NEW YORK MOTOR SHOW: Ford Mustang 50 Year Limited Edition

Ford will build just 1964 versions of its Mustang 50 Year Limited Edition muscle car, paying homage to the original ‘Stang’ that made its debut in, you guessed it, 1964.

Presented to the media overnight at the opening of the 2014 New York motor show by Bill Ford Jr, great grandson of Henry Ford, the special edition vehicle is offered in only two colours, white or blue, in top-spec V8-powered Mustang GT guise.

The rear-drive fastback coupe's 5.0-litre V8 bangs out 313kW/529Nm and the special edition model is "for our most die-hard enthusiasts" said Ford Jr.

The first ‘special’ edition of Ford's all-new Pony car, the 50 Year Limited Edition will not be offered outside of the USA or in right-hand drive, said Ford's chief operating officer, Mark Fields.

Australian fans having to wait more than a year - until at least the second half of 2015 - for regular Mustang models to arrive Down Under, he said.

Australia will be one of the last regions to get the Mustang after its roll out began in the USA, runs through Europe and finally to Asia Pacific countries.

Although the car's US market price was not announced, the Mustang 50 Year Limited Edition is expected to command a premium, thanks to features chrome highlights around the grille, brake lights and windows, which emulate the 1964 original.

Other changes include a Pony logo in the front grille and a (non-functional) replica fuel filler badge on the rear. Louvred rear quarter glass is another "vintage touch harkening back to the 65 fastback," said Ford Jr.

Throw in unique decor and a numbered ID badge unique to each car bearing Bill Ford Jr's signature and the result is a "highly collectable" car, says the Ford executive.

"We hope that those who do collect it, will drive it, because that's what mustang is all about," Ford Jr said.

"This 50 year limited edition tips its hat to the cars and the people who started it all. It embodies all the emotion of the 1964 cars with a modern execution."

Ford Jr also confirmed that supercharged V8 versions of the Mustang are on the way, but didn't say when.

"Sure, any time we can put more technology into the Mustang is great," he told motoring.com.au in New York.

"Another thing we've done which is interesting, is not just a pure V8 horsepower play. We put the EcoBoost four-cylinder in the Mustang," said Ford Jr, confirming that the company will have both ends of the spectrum covered with forced induction engines, from fierce to frugal.

Read the latest news from the New York Motor Show