Ford's new Mustang. Pic: Supplied

FORD has this morning revealed its highly anticipated S650 Mustang, paving the way for the final version of the Blue Oval’s Gen3 Supercar to be released.

The seventh-generation Mustang features a fighter jet-inspired cockpit and two updated engines: a 2.3-litre EcoBoost and a 5.0-litre Coyote V8.

GALLERY: The all-new Ford Mustang Supercar

“Investing in another generation of Mustang is a big statement at a time when many of our competitors are exiting the business of internal combustion vehicles,” said Ford Motor Company CEO Jim Farley.

“Ford, however, is turbocharging its ICE growth plan, adding connected technology, opinionated derivatives, and hybrid options to our most profitable and popular cars – all in the Ford Blue family – on top of investing $50 billion in electric vehicles through 2026.”

The S650 Mustang has been described as adding “modern chiselled looks to its heritage-inspired design” which dates back to the 1960s.

The EcoBoost and GT models are differentiated by variations to the front-end appearance.

“Both the EcoBoost and GT Mustang have unique styling cues that deliver on their promise of Mustang Performance,” said Mustang design manager Christopher Walter.

“The new Mustang is more chiselled and edgier, leaning into Mustang’s classic brawniness and timelessness.”

The S650 Mustang GT will go head-to-head with the Chevrolet Camaro in the 2023 Repco Supercars Championship.

Until now, the Ford Gen3 prototype has appeared in S550 trim; the updated bodywork is expected to be unveiled to fans in the coming weeks as the Repco Bathurst 1000 looms on October 6-9.

Ford has meanwhile followed its road car launch with digital images of its updated Mustang racing fleet including the Gen3 Supercar, which can be viewed here.

The S650 Mustang GT. Pic: Supplied
Connor O’Brien joined V8 Sleuth in 2022 as website Editor. He won the Supercars Media Award in 2017 while working as a sports reporter at the Gold Coast Bulletin, before stints at Supercars and Speedcafe. During his time at V8 Sleuth he's twice (2022, 2023) been named Journalist of the Year at the Supercars Media Awards.