It will be the first factory-endorsed Mustang to run in Australia's top-tier touring auto championship in 33 years.
"This is a landmark day for Australian motorsport and the teams involved", he added.
Ford hasn't won a top-level Nascar title since 2004 when Kurt Busch triumphed in a Taurus.
We have previously talked about how the Ford Mustang won the 2017 sales race in the United States among sporty 2-door models, but today, the Motor Company announced that the Mustang was the bestselling sporty 2-door in the world for the third-straight year.
Ford Mustang is available as convertible and as fastback.
Ford teams DJR Team Penske and Tickford Racing have been exploring the possibility of ditching the out of production Falcon since 2016, but faced the possibility of developing and campaigning the cars without factory support.
So apart from the return of official Ford backing to the Australian Supercars Championship under the Ford Performance banner, the Blue Oval performance brand's involvement with the Mustang will remain limited to a number of chassis and engine parts.
"That's what's being worked on at the moment along with all the other technical feasibility pieces". What is confirmed is that the Mustang, which will run a V8, will be ready to race at the Adelaide 500 (the first round of the season). It has taken Team Penske to four owner's championships in the last five years and carried Ricky Stenhouse Jr. to consecutive driver's championships in 2011 and 2012.
"Throughout the entire history of this team, we've never run anything but a Ford, and this announcement today is fantastic". Built in Germany and based on the highly-praised seventh-generation Fiesta - the current World Rally Champion with Ford Performance partner, UK-based M-Sport - the 2019 Fiesta ST is powered by a 147kW [i] three-cylinder turbocharged engine from Ford's award- and race-winning EcoBoost engine line-up, matched exclusively to a six-speed manual transmission.
"It's great to be back in the Ford fold, and we'll continue to ensure that we give Ford - and its millions of fans - something to cheer about".