This second series was sold in parallel with the AU II series Falcon of 2000–2001, which benefited from structural and interior upgrades.
The TE50, for example, could now be had with the previous car's suede-velour interior or a new leather trim with either red or blue inserts and embroidered logos, matched to the Momo steering wheel, gear knob and door trim.
In addition, bumper inserts and rear wing were a delete option.
For the first time, these models could also be optioned with satellite navigation.

Body
The look of the T2 was revised side skirts bearing each model's insignia, and accent grey inserts on front and rear bumpers.
The TE50 now featured the Falcon XR's rear wing as standard, while the TS50 still carried a low-profile model as standard.
Wheels sizes did not differ although any model could now be optioned with the new Azzurro 18-inch wheels.
The following new colours were introduced: Venom Red, Narooma Blue (which replaced Galaxy Blue midway through the series) while Liquid Silver and Sparkling Burgundy were dropped.

Mechanicals
All these T-Series models now featured the 220 kW (300 hp) engine previously reserved for the TS50.
In addition, the latter could now be had with a 5-speed manual transmission.
The TE50 was downgraded to Falcon XR8 brakes, with the Premium package becoming optional.

Performance
TE50
0–100 km/h (0-62 mph) in 6.7 seconds
0-400m (1/4 mile) in 14.7 in seconds
Build Numbers
TE50: 141
TS50: 46
TL50: 12
This second series was sold in parallel with the AU II series Falcon of 2000–2001, which benefited from structural and interior upgrades. The TE50, for example, could now be had with the previous car's suede-velour interior or a new leather trim with either red or blue inserts and embroidered logos, matched to the Momo steering wheel, gear knob and door trim. In addition, bumper inserts and rear wing were a delete option. For the first time, these models could also be optioned with satellite navigation.
Body
The look of the T2 was revised side skirts bearing each model's insignia, and accent grey inserts on front and rear bumpers. The TE50 now featured the Falcon XR's rear wing as standard, while the TS50 still carried a low-profile model as standard. Wheels sizes did not differ although any model could now be optioned with the new Azzurro 18-inch wheels. The following new colours were introduced: Venom Red, Narooma Blue (which replaced Galaxy Blue midway through the series) while Liquid Silver and Sparkling Burgundy were dropped.
Mechanicals
All these T-Series models now featured the 220 kW (300 hp) engine previously reserved for the TS50. In addition, the latter could now be had with a 5-speed manual transmission. The TE50 was downgraded to Falcon XR8 brakes, with the Premium package becoming optional.
Performance
TE50
0–100 km/h (0-62 mph) in 6.7 seconds
0-400m (1/4 mile) in 14.7 in seconds
Build Numbers
TE50: 141
TS50: 46
TL50: 12
Tickford Vehicle Engineering