Vibrant Red. An all new 4th generation Mustang, the SN-95, was introduced in 1994, the notchback and hatchback were gone, replaced by a swoopier style coupe, a convertible was also available. The 1999 facelift saw a tougher look with sharper contours. The base model got the 3.8 V6 and the GT, the old 5.0 V8 but replaced by the new modular 4.6 in 1996. Also available was the high performance SVT Cobra, 240hp 5.0 V8, In 1994 the Cobra got the unique fog light bumper, but the Cobra hood with larger air inlets, not until 1996. The Mustang Cobra convertible was selected as the Pace Car for the Indianapolis 500, this is one of the 1000 replicas that were made.