The contact owns a 2020 Ford Mustang. The contact stated while driving at an undisclosed speed, there were several unknown warning lights illuminated. Additionally, the contact noticed smoke inside the vehicle and there was smoke coming from under the hood. The vehicle was towed to the dealer where it was diagnosed with failed pistons and a blown engine. The contact was informed that the engine needed to be replaced. The vehicle was not repaired. The manufacturer was made aware of the failure and a case was filed. The contact was advised to contact the NHTSA Hotline to report the failure. The failure mileage was approximately 73,300.