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This morning, Ford announced that the mighty King of the Road Shelby GT500KR will be making a return in the spring of 2008 -- just in time to celebrate the 40th anniversary of the original. Only 1,000 of these special Mustangs will be built, and they will definitely be the fastest ones yet! The team at SVT is tweaking the 5.4L supercharged V-8 with new calibrations, a cold-air induction kit and 3.73:1 final drive ratio. The KR will be rated at 540hp/510lb-ft of torque, making it the most powerful Mustang ever.

The suspension has been recalibrated to give improved steering feel and crisper handling. An underhood cross-brace is added to improve chassis stiffness, which also helps the steering feel. Visual changes include a new carbon composite hood with scoops patterned after the original KR's and new Shelby-designed wheels. The show car is equipped with 20-inch rolling stock, while the production version sticks with 18-inch versions of the same design. The lower front valence features a pair of air intakes leading to functional ducts to cool the front brakes.

The Cobra badges will get special 40th Anniversary branding and an individually numbered plate will sit in the center of the dash to remind everyone that this car is one of only 1,000 units. There will be no convertible model and pricing won't be announced until closer to production almost a year from now, although you can probably expect an MSRP somewhere close to $50,000 and retail prices well above that. The old chicken farmer, Carrol Shelby himself, will be on hand for the unveiling in New York on Wednesday.

[Source: Ford]



2008 Shelby GT500KR
  • Celebrating the fortieth anniversary of the original Shelby Cobra GT500KR, Ford and Shelby collaborate on a new 'King of the Road' Mustang with the 2008 Shelby GT500KR.
  • Shelby GT500KR features an estimated 540-hp 5.4-liter supercharged V-8 with a Ford Racing Power Upgrade Pack, 3.73:1 rear axle ratio, short-throw shifter, and unique suspension tuning.
  • Exterior design draws inspiration from the classic Shelby KR Mustangs and features unique carbon composite hood, wheels, and special 40th Anniversary badging and unique striping.
  • Shelby GT500KR arrives in spring 2008 in an exclusive run of only 1000 units.

DEARBORN, Mich., March 30 - Ford and Shelby Automobiles are at it again, this time in celebration of the fortieth anniversary of the 1968 Shelby Cobra GT500KR. To be unveiled at the 2007 New York International Auto Show, the 2008 Shelby GT500KR-the most powerful Mustang to date-will once again mark Mustang as 'King of the Road.'

"I'm proud to once again be a part of an historical moment, bringing back the 'King of the Road' Mustang, and collaborating with Ford SVT and Ford Racing" said Carroll Shelby. "I'm committed to continuously upping the ante when it comes to performance, and it's great to be doing it with Ford." "The return of the Shelby GT500KR further establishes Mustang as the true king of the pony car segment," said Robert Parker, manager of Ford Car Brand. "With the unveiling of the new KR we are staying true to the promise we made our loyal Mustang fans to continue Mustang's prowess by bringing new, exciting and more powerful Mustangs to market."

Forty years ago, at the 1967 New York Auto Show, Ford introduced the most powerful Shelby Mustang ever. Like every Mustang that bore the name 'Shelby,' the GT500KR carries with it its own unique story.

The 1968 Shelby Cobra GT500KR was a mid-year introduction, based on the 1968 Shelby GT500. Ford added 'Cobra' to the Shelby's moniker to help usher in the beginning of a new performance era at the company. The Cobra name referred to the new 428 Cobra Jet V-8 that was planted under the KR's custom fiberglass hood. It was the engine that would once again vault the Mustang to the head of the pack.

Ford conservatively rated the 428 CJ at 335-horsepower, but in reality it made more than 400-horsepower and 440 pounds-feet of torque. The KR model was also equipped with a modified suspension and was offered both in fastback and convertible models. Ford dealers sold 1,570 GT500KR models in 1968, 1053 fastbacks and 517 convertibles.

While the name 'King of the Road' may have been the perfect fit for the world's most powerful Mustang, it also provided Shelby the chance to steal the thunder from cross-town rival General Motors. As the legend goes, Shelby learned that GM was planning to introduce a high-performance model and call it 'King of the Road.'

Since he had always wanted to use the name, and as one to never miss an opportunity, Shelby set his organization in gear, registering the name and designing new badging for the Cobra Jet-powered Mustang, christening it the GT500KR, and bringing Ford's 'King of the Road' to market before GM ever got a chance to apply the name to their product.

