The interior was restyled to accommodate four people in comfort despite a smaller rear seat. Body styles included a coupé, hatchback, and convertible. Available trim levels included L, GL, GLX, LX, GT, GTS, Turbo GT , SVO , Cobra , Cobra R , and Ghia.
The third generation mustang had two different body styles. From 1979 to 1986 the car had a triangle shaped front clip and four headlights, known by enthusiasts as “4 Eyes.” Then in the 1987 to 1993 model years, the front clip had a more round shaping known as the “aero” style. Also in 1986, engines featured EFI instead of carburetors. Other changes for the 1986 models included an upgraded 8.8-inch rear-end with four shock absorbers.
In response to slumping sales and escalating fuel prices during the early 1980s, a new Mustang was in development. It was to be a variant of the Mazda MX-6 assembled at AutoAlliance International in Flat Rock, Michigan. Enthusiasts wrote to Ford objecting to the proposed change to a front-wheel drive, Japanese-designed Mustang without a V8 option. The result was a major facelift of the existing Mustang in 1987, while the MX-6 variant became the 1989 Ford Probe.