Spy photos show information about 2015 Mustang

Jim Dunne, the Detroit Bureau - 1 day

It's no secret, the Ford plans to throw a big party celebrate the 50th anniversary of the Ford Mustang when it rolls out next year from the line. But has remained a secret, what looks like the 2015 Mustang.

Until now.

Model our spies captured images of elusive 2015 Mustang that some details, even if the car is rear front show. Ford is expected to be the new design to reveal some time in 2014.

Front headlight holes indicate that the lights on the front fenders, not deep into the radiator grille are set below high are. On the rear, the tail lights in the trunk are set higher. The wheels with the 5 split spokes representation appear new.

A hole in the canvas above the front wheel opening is never seen any air vent, a feature on Mustangs. Although we cannot see the rear suspension, which offers 15 model supposedly an independent rear Setup is a first for the Mustang.


Ford has the 15 model to make his debut at the New York International Auto Show 2014 election victory. After decades of the Pack in the muscle car Mustang of the Chevrolet Camaro in recent times raised above. Chevrolet hoped that sales gap greater than by introducing a freshened Camaro including a model SS during the New York International Auto Show earlier of this month. That puts even more pressure on Ford, get it right, when it launches the next-generation Mustang.

An introduction of the New York International Auto show, the car would come full circle, in a sense a few days before its official debut at the world's fair in 1964 in New York bringing the first Coupe Ford unveiled on April 17, 1964. It was an immediate success, help Ford country car design guru, Lee Iacocca, on the covers of many timeand Newsweek.

The first of the "pony cars" Mustang was an immediate success. While the icon almost 50-year run were sold more than 8.5 million Mustangs.

"Not too many cars around for 49 years have been", said David Pericak, Chief Engineer of the Mustang, built during a new event marking the millionth Mustang Ford flat rock, Michigan plant. "It is more than a car. It is a symbol. Rock 'n' roll songs and a star in films yet, "he added, and became a huge success on the track."

The first Ford Mustang for as little as $2.368 (which today would be equivalent to $17.780) was introduced as a 1964 1/2 model. Ironically during the galloping horse image that was associated with the original Ford Mustang, the car was original designer John Najjar, a fan of the most successful fighter of World War II, the P-51 Mustang. Corporate officer liked the name but thought the horses picture was better.

The fast-acting Coupe was not nearly so temperamental, surfaced as it, but with its compact, 170-cubic-inch engine and three-speed manual transmission was. That would change soon a procession of new facilities as the automakers, which rolled out a more powerful set of engine packages, and in the following years.

Copyright © 2009-2013, the Detroit Bureau

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Chrysler information plan, United States, Canada pay back

NEW YORK-Chrysler Group LLC detailed terms and conditions on Thursday, the high cost to repay Government loans a bond offering and term loans and put the U.S. based automaker on firmer financial ground to be used.

The company expects to refinance loans to the Government, on 24, the company confirmed in a press release.

All in all Chrysler $7.5 billion in new loans raised: $3.2 billion in bonds, $3 billion in a term loan and credit revolving a 1.3 billion dollar facility, said the company.

The bonds and the term loans, which total Fiat SpA from $ 6.2 billion and $1.3 billion in cash from Italian automaker repay $7.5 billion in government loan restructuring used is from Chrysler's bankruptcy in 2009.

Credit facility revolvierende $1.3 billion in Chrysler used for general corporate purposes and remains undrawn credit lines.

A sharp drop in car sales pushed the Auburn Hills, Michigan-based company to the brink of collapse in 2009 before his rescue. Under the direction of Fiat almost two years ago was created before the bankruptcy.

But the loans from the United States and Canada carry high interest rates, the Chrysler costs more than $1.2 billion last year, or more than 3 million USD per day. Chrysler declined to specify how much of the funding would save the company.

Chrysler is output from the in two parts: an eight year tranche amounting to $1.5 billion and a 10-year tranche amounting to $1.7 billion. The first part bears an interest rate of 8 per cent, while the 10-year bond has an interest rate of 8.25%.

The term of loan facility Chrysler Fund to 4.75 percentage points above the London interbank offered rate, subject to can lend the floor LIBOR rate of 1.25%.

This was the second time this week the U.S. based automaker the structure of refinancing package changed. Early Chrysler term loans and bonds of 2.5 billion was looking for a 3.5 billion USD $.

But investor concerns about its financial Outlook Chrysler the cut earlier this week to US$ 2.5 billion and boost the bond offers its term loan to $3.5 billion required.

Revised include Chrysler also the term loans to more bond-like properties. People familiar with the transaction said this week, that Chrysler's revised term loan was oversubscribed.

On Thursday morning, the deal had again changed structure. The term of loans grew to $3 billion, the bond offer was reduced by $3.2 billion and the revolver was cut $ 1.5 billion to $1.3 billion.

The U.S. based automaker will help refinance to reduce interest costs of an initial public offering that could come this year. Repayment of debts can Fiat, its stake in Chrysler increase to 46 percent from the current 30 percent.

Sergio Marchionne, Chief Executive of Fiat and Chrysler, has said that its aim is in this year, Fiat increase to 51 per cent stake in Chrysler.

A concern about Chrysler said it tends strongly to gas-guzzling pickup trucks, SUVs and minivans Wilmer Stith, Portfolio Manager at MTB investment advisors, expanded.

But he added: "you're going that marry with Fiat, which has many good small cars, and I think merging the two will be a good thing."

(Reporting by Michelle Sierra and Soyoung Kim;) Writing and additional reporting by Deepa Seetharaman; Editing by Lisa von Ahn, Gerald E. McCormick, Andre Grenon and Phil Berlowitz)

Copyright 2011 Thomson Reuters.

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