Thoroughbred Pedigree
Just like its 1968 namesake, the 2008 Ford Shelby GT500KR builds on the strong foundation of the Shelby GT500. Packing 40 more horses under its custom-designed carbon composite hood, the GT500KR is the most powerful production Ford Mustang ever produced.

The modern Shelby Mustang line-up started with the 2007 Shelby GT500 coupe and convertible. With the recent launch of the 2007 Shelby GT, the 2008 Shelby GT500KR becomes the third production high-performance Mustang brought to market through the relationship of Shelby Automobiles and Ford. Ford and Shelby Automobiles also partnered up with Hertz to produce a special limited run of 500 Shelby GT-H "rent-a-racer" Mustangs available only for rent.

The 2007 Shelby GT500 has been one of the most successful vehicle programs in the 14-year history of Ford Special Vehicle Team (SVT) and that success has opened the door for more performance collaborations with Shelby Automobiles and Ford Racing. Working together, these three performance powerhouses are driving Mustang momentum on the street and on the racetrack. Dealers cannot keep the cars on their lots, customers are clamoring for more, and racers are bringing home championships.

Shelby Mustangs have already achieved some impressive highlights showcasing an enthusiast demand that is unmatched in the business:
# The first 2007 Shelby GT500 available to the public sold for $600,000 dollars at the 2006 Barrett-Jackson Collector Car Auction in Scottsdale, AZ benefiting the Carroll Shelby Children's Foundation.
# 2007 Shelby GT VIN#1 also went for $600,000 at charity auction, this time at the 2007 Barrett-Jackson Collector Car Auction (and the winning bidder also took the opportunity to purchase VIN#2 at MSRP).
# Shelby GT-H coupes auctioned off to Ford dealers after completion of Hertz rental duty consistently average $50,000, with high auction bids of $90,000.

The Shelby GT500KR will be produced in an exclusive run of 1000 units and will begin arriving in Ford dealers in the spring of 2008.

Crowning the New "King of the Road"
Doug Gaffka, Ford SVT chief designer, and his team worked closely with Carroll Shelby and the Shelby team to make certain the new KR was crafted in the spirit of the original Shelby muscle car.

"This was a great effort between Ford and Shelby Automobiles," said Gaffka. "The Shelby team and I were in constant contact melding Carroll's classic design cues with some modern concepts and ideas and finessing them into the design of the new KR."

Gary Davis, vice president of production and product development for Shelby Automobiles, played a key role in defining the look of the custom designed carbon composite hood for the GT500KR. His knowledge of the original GT500KR helped sculpt a modern interpretation of the original's bulging hood scoop, a visual indication of the extra horsepower packed beneath it. The hood is secured by a pair of stainless steel, twist-down hood pins. The composite front valance houses a pair of chrome-trimmed, functional brake ducts to cool the large 14-inch, vented Brembo front brakes.

Side stripes are true to the original KR right down to the font used for the 'GT500KR' lettering, while the classic LeMans-style striping that races down the center of the car has been deleted between the leading forward edge of the hood scoops and the front of the hood, accenting the scoops and giving the KR its distinctive face. "That was Shelby's idea," said Gaffka. "It's a special touch that adds some down-the-road differentiation. There will be no doubt that it's a 'King of the Road' Mustang that's filling up your rearview mirrors."

The show car wears exclusive, Shelby-designed 20-inch, forged, polished aluminum wheels with special custom center caps, mounted on Pirelli rubber. Production models will arrive with an 18-inch version of the design.

Each KR model is identified by special 40th Anniversary KR badges on the fenders and grille, distinctive body colored mirror caps and Shelby lettering stretching across the front of the hood and along the rear portion of the deck lid. A special Shelby VIN tag is affixed to each vehicle, mounted in the engine compartment.

The all-leather interior features Carroll Shelby signature embroidered headrests and an official Shelby CSM 40th Anniversary GT500KR dash plate mounted at the top of the center stack.

The KR's 5.4-liter V-8 Gets the Royal Treatment
Just like its namesake, the 2008 'King of the Road' packs a walloping dose of Ford performance power under its massive composite hood scoops. The Ford SVT-engineered 5.4-liter supercharged V-8 is treated to a Ford Racing Power Upgrade Pack that boosts horsepower to an estimated 540 and torque to 510 ft.-lbs., thanks to revised ignition and throttle calibration and a cold air intake system that replaces the stock unit.

Calibration modifications include advancing the ignition timing as well as re-mapping of the electronic throttle settings to provide quicker throttle response for better off-line and mid-range acceleration. Increased throttle response will be met with a sharper roar from the Ford Racing-inspired exhaust system.

