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The current class of muscle cars and pony cars sure contains some strong personalities, but there's no model that has it all quite like the 2014 Ford Mustang.

While the Mustang's design goes back to 2005, Ford has subbed in world-class engines, seen the car through some serious chassis and drivability upgrades, and made the interior and features list classier and more upscale. And that puts it on very solid ground against rival models like the Chevrolet Camaro and Dodge Challenger—or for V-6 models, an expanded set that includes the Hyundai Genesis Coupe and Nissan 370Z.

What you get is a well-rounded Coupe or Convertible that can have a throaty, near-exotic V-8 exhaust note, phenomenally quick acceleration, and surprisingly deft handling, considering its aged live-rear-axle layout. Yet inside, the Mustang can be a comfortable street-cruiser, grand-tourer, or commuter, with many of the comforts, amenities, and convenience items—and yes, even active-safety...

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