Ford (F - Get Report)  unveiled its newest Mustang Tuesday simultaneously in New York, Los Angeles and Detroit. The updated 2017 car is more powerful than previous models and has a new front and rear end design. It introduces a new 10-speed automatic transmission and a more powerful V8 engine. 

Corey Holter, group marketing manager for cars at Ford, says the Mustang remains the top-selling sports coupe in the world. Ford has been producing the iconic Mustang for more than fifty years. The newest model goes on sale in the U.S. this fall.