UPDATE: Check out the video of the original Mustang Shelby GT500KR after the jump.


We reported earlier this week that Ford will be debuting a new special edition Mustang this week live on television during the Barrett-Jackson Auction in Palm Beach. The first one in a series of 500 will be auctioned off with proceeds going to the Carroll Shelby Children's Foundation. While we're sure Ford wanted to keep it a secret until the weekend, Car and Driver is reporting that Ford will debut the 2008 Ford Mustang Shelby KR at the New York Auto Show next week, leading us to believe this Shelby special edition will be the one on sale at Barrett-Jackson this weekend.

The original KR dates back to 1968, when a special edition of the '68 GT500 was sold as "King of the Road", complete with a set of extra flared nostrils. The new model, according to C&D, will unfortunately not feature a version of the long awaited "Boss" motor that's slated to become a HEMI-killa in the Ford lineup. Not much else is known about the Mustang Shelby KR, except that it will likely feature a honkin' pair of intakes on the hood. Here's hoping they're functional and not just for show.

While we're happy the mystery Mustang isn't something so expected as a Shelby GT Convertible, which was our guess, we're a little disappointed it's not the Bullitt edition, too.

Thanks for the tip, Drew!

[Source: Car and Driver]