At the 2004 North American International Auto Show, Ford introduced a completely redesigned Mustang (code named “S-197) on a brand D2C platform for the 2005 model year. Exterior styling was designed by Sid Ramnarace, inspired the 1960 Mustangs. The car contained an aesthetic that Senior Vice President of Design J Mays referred to as “retro-futurism.” See S-197 fastback profile, and the status of muscle car (weight / power ratio of about 11:1) complete the retro style . S-197 Mustangs are manufactured at Auto Alliance International plant in Flat Rock, Michigan.

The base model was powered by a V6 engine delivers 210 hp. GT was powered by a 4.6-liter V8 delivers 300 hp. V6 comes with a manual transmission standard Tremec T-5 and the GT model comes with a more rugged Tremec 3650 gearbox. Both V6 and V8 models and come with optional 5-speed automatic transmission 5R55S. The front suspension has been revised to improve the management response, while the rear suspension has added a system of three linked to control the vertical and horizontal movement of the tree. Mustang Convertible has arrived at Ford dealerships in the spring of 2005, available with the 4.6 V8 or 4.0 V6. Ford engineers designed the convertible from the ground up to provide reasonable structural strength without extra weight. Furthermore, a high z times giving it a finished appearance with the plane. The sixth-generation Mustang will be released in 2010 and together the first Mustang Sedan goes on sale.