We have already heard rumors that the 2014 Ford Mustang will feature a four-cylinder engine and a globally-influenced design, but a new report is indicating the pony car will be more refined than ever before.

We've already heard rumors that the 2014 Ford Mustang will feature a four-cylinder engine and a globally-influenced design, but a new report is indicating the pony car will be more refined than ever before.

Built to celebrate the Mustang's 50th anniversary, the car will reportedly be smaller and lighter than the current model. The retro styling will remain intact, but interior will be significantly improved with higher quality materials and advanced technology.

Engine options are rumored to include a 2.5-liter EcoBoost four-cylinder and a 500 hp (373 kW / 507 PS) 5.4-liter V8. However, previous reports have suggested the EcoBoost will displace 2.3-liters and a turbocharged 2.7-liter V6 will also be offered.

On the handling front, the Mustang is slated to adopt an independent rear suspension which should improve handling and ride comfort. Additionally, there is speculation that the model could come equipped with a torque vectoring system like the 2012 Focus.

Lastly, the next-generation Mustang will be offered globally with right-hand drive for Australia, Japan and the United Kingdom.

Note: 2012 Mustang Boss 302 pictured

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