.

The current 2.3-liter, turbocharged four-cylinder engine delivers 310 horsepower and 350 pounds-foot of torque, while the Mustang GT’s 5.0-liter V-8 produces 450 horsepower and 420 pounds-foot of torque. The top speed ranges from 121 mph to 180 mph, depending on the model.

The most obvious changes to the seventh-generation Mustang are on the interior of the vehicle: most notably, a 13.2-inch center touchscreen and an accompanying 12.4-inch driver information cluster. The screens can be customized by owners.

Two other new additions include an available “Electronic Drift Brake” for easier drifting and a “Remote Rev” feature with the ability for owners to rev the car’s engine remotely using a key fob.