1994 Mustangs were completely redesigned when it comes to interior and exterior. The engines available were a bit different and the Fox platform was given some improvements. On the exterior, there was obvious changes. The whole appearance of the car shifted to a bulkier round design. The running horse was slid into the grill, deleting the Blue Oval Emblem. On the inside, a new dedicated interior replaced the previous. There was no Taurus steering wheel anymore. LOL! The base Mustangs were given a 3.8L V-6 to fit under the hood. The other engines were also given some boosts. The Cobra had some minor changes also given to it. A new, great looking front fascia was added, along with a different rear spoiler and of course...a different set of wheels. Ford also made a special Indy 500 Pace Car version as you can see below.

PRODUCTION NUMBERS Standard Coupe: 48,873 GT Hardtop: 35,137 Cobra: 5,009 Standard Convertible: 19,471 GT Convertible: 27,582 Cobra Convertible: 1,002	VIN NUMBERS  -  1FALP42D6RF000001 1FA - Ford Motor Company L - Active Belts and Airbags P - Passenger car 42 - Body Code (40=Standard Coupe, 42=GT Coupe, 44=Standard Convertible, 45=GT Convertible) D - Engine Code 6 - Variable digits R - 1994 ("R" stands for 1994) F - Assembly Plant (F=Dearborn) 000001 - Consecutive unit number
BASE PRICES Standard Coupe: $13,365 GT Hardtop: $17,280 Cobra: $21,300 Standard Convertible: $20,160 GT Convertible: $21,790 Cobra Convertible: $26,605	ENGINES/ENGINE CODES 4 - 3.8L V-6 with 145hp - Coupe E - 5.0L V-8 with 215hp D - 5.0L V-8 with 240hp
EXTERIOR COLORS/COLOR CODE Canary Yellow [GT only] - BZ Vibrant Red [GT only] - ES Iris - GC Bright Blue - KF Deep Forest Green - NA Teal - RD Black - UA Opal Frost - WJ Crystal White - ZF Rio Red - E8 Laser Red - E9	INTERIOR COLORS/INTERIOR TRIM CODE Standard Coupe/Convertible    Bright Red       - Cloth = 6F    Black       - Cloth = 6J    Saddle       - Cloth = 6S    Opal Gray       - Cloth = 66    White [Conv. Only]       - Leather = Z GT Hardtop/Convertible    Bright Red       - Cloth = 2F, Leather = 4F    Black       - Cloth = 2J, Leather = 4J    Saddle       - Cloth = 2S, Leather = 4S    Opal Gray       - Cloth = 26, Leather = 46    White [Conv. Only]       - Leather = Z

-Special thanks to Ryan for his corrections on this page.