After Ford delivered a massive blow to fans of the brand and the automotive industry in general in Australia with its decision to kill its local manufacturing operations on October 16, 2016 and end production of the rear-wheel drive Falcon, the Blue Oval thinks it can somewhat make up for it with the release of the next generation Mustang.

According to a News Corp. Australia report this weekend, Ford’s global vice president of sales and marketing, Jim Farley, will fly to the land Down Under on August 13 to make an official announcement on the return of the Mustang nameplate in the same year that the Falcon will be axed.

Ford had imported the American Mustang in Australia as a right-hand drive car in the late 1960s and had also converted a small number of cars between 2001 and 2003 to compete with the Holden Monaro, but with a price of around AU$90,000, it only sold fewer than 400 cars.

The news report states that the right-hand driver (RHD) version of the 2015 Mustang, which itself will be revealed next year to coincide with the nameplate’s 50th anniversary, will cost much less starting close to AU$50,000. In the U.S., the current Mustang starts at $US22,200 (AU$24,500) for the 305HP V6, and US$29,625 (AU$32,700) for the 420HP GT V8.

Unlike the UK that will also get a turbocharged four-cylinder engine, Australia is likely to get V6 and V8 models. Right hand drive Mustangs are said to account for less than 10 percent of global sales with the UK and Australia to be the biggest markets.

On a final note, the report says that the arrival of the Ford Mustang in the country may convince the organizers of Australia’s famed V8 Supercar racing series to change the rules and accept coupe models.

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