Medium Blue Glow. The 3rd generation Fox body Mustang was made from 1979-1993, a substantial update in 1987 saw the grille and quad headlights replaced by modern single headlights and the no grille aero look. It was available again in coupe or hatchback. In 1979 Base, Ghia or Cobra and engines were the 2.3 litre 4 cyl Turbo, 2.8 V6 and 5.0 V8. In 1980 and 81 the 5.0 V8 was dropped in favour of the smaller 4.2 V8 for better economy. 1981 was the last year for the Cobra option package. It got the hood scoop, sport exhaust, dual black sport mirrors and black bumper guards. The large Cobra hood decal was an additional $95 option. Engine; 4.2 litre V8