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Fourth Generation Mustang (1994 - 2004) Page:2

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Tyler’s New Edge 2001 Mustang GT Is Two-Tone Goodness

Tyler Roam is no stranger to the Reader's Rides section of a magazine, Read More

2002 Mustang GT Was an Unfulfilled Father-Son Project

A reader shares the 2002 Mustang GT project that he bought to work on Read More

Zach’s New Edge 2001 Ford Mustang Is “Just a 4.6” With a Few Goodies

California man Zach Fornes, also known as @justa4.6, has put a lot of Read More

1995 SN95 Cobra and Project Car Life: Never.Give.Up.

Mel Josafat’s long road to building an ultra clean SN95 Cobra. Read More

Raul Torres’ transformed 1999 New Edge Mustang is a South Florida Terror

Torres has owned 22 Mustangs, but none more special than his 1999 Read More

2003 Sonic Blue Cobra Terminator: Part metal. Part carbon. All fun.

MM&FF features Chris Pilla’s New Edge Terminator Cobra Mustang. Read More

Matt’s Patriotic Dream Team: 2004 Mach 1, 2003 Cobra, 2013 Shelby GT500

Matt Campbell has graced the pages of our Snapshots department before, Read More

Becky’s Beautiful 2003 Mystichrome Mach 1

The Mach 1 was her daily driver for quite some time where it soaked up Read More

Beautifully Modified 10th Anniversary 2003 SVT Cobra

Dustin Stevens from Brandon, Florida, owns this 10th Anniversary Read More

This Marine Owns Two Stellar Mustangs: 2002 Supercharged Saleen and 2012 GT

Chris Seijido of Northern Virginia is the proud owner of two manual Read More

Mike Synatzske’s Mach 1 Stunner

Mike Synatzske’s New Edge Mach 1. Tailoring the Mustang’s lovely Read More

A Clean New Edge 1999 Mustang GT That Packs A Heavy Two-Valve Punch!

David Geisler’s 1999 Mustang GT. The Mustang has run a best of 9.29 Read More

Jeff Smith seeks the 9s with his Competition Orange 2004 SVT Cobra

Jeff Smith bangs gears to bottom 10-second performance with his 2004 Read More

Paul Guenther combined a Terminator with a Pushrod 428 to create Pony Perfection

Full feature of Paul Guenther’s modded 2003 SVT Cobra. Read More

2000 Mustang GT ’Vert Has Over 200K Miles & Still Looks Fresh

A reader in Canton, Georgia, tells us about his 2000 Ford Mustang GT Read More


By 1994, the Mustang had been in production for 30 years, and Ford had the formula dialed in. Following on the footsteps of the venerable Fox-body (1979-93), Ford introduced the Fox-4 "SN-95" chassis in 1994, with it a larger, slightly heavier, and more rounded body design.

The styling was received well, as this design was packed with many "classic" Mustang cues. The '94 model brought a totally new look, as well as new technology and enhancements in safety and performance.

SN-95 Mustangs would benefit from anti-lock brakes, five-lug axles, the addition of a front, passenger-side air bag, and an improved chassis with greater rigidity. Additionally, Ford tweaked the suspension for improved road feel and handling.

Over the decade of this model run, Ford produced two distinct body designs, but the underpinnings remained virtually untouched. The front used a modified MacPherson Strut design with the coil springs set between the lower A-arm and the K-member. It retained use of the live axle with four trailing arms and two shocks. This design works quite well for normal driving, as well as for drag and road racing, and there is full support from the aftermarket. The only variation was the 1999-04 SVT Cobras, which utilized an Independent Rear Suspension.

One attribute to the SN-95 is the interior, which is reminiscent of the '69-70 Mustang. It has a double-hump dash, a nicely laid out center stack with integrated console, and well-blended gauge cluster.

Power came from either a V-6 or V-8, and Mustang owners could choose between an overdrive automatic or five-speed manual (SVT Mustangs are manual only, with the '03-04 being six speeds).

The 8.8-inch rear axle remained largely unchanged from the Fox-body, save for five-lug axles and disc brakes on all models.



The GT powertrain remained virtually unchanged in 1994-95, but the four-cylinder was gone in favor of a 4.0L V-6.M

Special editions of the '94-95 models included the SVT Cobra with 240 hp, including an Indy Pace Car model, and the second SVT Cobra R Mustang, of which only 250 were produced (all in white). These were powered by a 300hp 351 Windsor, similar to the 351W in the 1993-95 SVT Lightnings.


Using the same body style, save for badging and taillights, Ford introduced the Two-Valve and Four-Valve DOHC Modular engine family to the Mustang. Performance from the Two-Valve was disappointing. The engine produced only 215 horsepower, and fortunately, the 305hp DOHC engine in the SVT Cobra picked up the slack and provided lots of high-rpm excitement. There are still many 1996-98 SVT Cobras running around, and you can generally find nice examples at a fair price. The V-6 remained virtually unchanged during this model run.


When the time came for a face-lift, Ford went back to sharper lines, and so the 1999-04 Mustangs are commonly called "New Edge" Mustangs. Along with the new look, came a much-welcomed increase in power and performance. With the PI (Performance Improved) heads on the 4.6L Two-Valve, the Mustang had 260 hp, and could run solid 13s in stock trim. And while many 5.0L Foxes were modified to run quick, very few could turn 13s in 100-percent stock trim like the New Edge.

The SVT Cobra model continued on, and a big selling point (at least according to Ford), was the IRS rear axle. Unfortunately, while it provided nice handling, it lacked strength. Furthermore, the DOHC engine benefitted from an improved cylinder head design, boosting output to 320 hp in '99 and '01. In between those two models was the edgy 2000 Cobra R, which boasted a 385hp 5.4L Four-Valve and a T-56 six-speed transmission.

For the 2003-04 model years, SVT dropped a bomb with the supercharged SVT Cobra, dubbed "Terminator." At 390 hp, the Eaton-blown 4.6L Four-Valve made the Terminator unlike any other production Mustang before it. It also featured a six-speed transmission and IRS.

Ford rolled out other special edition Mustangs during this time, including the '01 Bullitt (based on the GT) and the Four-Valve '03-04 Mach 1.