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Z-man is correct. The last gen Cobra had an IRS. I am guessing for cost cutting measures, and from listening to the general public, Ford ditched it in favor of a stronger solid axle.
I used to be pretty big into the Mustang. I had an SN95 platform GT (1995) and still have my 1966 Mustang. The emphasis for these cars is still definitely the 1/4 mile. I had some Steeda parts on my GT that made it actually handle pretty decently.
Say want you want about the "pony" cars, but you can hammer the hell out of them and they just keep on ticking. There is no way I'd do some of the starts in my 911 that I used to do in the Mustang.
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