UPDATED - VIDEO ADDED  Dropping what could be several hints at the next generation Ford Mustang, Fabrizio Giugiaro (styling Director of Italdesign -- Giugiaro S.P.A.) has released his own flavor of the legendary pony car. "When we saw the new Mustang, we knew two things: It was the best we'd seen since the original, and we had to get our hands on one. We still believe it's important to show the automotive world pure exercises in style that interpret key models reflecting the history and image of important brands."

In a recent stroke of luck worthy of going out and buying a lottery ticket, a Mustang enthusiast has captured what appears to be the first of the concept opportunities for the 2010 Ford Mustang. The Giugiaro Concept Mustang was seen in Italy where the photo was taken.

The ROUSH Reactor Mustang made its official debut at the ROUSH booth during the 2006 SEMA Show in Las Vegas. This 1967 Ford Mustang fastback required over 2000 man-hours to complete and every detail is noteworthy and this car, were it 2-dimensional, could be framed art. A spectacular dark metallic green coat of paint adorns this vehicle owned by Doug Hoppe of Sioux City, Iowa, and was build by Ringbrothers to fight for best of show in the 2007 Good Guys Street Machine of the Year award.

The black-gold colored Obsidian CoupeR didn't make it to the showroom floor inside SEMA, but certainly proved that too much is not enough while on exhibit outdoors. Poised just outside the main doors to the exhibition hall with no other cars around, the CoupeR made its mark and did it well with its 900hp, twin-supercharged engine and extremely aggressive custom appliqué. This 1967 Ford Mustang drew in the crowd by emitting notable style and function.

By now, most "born in the 70s" car nuts are well aware that the forthcoming Transformers movie is going to feature some unique one-off cars of the new Ford Mustang, Chevrolet Camaro, and many others. Some spy shots have been tossed around showing the potential for Saleen Inc to produce a spiced-up version of the upcoming Camaro. CarCrazy.com Assistant Editor John Breaux was able to track down Steve Saleen at the 2006 Cruisin the Coast Auto Show in Biloxi, Mississippi to get tell us more about what the future holds (dialogue text below).

{jomcomment}

As if the most powerful production Ford Mustang doesn't have enough power straight from the factory, Jack Roush's aftermarket company, ROUSH Performance, has laid out some opportunity to help quench the insatiable desire for more power.  Of course, the ROUSHcharger™ blower setup is one solution, but there are some less aggressive options offered for slightly milder applications.  The options are described in detail below, so take a closer look at what Jack's got in store for us...well, at least those of us lucky enough to have a Shelby GT500 in the stable.

We just got word that there is some great work going on over in the CRAGAR shop. The "re-inventor of the wheel" is poised to release a new lineup of special edition automobiles to be available at selected dealerships across the country. The first vehicle, as you can tell, is based upon the 2006 Ford Mustang. Take a look at some of the photos inside and be sure to visit the CRAGAR site to catch more details.

Ford has let a few cats out of the bag recently with three new NASCAR pace cars being unveiled to pace three Ford Championship weekend races at Homestead-Miami Speedway. The Ford Edge, the Ford F-150 FX2 Sport, and of course, the Ford Shelby GT500 are all poised to take the track and set the pace for NASCAR circuit participants. The most powerful production Ford Mustang to date, the Shelby GT500, will lead the pack in the Ford 400 racing event.