The 500-hp 5.4-liter V8-engined Shelby GT500 is the most powerful production Mustang yet.
If you're a driving enthusiast, you owe a huge debt of gratitude to the Ford Mustang. Once that pony car hit the market in 1964, affordable and stylish performance was finally in reach for the average American. Even though early versions weren't exceptionally fast, it didn't take long for Ford to pump the car up with some real muscle. Shortly after the first 'Stang hit the streets, Ford teamed up with racing legend Carroll Shelby to produce the high-performance GT350. Two years later, the fierce Ford Shelby GT500 showed up, equipped with a 428-cubic-inch big-block V8.

Only a few thousand of the original Ford Shelby GT500s were built from 1965-'70, and they've remained very popular with Mustang enthusiasts and collectors. (Although it was disfigured with a modern body kit, one of the more visible vintage GT500s was the silver replica Nicolas Cage drove in the remake of Gone in Sixty Seconds.) Hoping to build on this heritage, Ford recently introduced a new Shelby GT500. It's based on the ninth-generation Mustang and is the most capable production version ever built.

Current Ford Shelby GT500

The new Ford Shelby GT500 debuted for the 2007 model year. Under its hood is a supercharged 5.4-liter, iron block, aluminum-head V8 that makes 500 horsepower at 6,000 rpm and 480 pound-feet of torque at 4,500 rpm. A Tremec six-speed manual gearbox routes all that through a limited-slip solid rear axle. No automatic transmission is available. At the test track, we recorded a 4.6-second 0-60 run and a quarter-mile time of just 12.8 seconds.