In 1994, the Ford Mustang came roaring back from probably extinction to become Motor Trend's car of the year for the third time. The first major restyling of the Mustang in 15 years resulted in a new, slick package with an exciting line of engines.

The standard was a 3.8-liter V6 rated at 145 horsepower, with an optional 5.0-liter V8 HO rated at 225 horsepower. The Cobra was again the most powerful car in the line, with a 5.0-liter V8 HO rated at 245 horsepower.

The Saleen model with the Supercharged Racer package was barely legal: the 351-ci supercharged V8 was rated at 480 horsepower.