New Shelby GT350: 2011 Mustang GT 5.0 V8 Supercharged to 500 Ponies

As expected, it didn't take long for Shelby to introduce its latest take on the new 2011 Ford Mustang GT that signals the return of a 5.0-liter V8 engine. The launch of the Shelby GT350 in concept form took place at the Barrett-Jackson Auction Opening Night Gala in Arizona and coincided with the 45th anniversary of the first 1965-1970 GT350 and first Shelby big block Cobra.

The Shelby GT350 will be a post title program meaning that a customer purchases a Mustang GT and then the car is shipped either by a Ford dealer or the buyer himself to Shelby's Las Vegas facility for conversion.

Once the car arrives at the factory, Shelby's team start working on the Mustang to turn it into a GT350. The package includes a Ford Racing supercharger that boosts the new 5.0 V8 to around 500 horsepower, a set of Baer Brakes and 19-inch Cragar alloys in Goodyear tires.

In addition, the GT's suspension is upgraded with new Ford Racing springs, struts, sway bars and adjustable caster/camber plates, as well as a sport exhaust system with center-exit tail pipes..

In terms of appearance, the car receives a new front fascia, tail light trim, front splitter, rear deck lid filler panel and rear fascia plus functional scoops on the side rockers and hood, and the necessary badges.

Inside, Shelby ads a plaque on the lower center console while the A pillar carries a fuel pressure, oil pressure and boost gauge for a "Fast and Furious" look (...).

Aside from the cost of the base Mustang GT, those interested will have to write a cheque for $33,995 to Shelby pushing the total price to somewhere around $62,000 to $65,000 (assuming that the 2011 Mustang GT will maintain the current model's pricing).