Few engines have received the iconic status of the Ford Mustang's 5.0. The motor disappeared in 1996 but now appears to be ready to make a comeback.
News of the return comes out of Australia where Ford Australia product development boss Russell Christophers has confirmed a new 5.0-liter V8 is currently undergoing development in the U.S.
In Australia the new engine, code named "Coyote", will replace a larger 5.4-liter unit in the Falcon, but it could likely be used in an upcoming Mustang.
With new emissions regulations in 2010, we aren't likely to see the the engine before that. Most likely it would debut in the next Mustang several years from now, but Ford did set a precedent in '96 when they replace the 5.0 with the 4.6-liter block mid-cycle.
The engine is rumored to make 402hp and 398 ft-lbs of torque.
More: Ford Planning Return of the 5.0