Power is delivered to the rear wheels through a Tremec TR6060 six-speed manual transmission and 3.73:1 rear axle ratio, upgraded from the standard GT500's 3.31:1. Gear selection is courtesy of an all-new Ford Racing short-throw shifter making its debut on the KR. Topped with a white ball, the new shifter is 25 percent shorter than the unit on the GT500 providing for crisper, sharper shifts.

Ford SVT, Ford Racing and Team Shelby worked together to develop the KR's suspension tuning. Based on initial work by Ford Racing and the team at Shelby, often at Shelby's own facility on the grounds of Las Vegas Motor Speedway, Ford SVT chassis engineers will apply fine tuning techniques to prepare it for the streets.

"The production Shelby GT500 was maximized to deliver the perfect balance between ride and handling," said Jamal Hameedi, chief nameplate engineer, Ford SVT. "In that same ride versus handling continuum, the KR will lean heavier towards all-out handling while still making it drivable on the street."

Chassis engineers worked closely with the engine department in a holistic approach to the development of the KR, tuning the suspension to best optimize the engine enhancements.

"We aren't fixing our attention on one or two attributes, but working on the vehicle as a whole," stated Gary Patterson, vice president of operations for Shelby Automobiles. "The throttle response, power delivery, exhaust note, and handling should all gel together to deliver a total driving experience."

The GT500KR will feature unique spring rates, dampers, stabilizer bars, and strut tower brace, all designed specifically for the KR, to deliver the precision handling package.

Mustang Momentum Cannot be Stopped
Unwilling to wait for the impending pony car war to heat up, Ford is extending Mustang's leadership position by feeding the enthusiast demand for more models, features, performance parts, and special editions. Ford has committed to at least one new Mustang 'feature' vehicle per year. For 2007, it is the Shelby GT, and for 2008, there will be at least two including the Shelby GT500KR and the previously announced Mustang Bullitt. Ford's 'Steed for Every Need' strategy currently offers four horsepower options for Mustang, with pricing from $19,995 for a 240-hp V-6 Mustang coupe to $46,500 for a 500-hp Shelby GT500 convertible.

Ford has also introduced several special packages on Mustang further increasing its unique offerings, including the Pony Package and the California Special. In addition, Ford Racing offers a complete catalog of performance parts for Mustang fans, from custom wheels and exhausts to the complete, turn-key Ford Racing Mustang FR500C race car.

As a result, Ford offers Mustang enthusiasts the ability to buy, modify and drive the steed that perfectly fits their need.

About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With more than 280,000 employees and more than 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo, Aston Martin and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.fordvehicles.com.

About Shelby Automobiles, Inc.
Founded by legend Carroll Shelby, Shelby Automobiles, Inc., manufactures and markets performance vehicles and related products. The company manufactures authentic continuation Cobras, including the 427 S/C, 289 FIA and 289 street car component vehicles. In 2007, the company partnered with Ford Motor Company to launch the new Shelby GT, which is based on the Mustang. For more information about Shelby Automobiles and to see the build of a 2008 Ford Shelby GT500KR, visit www.shelbyautos.com.

2008 Ford Shelby GT500KR – Specifications and Design Highlights
# 5.4-liter supercharged V-8 producing an estimated 540-horsepower and 510 ft.-lbs. of torque
# Ford Racing Power Upgrade Pack featuring revised calibration and cold air intake system
# 6-speed manual transmission with 3.73:1 rear axle ratio
# Ford Racing performance exhaust system
# Unique performance suspension tuning: springs, dampers, and stabilizer bars
# Shelby-designed 'GT500KR' 20-inch wheels (18-inch version for production)
# Ford Racing short-throw shifter and front strut tower brace
# Unique carbon composite hood featuring classic Shelby 'KR' design
# Front brake cooling ducts
# 'Shelby' lettering across the front edge of hood and rear decklid
# 40th Anniversary badges on the front quarter panels
# Carroll Shelby signature embroidered headrests and floor mats
# Official Shelby CSM 40th Anniversary GT500KR dash plate

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    • 1 Second Ago
      • 8 Years Ago
      First off, Shelby GT500s and 500KRs were always about straight line power. The GT350s and Cobras were the road cars.

      Ford does plan on a new Bullitt Mustang that will be more focused towards the road racer and while I'm not sure what engine it will have, I'd bet it will get a normally aspirated 4 cam engine.

