Competition James forced Ford to up it's game dramatically for the Mustang! When Chevy reintroduced the Camaro and boosted the base V6 to 300 HP, Ford had to ramp up their base V6 engines to match the Camaro, thus the 3.7 liter V6 cam out with 305 HP. Dodge also felt it necessary to boost it's base V6 engine to the 300 HP range to be competitive with the Mustang and the Camaro.
Ford has wanted a "global" version of the Mustang but could not do so with it's current architecture. The new Mustang will feature a more modernistic style to attract a new generation of Mustang enthusiasts. If you remember before the Mustang was first introduced to the public in 1964, Ford teased the auto magazines and auto enthusiasts who had been hearing rumors about this hot new car from Ford, the Mustang.
As I mentioned earlier, the Mustang will feature some interesting "improvements", that should entice European and Asian drivers who would love to own a Mustang!
Midnight Blue
MCOM Treasurer-Historian