A Galloping Stallion

For the first time in a generation, Ford's Mustang is worthy of its name

It's 1 A.M. outside a Brooklyn bar, and a bunch of guys are standing around admiring the new Mustang GT. "The old one lost its buzz," says a kid circling the car, asking about its engine (eight cylinders), power (300 h.p.) and torque (315 lb.-ft.). The Mustang is an American icon, with more movie cameos, hot-rod clubs and fanzines than any other vehicle. Ford has sold more than 8 million since the car's debut in 1964. In this scene, though, nobody cared about that stuff. "Steve who?" asks a guy who never heard of McQueen or the green fastback in which...

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