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I'll speculate the 200 lb. is off the Base curb weight. By substituting a turbo-4 for the current V6, some of the weight savings is apparent, right there. By paring some length, a few more pounds are saved. By going to "high tech" material and improved engineering and assembly processes, a few more. SRA to IRS add$, in weight as well.
Bottom line, no magic no-cost diet pill exists, for Ford OR for anyone else. Every component needs to be rationalized, just as they did with the Z/28. Just as they'll be required to do with the Gen-6 Camaro.
Tomorrow's announcement should shed light on exact weights and dimensions, and power teams. I suspect a GT will come in at 3500 lb. or so with a stick.
Styling? If you're a fan of the existing Mustangs, '05-forward, and the Gen-1s, '65-'70, you'll like it. Otherwise, it's not exactly revolutionary, but rather evolutionary. God knows, Ford has had their finger on the pulse of their customers for most of 50 years.
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