Ford Australia has announced pricing, specification and range details for the new Ford Mustang, due to arrive later this year.

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The range will commence with the $44,990 (plus on-road costs) Ford Mustang Fastback. Powered by a 2.3-litre turbocharged four-cylinder engine producing 233kW/432Nm, it is backed by a Getrag six-speed manual transmission. A six-speed automatic gearbox is available for an additional $2500. Topping the EcoBoost-powered Ford Mustang range is the Convertible. Auto-only, it is priced at $53,990.

Opting for the 303kW/525Nm V8 means you’ll be parting with $54,990 for the manual GT fastback. Adding the auto again increases the outlay by $2500, and the open-air variant has a recommended price of $63,990, again auto-only.

The 2.3-litre EcoBoost engine benefits from a twin-scroll turbocharger designed to work with the model all-aluminium construction, direct fuel injection, dual overhead camshafts and 16 variably-timed valves. Both manual and auto variants will have a limited-slip differential driving the rear wheels, which are 19-inch diameter all round. Tyres are matched on the EcoBoost, measuring 255/40/19 at each corner.

Suspension is all-independent with Macpherson struts up-front and an ‘integral link’ rear set-up, while braking is taken care of via strong 352 x 32mm vented front discs with four-piston fixed aluminium calipers. The rears measure 330 x 25mm and are also vented, though make do with single-pot iron calipers. Its electrically-assisted power steering offers a ratio of 16:1.

Stepping up to the 5.0-litre V8 brings a stout 303kW/525Nm all-aluminium donk with double overhead cams and four valves per cylinder, again with variable timing.

Braking is further enhanced with 380 x 34mm vented front discs clamped by six-piston Brembo aluminium calipers.

The V8s gain wider rear wheels, at 9.5in rather than 9, with wider 275/40/19 rubber. Fronts remain 19 x 9in with 255/40/19 tyres.

Ford Mustang is well specified for the price with an 8in infotainment screen, sat-nav, dual-zone climate control, rain sensing wipers, auto headlights, remote keyless entry and six-way powered driver’s seat. Options include stripes, a black-painted roof, ‘premium’ 19-inch wheels and prestige paint, though the popular performance pack is noticeably absent at this stage.

Ford Australia currently has 1200 orders on the books for the Mustang range. Expect that number to swell with such competitive pricing, though whether it will cut into sales of the last-hurrah Falcon XR8 remains to be seen.

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