On April 17, 2014, Ford will celebrate 50 years of the Mustang, and although we’ve featured plenty of stories about America’s original pony car, there are always interesting things worth finding out.

This is where the latest Jay Leno video comes in, as the comedian invited legendary auto executive Lee Iacocca and author Bob Fria to talk about the Mustang.

In the presence of the Mustang 1 concept and the very first pre-production Mustang with serial number 1, Iacocca and Fria recall how the pony car came to life, with The Henry Ford’s museum curator Matt Anderson also telling the story of the Mustang 1 concept. Despite the name, the study doesn’t have much in common with the production car, as you’re about to find out from the video.

The second part of the 25-minute video has Leno talking with Mustang chief engineer Dave Pericak about the new features of the 2015 Mustang in the presence of a 2015 Mustang GT hand-built prototype.

By Dan Mihalascu

VIDEO