      As far as the IRS, I've said that before here, you don't need it if the surface of the track is smooth. IRS shines if you do massive geometry changes to camber or if you're on a non-smooth surface. The Torque arm/Panhard bar setup in the Mustang works very well and with slightly stiffer pieces can be made to handle very well. I run a similar setup in an old Fox Body Mustang and so do many of the guys who run NASA road racing, some of the fastest times were put down by Mustangs in that body of road racing- faster than many of the Porsche's and other "world class" handling cars.
      • 8 Years Ago
      so its a fully loaded shelby 500 that will go for at least $30k more...

      kinda like the shelby gt is an optioned up mustang gt for at least $10k more...

      im not impressed, these "special versions" that are mechanically identical to lower priced non-limited edition cars have got to go.

      to me its a horrible misuse of the shelby badge, that should be reserved for cars with new engines, significantly lower weight or a completly overhauled suspension.

      that being said, 540hp, HOLY@#$%
      • 5 Years Ago
      1970 Boss 429 Lawman was the most powerful Mustang made....she rode out at 1400 HP
      • 8 Years Ago
      It looks good.

      But I have to ask... Why another 50k$ mustang?

      They have the GT and V6 models, The Shelby GT is very limited production above the Mustang GT. The Shelby GT500 is WAY more expensive than a Mustang GT, and the GT500KR is above that. Saleens are also in the Mustang Stratosphere, and the Parnelli Jones is above that, and limited edition.

      With the rarity of the Shelby GT, why is there not a Mach 1, Boss, or Bullitt, or something in the 32-40k price range? Something more than a GT, but less (less weight, especially) than a Shelby GT500?

      and for pete's sake... why no IRS?

      How many new editions of a 4000lb, live axle, 50k$ Muscle car do we currently need from Ford?

      And I want a sleek Mercury coupe on a lightened IRS and SLA-front suspension-equipped mustang platform. Something to obliterate the G37, and offer a V8 in a less expensive, and more agressive looking than the M3 concept.

      Other than that. snooze-fest. I used to be a mustang FREAK. Now I am kinda bored by fifth-verse-same-as-the-first.
      • 8 Years Ago
      mk, this car the GT500 KR, the GT500 and Shelby GT will bring in a ton of money at an auction in 20-30 years. Just wait.
      • 8 Years Ago
      Towards the end of the press release, it notes, "...with pricing from $19,995 for a 240-hp V-6 Mustang coupe..."

      The V6 in the 2005-Current Mustang is rated at 210hp. To totally jump to a perhaps illogical thought, did they accidentally include the new hp rating for the 'Stang when they put the new 3.5L V6 in it? Or maybe just a typo...

      The KR is nice. I still would rather have seen a Cammer-powered Bullit or Boss 302. I'd like to believe the rumors pointing to the Boss for next year keep interest pegged before the 2009 face-lift
      • 8 Years Ago
      Why does Ford still pout that ugly upright antenna on this car, can't they develop a way to integrate it into the back window or something. Just makes it look cheap to me.
      • 8 Years Ago
      Clowns, clowns, clowns...

      Thats all i have to say...Some guys dnt know how to appreciate the significants of a true muscle car and the importances of its look...Keeping it as close to originals and modyfying it further but not changing it complete, shows that this specific car can servive the test of time...

      The engine, the weight, the look is all relevant to surviving time ans as for those who think this car is only good for going in a straight line, perhaps i should give u lessons on how to take corners....


      • 8 Years Ago
      The car looks absolutely amazing. It's nice that they added some power and addressed the handling a little bit. It'd be really nice if they shaved off a few hundred pounds... but that would really shoot the price of the car up.

      As for why no IRS, I can think of a couple reasons. #1, keep costs down. #2, since when have poney cars been about handling? Mustangs, Cameros, Chargers, etc. have always been about straight line, grudge matches at the drag strip. Sure, Shelby had some Cobras that road raced way back in the day. And the current Mustang races in the Grand Am series (and does very well). But when you think Mustang/Camero, you think straight line. You want handling? Go buy a Vette. The solid rear is better for launching than an IRS.

      With all that said, I'd never buy a Mustang because it's too heavy and doesn't handle well enough; I like my road courses!
      • 8 Years Ago
      To post #19, this is a quote from David Empringham who was driving the mustang. The track isn't exactly twisty.

      "I certainly knew that Billy would be strong. Certainly the advantage goes to the Mustang on this track, and we need to take the advantage whenever we can get it. We go to short tracks and it flip-flops the other way, and Bill’s a tough car to beat. Here we had an advantage and we’ll take it and we had to fight against the other Mustangs."
      • 8 Years Ago
      If it's not good enough to get a proper rear end, it's not good enough to be a proper sports car.
      • 8 Years Ago
      Looks good. Shame about that live axle.
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