<P> In addition to the base & Ghia trim levels, a Cobra appearance package also made its debut and would continue through both the 1980 & 1981 model years . The all - new 1979 Cobra (17,579 produced) featured black trim and grille area, chrome door handles, stainless steel lock sets and antenna, aluminum roof drip rail, body - colored sail panels, black lower body - side paint, color - coordinated dual pinstripes in the wraparound body - side moldings and bumper grooves, an optional snake decal for the hood and Cobra lettering on the doors . There was no rear spoiler on the 1979 models (except on the mid year introduction of the Indianapolis 500 Pace Car replicas). The 1980 Cobra (5,550 produced) and the 1981 Cobra (1,821 produced) received a mild makeover with a new front bumper and air dam (complete with fog lights), cowl - type hood scoop, and rear spoiler (all carried over from the earlier Pace Car replicas). Graphics included belt - line stripe, a hood decal, and "COBRA" decals on side - windows and the rear spoiler . Exterior trim was black, including the door handles, keylocks, antenna, and sail panels . </P> <P> On May 27th, 1979, the all - new Mustang was chosen as the Official Pace Car of the Indianapolis 500 . Ford commemorated this event with a mid-year addition "Indy 500" Pace Car model (10,478 produced). The two - tone Pewter and Black colors were complimented with Orange and Red graphics . The front end featured a unique front air dam with fog lights, and a full length cowl type hood scoop, while the rear end got the new for' 79 rear spoiler (all of these additions carried over to both the' 80 &' 81 Cobra). The black interior featured Recaro seats with patterned Black and White inserts . Available were the 2.3 L Turbo with mandatory four - speed manual transmission or the 5.0 L V8 with either an overdrive 4 - speed manual or three - speed automatic transmission . The production cars included a sunroof . However, the three actual pace cars were fitted with a T - roof by Cars & Concepts of Brighton, MI . The T - roof option would not become an available option until the 1981 model year . </P> <P> In 1982, the Cobra model was dropped in favor of the Mustang GT, which returned after 13 years . The new GT featured a re-engineered 157 hp (117 kW; 159 PS) 302 cu in (4.9 L) "5 Liter" engine with new valves, a more aggressive cam (from a 1973 351W Torino application), a larger twin - barrel carburetor, and a revised firing order, as well as a better breathing intake and exhaust system . The GT included the front air dam with fog lamps and the rear spoiler from the' 79 Pace Car and the 1980 & 1981 Cobras . However, the full length hood scoop from those models did not carry over and the smaller 1979 Cobra hood scoop made its return on the GT . Only four colors were offered on the GT model and they consisted of Dark Red, Bright Red, Silver, and Black . As in many previous years, the 5.0 engine was not tied only to the performance flagship GT . It was available on lower trims, and also formed the basis for the "SSP" (Special Service Package) cars that were used by government and police law enforcement, and were almost exclusively ordered in the 2 - door sedan bodystyle . The 4.2 Liter V8 was available for the last time on all Mustang models and only with an automatic transmission . Trim levels were also revised to now include the L (base), GL, and GLX under the GT model . </P> <P> Engines for the 1979 - 1982 models included the 88 hp (66 kW) 2.3 L Pinto inline - four, 109 hp (81 kW) 2.8 L Cologne V6 (made by Ford of Germany), and the 140 hp (104 kW) 302 cu in (4.9 L) Windsor V8; which was marketed as a 5.0 L engine and front fenders badged as such . All were carried over from the Mustang II line . Shortly after the model year started an 85 hp (63 kW) 3.3 L straight - six engine was available . Supplies of the 2.8 L V6 proved inadequate leading to it being discontinued in late 1979 . A new 132 hp (98 kW) 2.3 L turbo four - cylinder, debuted that offered similar horsepower to the V8 . The automaker had plans this engine would usher in a new era in performance . The 2.3 and 2.3 turbo, as well as the V8 models could also be optioned with the newly developed TRX handling suspension that included Michelin 390mm tires and accompanying metric - sized wheels . </P>

1992 ford mustang lx 5.0l v8 automatic hatchback