Without a doubt, the Mach 1 is the greatest version of the Mustang that isn't a Shelby.

After releasing camouflaged photos of the latest Mustang variant two weeks ago, the Blue Oval has officially brought back the Mach 1 name for the Mustang after a 17-year absence. The new Mach 1 will serve as the highest performance factory variant of the Mustang to date thanks to its upgraded 5.0-liter V8, Shelby GT350-derived components, and track-tuned chassis and body.

2020 Ford Mustang Mach 1 returns as track-tuned pony car image

The 2020 Mach 1 harks back to the classic look of the original first released back in 1969. It gets a shark nose-like front grille with a deep 3D mesh that gives it an aggressive look. With the Handling Package fitted as standard, the Mach 1 also gains a high-downforce front splitter, new front wheel lip moldings, a low-gloss magnetic swing spoiler with a Gurney flap, and rear tire spats borrowed from the Shelby GT500.

Other exterior enhancements present on Mach 1 include black accents throughout the body, new 19-inch aluminum-alloy wheels which are a modern reinterpretation of the classic Magnum 500 style wheels, Satin Black side, and hood stripes, and new-style valences and side grilles.

2020 Ford Mustang Mach 1 returns as track-tuned pony car image

As mentioned, the Mach 1 comes with an upgraded 5.0-liter Coyote V8. Instead of just cranking out 466 PS, the Mach 1 delivers 20 more horsepower at 486 PS. The increase in power was made possible thanks to the use of Shelby GT350-derived parts. These include the intake manifold, oil filter adapter, and engine oil cooler which increased engine oil cooling capability by 50%. Torque, on the other hand, remains the same at 570 Nm.

Manual enthusiasts will be glad to know that the Mach 1 has a proper six-speed manual gearbox as standard. But unlike normal six-speed manuals, the one on the Mach 1 is a Tremec 3160 which is derived from the Shelby GT350. It comes with a rev-matching system, a transmission oil cooler, a twin-disc clutch, and a short-throw shifter for better performance.

2020 Ford Mustang Mach 1 returns as track-tuned pony car image

Prefer an automatic for the Mach 1? Ford also made the 10-speed SelectShift automatic available as an option and it comes with an upgraded torque converter, unique gear calibration for better torque capability, and an air-to-oil cooler which increases cooling capacity by 75%.

As for handling and chassis upgrades, Ford fit the Mach 1 with the following: latest Magneride calibration, stiffer sway bars, and front springs, Michelin Pilot Sport 4 tires, a new rear subframe with stiffer bushings, a rear toe-link derived from the Shelby GT500, and a stiffer steering shaft.

2020 Ford Mustang Mach 1 returns as track-tuned pony car image

“Bold styling, great acceleration, and speed – Mach 1 says it all. This is one of those special Mustangs that truly brings a smile to the faces of our owners, enthusiasts, and fans – including me – so there’s never been a better time to bring back Mach 1 and have it go global too,” said Jim Farley, Chief Operating Officer at Ford.

Like the original Mach 1s from before, this new version slots between the Mustang GT and the high-performance Shelby models. Will it be available here in the Philippines? Well, Farley did say that it's going to be a global model so we're hoping that it will actually be available here soon.