The third-generation Mustang was produced from 1979 to 1993. Built on Ford’s ubiquitous Fox platform, it evolved through a number of sub-models, trim levels, and drivetrain combinations during its production life.
For 1984, the GL and GLX were dropped, leaving L, LX, GT, Turbo GT, and a new addition, the SVO. Ford also recognized the 20th Anniversary of the Mustang with the G.T.350, which consisted of a limited run of 5,260 hatchback and convertible models all trimmed in Oxford White exteriors and Canyon Red interiors. They could be equipped with either the 2.3 Turbo or 302 V8. Two 302 V8s were available, the four-barrel or a new 165 hp (123 kW) electronic-fuel-injected engine. A new "Quadra Shock" rear suspension, which replaced the slapper bars with horizontally mounted axle shocks, became available after a few months of production. After 1984, the TRX option was retired.
The new Mustang SVO appeared first in 1984 and was produced through 1986. Carrying a far more powerful and refined 2.3 L turbocharged inline-4, it produced initially 175 hp (130 kW) for 1984, uprated to 205 hp (153 kW) for a few 1985 models, and ending with 200 hp (149 kW) for 1986. It sported handling and braking abilities that would humble a Mustang GT. Four-wheel disc brakes, 16-inch specific wheels, and an SVO-specific bi-plane rear spoiler were just a few of the notable differences between the SVO and the rest of the Mustang line. However, the steep price, which was thousands more than a comparably equipped V8 GT, put off most potential buyers.
Source: Wikipedia, 2012
Photo Credit: Barrett-Jackson