To further leverage Mustang cachet, the muscle auto is the inspiration for Ford's first all-electric performance vehicle which is in fact a utility vehicle with Mustang styling coming in 2020.
The teased image shows the gaping maw of the new Shelby, flanked by massive air intakes and what looks like a pair of bulging fenders, likely to fit a set of wider tires. All of this will start in 2020 and within two years of that target, there will also be six-battery powered electric vehicles available in showrooms. Porsche also has chosen a wagon-utility vehicle body style for its first production pure EV, the Mission E Cross Turismo.
"By 2021, we expect to surpass Toyota to be No. 1" in hybrids, Jim Farley, Ford's president of global markets and a former Toyota executive, said during a briefing at the automaker's cavernous design dome. Along with the previously-announced all-electric model and Bronco - shown on Thursday wearing a dirt-colored sheet that revealed its boxy, possibly two-door profile, but little more - it's also adding a smaller, curvaceous SUV that it says will be true off-roader. The new F-150 will also arrive with a new hybrid option.
The Co-Pilot360 technology will debut with the introduction of the 2019 Ford Edge and Edge ST this fall. Plus, there is another SUV in the works by 2020 and then four more planned after that, said Hinrichs. Each such auto newly announced in North America will get "a companion hybrid" too, whether regular, plug-in, or both.
The peek behind the curtain-not all details can be shared yet-comes as investors and critics have described Ford as falling behind the competition in everything from products to technology to overall management.
"Our passion for great vehicles is stronger than ever", Ford CEO Jim Hackett said in a statement.
Joe Hinrichs, president-global operations, says the coming product onslaught is made possible by creating a highly efficient product-development operation that shaves time from sketch to showroom by 20%, while trimming $4 billion in engineering costs over the next five years. Common modules will account for 70 percent of a vehicle.
"We're going to run the company better", Hackett said.
Meanwhile, the Mustang will have performance to match the 5.0L V8 version but with more low-down torque, according to Ford. Co-Pilot360 will be on an updated Fusion.