Ford Motor Company has officially unveiled its new version of iconic Mustang sports car, November 18 at Los Angeles Auto Show.

Although it has been tough over the past few years and the sales fell down to 30% in that period of 2007. Overall company sales fell 18 percent in the period to 1.66 million.

Now Ford along with its fellow U.S. automakers General Motors Corp and Chrysleris are giving reborn pony car into Market. “2010 Mustang” which company calls it “new muscular, sculptured exterior” along with larger wheels, adjusted suspension and more power, and convertible body styles will still be offered, with V-6 and a variety of V-8 powertrains.

The new Mustang, a 2010 model year modified from the Pony emblem on the front to sequential turn signals on the rear taillights, brings modern touches to the last major redesign that brought back familiar shapes from its 1960s origins.

2010 Mustang will be available in the year 2009.

However, unveiling of 2010 Mustang Ford expects significant fuel economy improvements along with the 2010 Mustang GT which improved horsepower over the current version will help rise sales next year.