An abundance of choice was part of the original Mustang recipe and today's Mustang carries on that tradition. Today's Mustang comes with V6 and V8 power, each in coupe and convertible body styles. Each of these four variants is available in Deluxe or Premium trim. For 2001, the Ford has added a value-leader V6 coupe in Standard ($16,805) trim. That makes nine different price points, and we haven't even mentioned the super high-performance Cobra; the Cobra is again offered in coupe and convertible styles, in one trim level.
The Mustang V6 is a 3.8-lliter overhead-valve unit producing 190 horsepower. The 4.6-liter overhead-cam V8 produces 260 horsepower, and Mustangs that have it are called GTs. The Cobra, which competes against the Camaro SS and the Firebird Ram Air, is powered by a 32-valve dual overhead-cam V8 making 320 horsepower.
With most of these variants, you have the further choice of a five-speed manual or four-speed automatic transmission. Exceptions are the premium V6 convertible, which comes with the automatic only; and the Cobras, which require the five-speed.