New 2015 Ford Mustang unveiled

One of America's most iconic vehicles is celebrating its 50th anniversary with a complete redesign.

The Ford Mustang GT was unveiled in Dearborn with a complete redesign. It sports a beefed up engine and better fuel economy.

â??Ford Mustang inspires passion like no other car,â?? said Raj Nair, Ford group vice president, global product development. â??The visceral look, sound and performance of Mustang resonates with people, even if theyâ??ve never driven one. Mustang is definitely more than just a car â?? it is the heart and soul of Ford.â??

The Mustang has sold over 9 million cars during its 50 years of being in production, according to Ford.

The new Mustang is expected to be released next Fall in North America. It will arrive later in Europe and Asia.