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Old 05-01-2008, 12:55 PM
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Paladin06
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Default Ford Mustang GT500KR priced at $79,995

Ford will be producing 1,000 GT500KR Mustangs this year, with another 700 in 2009, so FoMoCo is pricing the ultimate 'Stang accordingly. For $79,995 (including destination and gas-guzzler tax), you get everything included in the "standard" GT500, plus Ford Racing's Power Upgrade Package, which includes a new exhaust and a recalibrated ECU to push out 540 hp and 510 lb.-ft. of torque from the supercharged 5.4-liter V8. The only options on the ordering form are a Shaker 1000 stereo, Sirius satellite radio and a navigation system. Ford hasn't disclosed fuel economy numbers yet, but we doubt anyone willing to drop $80k on a blown V8 is troubled by topping off their own KR with $4.00-a-gallon premium. Get your orders in now; sales begin later this month.

Don't forget to check out Part 1 and Part 2 of our First Drive: 2008 Shelby GT500KR if you haven't already, as well as the galleries below that contain a number of high-res images begging to be your next desktop wallpaper.

Hit the jump for the full press release and a video of Mr. Shelby talking up the GT500KR and its history.

Gallery: First Drive: 2008 Shelby GT500KR

Gallery: First Drive: 2008 Shelby GT500KR Part 2


PRESS RELEASE

FORD SHELBY GT500KR: WORLD-CLASS PERFORMANCE FROM THE MOST POWERFUL PRODUCTION MUSTANG EVER

The 2008 Ford Shelby GT500KR is the new "King of the Road" – the most powerful production Mustang ever produced, thanks to a 540-hp supercharged 5.4-liter V-8 with 510 lb.-ft. of torque.


The 2008 Ford Shelby GT500KR is the new "King of the Road" – the most powerful production Mustang ever produced, thanks to a 540-hp supercharged 5.4-liter V-8 with 510 lb.-ft. of torque.

New GT500KR blends performance engineering expertise of Ford SVT, trackside learnings from Ford Racing Technology and ingenuity of Shelby Automobiles to deliver world-class handling and performance. The Ford Shelby GT500KR arrives at select Ford dealerships in late May.

Long live the King! The 2008 Ford Shelby GT500KR, "King of the Road" assumes the throne, taking its rightful place as the ultimate American muscle car.

The GT500KR builds on the already impressive stats of the Shelby GT500, with 40 more horsepower, an additional 30 foot-pounds of torque and an array of chassis, aero and weight-reduction measures to offer world-class performance. Engineered by Ford SVT with final assembly by Shelby Automobiles, it blends track learnings from the Ford Racing Mustang FR500C and the ingenuity of Carroll Shelby to deliver the ultimate in Mustang performance.

"Every new Shelby Mustang renews my energy and passion for performance," said Carroll Shelby, founder of Shelby Automobiles. "I'm just as excited about the 2008 KR as I was when I developed the first one. The team has done a great job with this car. It is this is truly the best Shelby Mustang we've ever built...so far."

The Shelby GT500KR is the latest in a royal lineage that spans more than 40 years, beginning with the 1965 Shelby GT350 and including the original 1968 Shelby GT500KR that provided the inspiration. Carroll Shelby has played an active role in the development of every one.

"When the names Mustang and Shelby come together, the results are never anything less than amazing," said Robert Parker, Ford Car Marketing manager. "Mustang has earned an endearing place in America's hearts, topping the sports car segment for 22 straight years. The GT500KR is sure to get those hearts pumping even faster."

Delivering the Ultimate in Mustang Performance

Just like its 1968 namesake, the 2008 Shelby GT500KR builds on the strong foundation of the Shelby GT500. Ford and Shelby designers collaborated to channel the classic KR design cues and finesse them into the iconic lines of the new Mustang. Most noticeable are the modern interpretation of the distinctive, sculpted KR hood and classic Le Mans-style striping.

The development team spent countless hours designing