Quoted from Rarehero:It is what it is. The Mustang License is still "new"...they've got 2 years left on it.
When the licence is up. Ford Motor Company most likely will not renew it. Ford holds on to their trademarked property very closely. If your company sells repo Mustang parts and Mustang is in the name of your company, Ford will be contacting you.
They went after the CFL team Calgary Stampeder's as their logo was a running horse (since 1967). Ford of Canada sponsored the CFL for many years with no complaints. Calgary changed their logo slightly to avoid the confusion. A pony car, a football team one would think that should be fine.