Ford's base truck was christened with a new name in 1993, losing its Custom tag and becoming the XL. The name Lariat XLT was shortened to simply XLT.
Cruise control became an electronic system with the ability to increase or decrease speed by 1 MPH when the accelerate or decelerate buttons were tapped. 1992 is the first model year involved in Ford's cruise control recall, involving switches that can cause a fire at any time, no matter whether a vehicle is running or not.
The first SVT Lightning truck entered the scene in 1993. It featured a 5.8L engine with performance cylinder heads, cam, pistons, intake, headers, dual exhaust, oil cooler, and modified engine computer programming. The truck was available with a reprogrammed 4-speed automatic transmission with an auxiliary cooler. The rear axle was a limited slip unit with 4.10:1 gearing.