The final automobile standing in Ford Motor Co.’s U.S. portfolio will stick round via no less than the subsequent decade.
The automaker plans to stretch the next-generation Mustang program to eight years, up from a beforehand deliberate six, suppliers have been instructed.
Production of the next-generation Mustang will start in late 2022 for the 2023 mannequin yr, based on folks conversant in Ford’s product plans.
The expectation for an eight-year program mirrors the life cycle of the present mannequin, which went on sale in 2014.
It’s not unusual for automakers to shift product timelines within the years main as much as the launch of a brand new or redesigned mannequin. Extending the seventh-generation Mustang’s life cycle might assist Ford save on engineering and growth prices for a comparatively low-volume nameplate as shoppers more and more go for utilities or pickups.
The extension additionally indicators Ford’s confidence within the storied nameplate at the same time as rumors swirl that one in every of its opponents, the Chevrolet Camaro, may very well be discontinued.
The next-generation Mustang is predicted to be moved to the identical rear-wheel-drive/all-wheel-drive platform shared by the Ford Explorer and Lincoln Aviator, which might imply a barely bigger silhouette.
Suppliers have been instructed that annual manufacturing quantity for the next-gen pony automobile will tally slightly below 100,000 automobiles a yr: Coupe volumes are projected at 77,000, and as much as a further 20,000 convertibles are deliberate, suppliers say.
The car is scheduled for a freshening in 2025, suppliers have been instructed.
A Ford spokesman declined to touch upon future product.
U.S. gross sales of the Mustang fell 12 percent to 33,786 within the first half of the yr, impacted by the coronavirus pandemic. Still, the sixth-generation car has paced the horse automobile section annually since it has been on sale.
Ford has added plenty of Mustang variants all through its life cycle to maintain the car contemporary, together with the Bullitt, Shelby GT500 and upcoming Mach 1.
The automaker lately has ended all sedan manufacturing in North America as executives give attention to nameplates that may generate pleasure — and income.