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New 2008 Ford Mustang Shelby Cobra GT500KR…The Best Mustang Ever?

Ford and Shelby Automobiles announced today the launch of the new 2008 Ford Mustang Shelby Cobra GT500KR. This is the most powerful Mustang ever produced and it is inspired by the 1968 Ford Mustang Shelby Cobra GT500KR.

The "King of the Road" is powered by a 5.4L supercharged V8 producing 540 horsepower and 510 lb-ft. of torque. Power is transferred to the rear wheels through a six-speed tranny.

Ford’s SVT and Racing teams teamed up with Team Shelby to recalibrate the suspension to improve the steering and handling. The show car has 20 inch rims, but the production version will only have 18 inch rims.

Ford only plans on producing 1,000 of these uber fast Mustangs when it is introduced in Spring 2008. There also will not be a convertible model and pricing has not been released. Expect something in the $50K range. The car will be unveiled at the New York Auto Show next month.

This is the best thing Ford has going for them right now. Too bad the car doesn’t have an I.R.S. The car looks great!

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