The 2004 Cobra was a carryover of the 2003 Cobra but with a few minor updates, including a slightly updated exhaust system and rumors of a 20+ horsepower increase over the 2003 model. The addition of a newly integrated shift light negated the $1,000 gas guzzler tax that was charged on the 2003 models. One notable new option across the entire Ford lineup was the available Sirius satellite radio; the distinguishing feature between the 2003 and 2004 factory sound systems was the "SAT" button on the 2004 system.
The 2004 Cobra was produced between November 2003 and March 2004. It was a short model year for the 2004 Terminator Cobra, as well as the entire 2004 Mustang lineup, due to a number of reasons. The 2004 Mustangs and Cobras were the last Mustangs to be built at Ford's historic Dearborn Assembly Plant in Dearborn, Michigan, and Ford Motor Company had made the decision to end Mustang production there rather than updating the plant for the 2005 models. Thus, 2004 production was scheduled to wrap up by May 2004. Another reason was the hype over the all-new 2005 Mustang, which meant that Ford needed to start production as soon as possible at the newly updated Flat Rock Assembly Plant in Flat Rock, Michigan, then known as AutoAlliance International.
Paint and Interior Trim
The 2004 Cobra was available in eight exterior paint colors, as shown in the table below. Zinc Yellow was replaced by Screaming Yellow across the Mustang lineup for 2004; however, Sonic Blue Metallic and Dark Shadow Grey Metallic were still available on regular 2004 Mustangs. The seats were upholstered with Dark Charcoal Nudo leather bolsters and suede inserts in either Dark Charcoal or Medium Graphite. Medium Parchment suede inserts were no longer offered. The Cobra emblem on the front seatbacks was embroidered in a medium graphite-colored thread regardless of the color of the suede seat inserts; however, on the Mystichrome Cobra (see the next section), this same emblem was embroidered in dark charcoal-colored thread to contrast with the special Mystichrome leather inserts. On all 2004 Cobra convertibles, the canvas convertible top was only available in black, regardless of the color and material of the seat inserts.
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