The next-generation Ford Mustang has been in development for some time now, but all we have seen so far are mules. Now, Road & Track has caught the elusive 2015 Mustang out for testing and dug up some tasty tidbits of information the new Mustang->ke428.

The first good news is that the model will finally get independent rear suspension and the base model will keep the usual V-6 powertrain. Next engine in the lineup is a 2.3-liter EcoBoost four-cylinder with an output of about 350 horsepower. This version may mark the return of the old "SVO" trim level from the 1980s. The top version will be, as usual, the GT model that will carry the same 5.0-liter Coyote V-8 engine with its output boosted to around 450 horsepower.

As for the SVT version, Road & Track claims that it may drop the “Shelby” name and adopt a new "Cobra" name. Also, this version may drop the supercharged engine and will go the all-motor route, much like the Camaro Z28.

Rumors suggest that the new generation Mustang will make its auto show debut before the close of 2013.

Click past the jump to read more about Ford Mustang.

Ford Mustang History

Ford Mustang was unveiled back in 1964 and it is currently in its fifth generation. The model was a very successful one ever since its official launch, with about 100,000 units being sold for the first year. This success was achieved thanks to the car's low cost - $2,368 for the 1965 model year.

The first generation was offered with a base six-cylinder engine developing a total of 101 horsepower, with the top version getting a V-8 powerplant. Things evolved during the years, so that the fifth generation is offered with a base V-6 engine developing 210 horsepower, while the GT version gets a V-8 engine with 300 horsepower.