The 2015 Mustang is finally here, officially unveiled by Ford in all its cherry red glory. Celebrating its 50th anniversary, the all-American muscle car is putting its best hoof forward, with smooth, swoon-worthy curves, an updated new engine, and plans to go big globally. As we saw in the preview of its bodyshape back in October and in the Evolution of an Icon video that preceded this debut, the Mustang has slowly developed its own sporty and sexy take on its classic body style, paired with three new engine types: a 3.7-liter V6, which gets a projected 300 horsepower, a 5.0-liter V8 with 420 horsepower, and a new 2.3-liter EcoBoost four-cylinder that gets a projected 305 horsepower. Ford will also offer updated six-speed manual and automatic transmission systems and the car sits on the Mustang’s first independent rear suspension, which should improve handling because it lets the wheels operate independently. Inside, new options include blind-spot detection and toggle switches that let the driver customize their experience, including adjusting the steering, stability control and other settings depending on the road conditions. The interior also sees some updates in upholstery, technology, and on the dash, with brushed aluminum replacing painted plastics. Ford isn’t saying how much the new Mustang will cost, but the current one starts around $23,000. A convertible version will also be offered.