Dark Red. The 3rd generation Fox body Mustang was made from 1979-1993, a substantial update in 1987 saw the grille and quad headlights replaced by modern single headlights and the no grille aero look. It was available again in coupe or hatchback. In the beginning, in 1979 engines were the 2.3 litre 4 cyl Turbo, 2.8 V6 and 5.0 V8. In 1982 the Cobra was dropped, only models available were the GL, GLX and GT. Although the 5.0 V8 was dropped for 1980 and 81 in favour of the more economical 4.2, it returned for 1982 in the GT, in new HO form, with 157hp, it was this car that restarted the muscle car era.