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In 1984 Ford's in house performance team- SVT, or Special Vehicle Team, unveileved the Mustang SVO. Powered by a 2.3 turbocharged four making 175 hp, the SVO was targeted at the European and Japanese performance cars of the day and it's base price of $15,596 reflected it as well. But for all of it's handling improvements and performance goodies it never really caught on with the Mustang crowd and was dropped after 1986. Many people beileve that it came down to cost. For the price of one SVO you could get two Mustang GTs powered by the equally powerful 5.0 liter engine. But SVT would learn it's lesson. The high performance Mustang buyer wanted a powerful V8 under the hood and this new attitude would be reflected when the SVT team brought out the Cobra in 1993.
Available in 1969 and 1970 only, and looking like a standard Mustang SportsRoof (the new corporate name for the fastback) with the new Mach 1 musclecar version's deluxe interior, the Mustang Boss 429 sported none of the garish decals and paint schemes of the day. Only a hood scoop, 15 inch (380 mm) "Magnum 500" wheels with Goodyear "Polyglas" tires and a small "BOSS 429" decal on each front fender hinted that the largest and, in racing trim, most powerful Ford V8 of all time was fitted under the Mustang hood.
At a cost of nearly $700, this high-performance 289, or "Hi-Po" as it came to be nicknamed, was the single most expensive option available on the Mustang. The option list added to Mustang popularity since it could be ordered from "mild to wild," depending on the buyer's taste and budget. The most popular drivetrain combination in the Mustang's first two years would prove to be a 200 horsepower (149 kW), two-barrel "Challenger" version of the 289 introduced at the start of the 1965 model year backed by a three-speed "Cruise-O-Matic" automatic transmission.
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