Everyone knows you have to strike it while it's hot. Ford's doing just this, with the forthcoming release of two iconic Ford Mustang flavors: the Boss and the Bullitt. The latest pony in the stable, the Shelby GT, will soon be accompanied by these two Mustang variants in 2007. The Bullitt will, of course, seek to capture the essence and aura of the 1968 390 GT ridden by Steve McQueen. The Boss version of the Mustang will be an even bigger bang in the market, with the first Mustang to be powered by the all-new 5.0 liter Hurricane V8 powerplant. This limited-edition Boss is rumored to produce anywhere from 425 to 435 horsepower, possess a Spartan (stripped down) interior, and have less "fluff" to maximize performance.

There is still time to get your hands on one of the rarest Ford Mustangs to be produced in some time. The Hertz rental company, along with Ford and Shelby, will be auctioning off 113 of their gorgeous, retro-styled Shelby GT-H rent-a-racer cars. Reminiscent of their 1960's venture, the black with gold stripes combination catches the attention of all who see it.

The best thing to do with something successful is to make more of it. OK. Even better, take that great thing and make it better. Right. Still yet, take this great thing and make it into something hardly recognized as the original. Not quite. If Ford proceeds to take its hot pony car, the Ford Mustang, and twist out sedan and wagon models, it will take a powerful steed and castrate it in order to capitalize upon solid sales figures and (supposedly) fit perceived consumer demand. Will it work? Will Ford have another Bold Move to propel itself ahead? Or, will Ford alienate a large portion of its fan base--those who worship the car's legacy of racing, power, and mystique?

One of the most anticipated vehicles since the Shelby GT500 is set for production beginning in January 2007. The latest Mustang offering from Ford, the Shelby GT that we have been reporting on for some time features 325 horsepower and the chance to own a vehicle that Carroll Shelby himself helped create.

A new commercial featuring one of the most popular rental cars to ever grace a Hertz showroom has been released by Ford. The commercial features a Mustang GT-H being chased through downtown streets by a lone police car. The Mustang spins out and stops and we find that two police officers are having fun recreating their own chase scene and are eager to switch places and try again. The commercial is right in time for the launch of the new Shelby GT that Ford is releasing with the same power and options as the before rental only GT-H.

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.