 A new 3-speed Cruise-O-Matic automatic was optional along with the 2-speed Ford-O-Matic and manual transmission.Engines were also updated, with the 272 CID dropped, the 292 CID making 205 hp (153 kW), and a new-generation 332 CID (5.4 L) "FE" V8 rated at 240 HP in 2 barrel form and 265 HP in 4 barrel "Interceptor" form.The new 352 cubic inch V8, also dubbed "Interceptor" and rated at 300 hp (224 kW) made its debut.