The new Ford Mustang will make its Australian track debut at the first round of the Supercars Series in March 2019 at the Adelaide 500.
While other engine configurations are eligible under the Gen2 regulations, the Mustang will continue to use the current 5.0-litre naturally-aspirated V8. Since 2011, the Mustang has won all but one of the seasons it raced under the colors of Team Penske in that competition.
Ford has also committed to releasing (in the United States this year) an ST version of the larger Explorer SUV not sold here, and to deliver 12 new Ford Performance models by 2020.
It will be the first factory-endorsed Mustang to run in Australia's top-tier touring auto championship in 33 years.More news: Tata Motors shares fall 4% after JLR's job-cut plan
"We're in partnership", said Mr Whickman, who declined to specify how long the deal would extend for.
"Having Ford on the Supercars grid with its iconic Mustang is going to be brilliant for the whole sport. Mustang is a ideal fit for our racing heritage today and tomorrow".
The Mustang - which will be the first ever two-door racer in the Supercars era - will also need to comply with Supercars' parity formula that's created to level the playing field between it, the Holden Commodore ZB and Nissan's Altima.
New-generation Ford Focus ST and RS (and potentially Fiesta RS) hot hatches are expected to follow, as is an ST version of Ford's belated Territory replacement - the Endura due here later this year - as previewed by North America's new Edge ST.
There had been speculation throughout the 2018 season that Ford would introduce a new vehicle and its leading teams such as Penske and Wood Brothers had asked for improvements to the current auto over the off-season. Don't expect to see him back behind the wheel, however. And they're not just any teams.