2024 mustang 19
John Mahoney16 Sept 2022
NEWS

New Ford Mustang won’t be the last

Ford CEO makes it clear that new S650 Mustang isn’t a swansong for iconic pony car: ‘No, no way…’

Ford Motor Company CEO Jim Farley had shot down rumours that the latest seventh-generation 2023 Ford Mustang is the end of the road for the combustion-powered sports car.

Speaking to journalists at the unveiling of the S650 Ford Mustang this week, Farley made his intentions clear when asked whether this might be the final chapter for the pony car, which has a 58-year heritage behind it.

“We’re not going there. No, no way, no. The customers will decide,” he said.

2024 mustang heritage

“What a lot of people don’t realise is that 20 per cent of all Mustangs are sold outside the US or [that it is] the number-one sports coupe on the globe, and we’re now going to 140 countries.

“So this is going to give us a big advantage because a lot of people love this kind of car.”

Farley was also unfazed when asked why the new Mustang has no electrification (such as hybrid) when tougher emissions standards are looming, saying that Ford was doing enough with other model lines to keep the Mustang’s traditional powertrains – including its naturally-aspirated V8 – intact.

These include the all-electric Ford Mustang Mach-E SUV.

Ford Mustang Mach-E GT (left) and Mustang Dark Horse

“The good thing is that we are investing in the seventh generation because we have Mustang Mach-E, because we’re number-two in the US for electric, because we’re number-two in the US for hybrid,” he said.

“That gives us the ability to do this.

“Other competitors are buying credits for emissions and they can’t come out with this kind of vehicle. We can. It’s so exciting that, in a way, the Mustang Mach-E allowed this car to happen.”

Faster Mustang in the works

As for whether faster versions of the new pony car will follow, Farley hinted that engineers could be readying a super Mustang that will help it spin off a better race car to compete at the Le Mans 24-Hour endurance race.

“To go to Le Mans you need a road car. You should be asking what that car’s about but I couldn’t tell you,” he said.

“So there’ll be more. What I’m saying is that to compete at Le Mans, we need breakthrough technology to win against Ferrari and Porsche. They are the established players and we are the dark horse.

ford mustang dark horse 12 2owh
ford mustang dark horse 09 xjab
ford mustang dark horse 07 lfk1

“For us to go and win at Le Mans we have to bring something very special.”

Expected to feature an advanced aerodynamic package never seen before on Ford’s muscle car, the top-end Mustang should pump out more power, feature a track-bred suspension and feature what’s thought to be advanced chassis aids.

ford mustang dark horse 14 jve3

Meanwhile, Farley also stressed how important it is for the flagship sports car to feature in the Australian line-up.

“Mustang is really important to Australia,” he said.

“I guess what I’m saying is we really want to be a brand in Australia with opinionated products.”

Join the conversation at 

Or email us at 

Tags

Ford
Mustang
Car News
Coupe
Performance Cars
Written byJohn Mahoney
Our team of independent expert car reviewers and journalists
Love every move.
Buy it. Sell it.Love it.
®
Scan to download the carsales app
    DownloadAppCta
    AppStoreDownloadGooglePlayDownload
    Want more info? Here’s our app landing page App Store and the Apple logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.
    © carsales.com.au Pty Ltd 1999-2025
    In the spirit of reconciliation we acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.