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The Ford Mustang is an automobile manufactured by the Ford Motor Company. It was initially based on the second generation North American Ford Falcon, a compact car. Introduced early on April 17, 1964, dubbed as a "1964½" model by Mustang fans, the 1965 Mustang was the automaker's most successful launch since the Model A. The model is Ford's third oldest nameplate in production[citation needed] and has undergone several transformations to its current fifth generation

The Mustang created the "pony car" class of American automobiles—sports car-like coupes with long hoods and short rear decks—and gave rise to competitors such as GM's Chevrolet Camaro,[5] AMC's Javelin, and Chrysler's revamped Plymouth Barracudas and Dodge Challengers. It also inspired coupés such as the Toyota Celica and Ford Capri, which were exported to the United States.

 The Mustang made its first public appearance on a racetrack little more than a month after its April 17 introduction, as pace car for the 1964 Indianapolis 500.
The same year, Mustangs achieved the first of many notable competition successes, winning first and second in class in the Tour de France international rally. The car’s American competition debut, also in 1964, was in drag racing, where private individuals and dealer-sponsored teams campaigned Mustangs powered by 427 cu. in. V8s.
In late 1964, Ford contracted Holman & Moody to prepare ten 427-powered Mustangs to contest the National Hot Rod Association's (NHRA) A/Factory Experimental class in the 1965 drag racing season. Five of these special Mustangs made their competition debut at the 1965 NHRA Winternationals, where they qualified in the Factory Stock Eliminator class. The car driven by Bill Lawton won the class.
A decade later Bob Glidden won the Mustang’s first NHRA Pro Stock title.

 Early Mustangs also proved successful in road racing. The GT 350 R, the race version of the Shelby GT 350, won five of the Sports Car Club of America's (SCCA) six divisions in 1965. Drivers were Jerry Titus, Bob Johnson and Mark Donohue, and Titus won the (SCCA) B-Production national championship. GT 350s won the B-Production title again in 1966 and 1967. They also won the 1966 manufacturers’ championship in the inaugural SCCA Trans-Am series, and repeated the win the following year.
In 1969, modified versions of the 428 Mach 1, Boss 429 and Boss 302 took 295 United States Auto Club-certified records at Bonneville Salt Flats. The outing included a 24-hour run on a 10-mile (16 km) course at an average speed of 157 miles per hour (253 km/h). Drivers were Mickey Thompson, Danny Ongais, Ray Brock and Bob Ottum.
Boss 429 engines powered Ford Torinos in 1969 and 1970 NASCAR racing.
In 1970, Mustang won the SCCA Trans-Am series manufacturers’ championship again, with Parnelli Jones and George Follmer driving for car owner/builder Bud Moore and crew chief Lanky Foushee. Jones won the "unofficial" drivers’ title. 1970 was of special significance as the only year that all the "pony" car manufacturers fielded "factory" teams with world-class drivers... Ford beat Chevrolet, Pontiac, Plymouth, Dodge and AMC.

 The 1965 Mustang won the Tiffany Gold Medal for excellence in American design, the first automobile ever to do so.
The Mustang was on the Car and Driver Ten Best list in 1983, 1987, 1988, 2005, 2006, and 2011. It won the Motor Trend Car of the Year award in 1974 and 1994.
In 2005 it was runner-up to the Chrysler 300 for the North American Car of the Year award and was named Canadian Car of the Year

 A radically redesigned Mustang is tentatively being scheduled for release in 2014, most likely as a 2015 model. Though originally reported to be based strongly on the Ford Evos concept car, the development of the Fusion based on the Evos indicates that, while the Mustang is expected to borrow some styling from the concept, it will not rely as heavily upon it and there has been no indication from Ford whether it will share the global platform with the Fusion and Ford Mondeo or sit upon a modified version of its current platform. Ford confirmed the 2015 Mustang will replace the traditional solid rear axle suspension with an independent rear suspension, and journalists have speculated that an EcoBoost engine option will be available, likely as a turbocharged 4-cylinder, as well as a smaller-displacement, high-output V6 (code-named Nano) and V8 engine.

 The Ford Mustang was brought out five months before the normal start of the 1965 production year. The earliest versions are often referred to as 1964½ models, but VIN coded by Ford and titled as 1965 models[8] with production beginning in Dearborn, Michigan on March 9, 1964[9] and the new car was introduced to the public on April 17, 1964 at the New York World's Fair.

 Executive stylist John Najjar, who was a fan of the World War II P-51 Mustang fighter plane, is credited by Ford to have suggested the name. John Najjar co-designed the first prototype of the Ford Mustang known as Ford Mustang I in 1961, working jointly with fellow Ford stylist Philip T. Clark. The Mustang I made its formal debut at the United States Grand Prix in Watkins Glen, New York on October 7, 1962, where test driver and contemporary Formula One race driver Dan Gurney lapped the track in a demonstration using the second "race" prototype. His lap times were only slightly off the pace of the F1 race cars.

 An alternative view was that Robert J. Eggert, Ford Division market research manager, first suggested the Mustang name. Eggert, a breeder of quarterhorses, received a birthday present from his wife of the book, The Mustangs by J. Frank Dobie in 1960. Later, the book’s title gave him the idea of adding the “Mustang” name for Ford’s new concept car. The designer preferred Cougar or Torino (and an advertising campaign using the Torino name was actually prepared), while Henry Ford II wanted T-bird II. As the person responsible for Ford’s research on potential names, Eggert added “Mustang” to the list to be tested by focus groups; “Mustang,” by a wide margin, came out on top under the heading: "Suitability as Name for the Special Car." The name could not be used in Germany, however, because it was owned by Krupp, which had manufactured trucks between 1951 and 1964 with the name Mustang. Ford refused to buy the name for about US$10,000 from Krupp at the time. Kreidler, a manufacturer of mopeds, also used the name, so Mustang was sold in Germany as the "T-5" until December 1978.

Mustangs grew larger and heavier with each model year until, in response to the 1971–1973 models, Ford returned the car to its original size and concept for 1974. It has since seen several platform generations and designs. Although some other pony cars have seen a revival, the Mustang is the only original pony car to remain in uninterrupted production over five decades of development and revision.