The 2015 Ford Mustang GT

Undoubtedly one of the most exciting car debuts of this year, Ford has finally taken the covers off its redesigned, sixth-generation Mustang. The redesigned Mustang has also been revealed in convertible form.

Underhood, the Mustang's 3.7-liter V6 and 5.0-liter V8 engines remain mostly carried over - albeit with the addition of more power (official figures to come). The big news is the return of the turbocharged Mustang - in this case, the engine is a 2.3-liter EcoBoost unit shared with the Lincoln MKC. An estimated 305 horsepower and 300 lb-ft. of torque (the latter of which comes at just 2,500 rpm) should give the smallest engine its own performance feel. Like in Ford's F-Series pickups, the turbo engine is actually an extra cost upgrade even though it's the smallest displacement on offer. 

As far as the other engines, Ford says to expect at least 300 horsepower and 270 lb-ft. of torque from the 3.7-liter V6 and 420 horsepower and 390 lb-ft. of torque from the 5.0-liter unit

Fuel economy numbers should be announced closer to the Mustang's on-sale date, but improvements across the range are expected. Ford is promising "segment-leading" mpg for the 2.3-liter. 

All models will include standard launch control, a feature that was previously exclusive to the GT500. 

Six-speed Getrag manual and six-speed automatic (with new paddle shifter) transmissions will be available. The automatic is a conventional unit, not the long-rumored dual-clutch.