Ford has revealed the new 2011 Mustang at the Los Angeles Auto Show with an all-new 3.7 liter Duratec V6 engine, which develops 305 hp and 280 ft.-lb of torque, and with a six-speed automatic gearbox it has an average fuel consumption of 30 mpg. The new Mustang also features an optional performance package with limited-slip differential, firmer suspension, bigger brakes and 19-inch wheels. Here’s a video of the 2011 Ford Mustang equipped with the new engine.