2024 Ford Mustang’s 5.0L V-8 Gets a Big Power Bump

• Ford has announced official power figures for the new 2024 Mustang.
• The base 2.3-liter EcoBoost four-cylinder makes 315 horsepower and 350 pound-feet of torque.
• The optional 5.0-liter V-8 ranges from 480 hp in the base GT up to 500 hp in the Dark Horse performance model.

Ford is turning up the wick on the Coyote V-8 in the new 2024 Mustang, with the naturally aspirated 5.0-liter engine set to produce between 480 hp and 500 hp in the redesigned pony car. The 500-hp figure is for the top Dark Horse performance model, but even the base 480-hp 2024 Mustang GT will make more power than the previous Mach 1, which was rated at 470 hp for 2023 (it was initially rated at 480 hp for 2021).

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Mustang Dark Horse

The revised V-8 makes 480 horsepower and 415 pound-feet in the base Mustang GT, a healthy upgrade compared with 450 hp for the previous base GT. Adding the optional performance exhaust increases those figures to 486 hp and 418 pound-feet. The V-8 in the Dark Horse benefits from a different crankshaft and forged piston connecting rods, and its output sits at 500 hp and 418 pound-feet of torque. A six-speed manual transmission will be standard on the GT, with a ten-speed automatic optional.

Meanwhile, the base EcoBoost four-cylinder engine doesn’t change much from before. It now produces 315 horsepower and 350 pound-feet of torque. That’s 5 hp more than the previous base Mustang, but less power than the previous EcoBoost Performance Package’s 330 hp. Disappointingly, the EcoBoost Mustang also won’t be available with a manual transmission, meaning the four-cylinder car will come only with the ten-speed auto.

We still don’t yet know pricing for the 2024 Mustang, but production for both coupe and convertible models will start in the summer of 2023.