The iconic Ford Mustang muscle car will return to Australia after almost 50 years. It will replace the Falcon as Ford's performance hero in 2016, the same year the Falcon is axed.
Ford's global vice president of sales and marketing, Jim Farley, will fly to Australia to personally deliver the good news on August 13.
The normally secretive Ford is taking the unusual step of making the announcement early because it is trying to reassure Australians it will continue to sell cars here even though it will close its manufacturing operations after 90 years.
Some countries will get a four-cylinder version of the new Mustang but Ford Australia is understood to only be taking the V8 performance models.
the new Mustang is expected to have a starting price close to $50,000
Because right-hand-drive versions of the Mustang are expected to account for less than 10 per cent of global sales Ford Detroit is keen to sell it in as many countries as possible to recover the extra engineering costs involved in making a right-hand-drive model.