2011 Mustang Vs 2010 Camaro: Ford's Six-Cylinder Offers Lower Price and More Ponies

2011 Ford Mustang

After restyling the 2010 Mustang and losing several continuous new-vehicle sales races to the hot-selling  2010 Chevy Camaro, Ford Motor Company says they've spent $155 million on its Cleveland Engine Plant to build the upgraded V-6 engine for the 2011 Mustang, according to Automotive News.

Ford Motor Company says the 3.7-liter V-6 version Mustang will start out the gate at $22,995, including shipping. The Camaro with a 3.6-liter V-6 starts at $23,530. Ford's 5.0-liter (GT) V-8 starts at $30,495, while the V-8 Camaro starts out at $31,795. Both the V-6 and V-8 engines in the Ford are all aluminum, with new six-speed transmissions.

The 2011 V-6 Mustang produces 305-horsepower and 280 pounds-feet of torque. It it expected to earn 31 mpg highway. The 2011 Mustang V-8 produces 412-horsepower and 390 pounds-feet of torque while getting 26 mpg. The upgraded ponies are expected to hit showrooms next month.

2010 Chevy Camaro

The base V-6 Camaro produces 304-horsepower and gets 29 mpg highway, while the V-8 Camaro produces a whopping 426 horses and achieves about 24 mpg. Just wondering: Will this be enough to keep the Camaro from stealing Mustang sales? Ironically, since the 2010 Mustang hit the streets, Ford has been offering incentives to move the sports car, while there hasn't been any national incentives placed on the hood of the 2010 Camaro.