Bright Red. The 3rd generation Fox body Mustang was made from 1979-1993, a minor update to front and rear in 1983, the eggcrate grille gone, and again in 1985, a more aero, no grille look, then a more substantial update in 1987 saw the grille and quad headlights replaced by modern single headlights. In 1985 the Mustang was available again in coupe, hatchback and convertible. The L and Turbo GT were dropped leaving the LX, GT and SVO. Much the same for 1986, but the 5.0 V8 was now fuel injected at 200hp