2011 Ford Mustang GT Daytona 500 Pace Car - Click above for high-res image gallery

Yesterday, word came in that the 2011 Ford Mustang GT would be the official pace car for the 2010 Daytona 500. It's the first time that Ford's pony car will perform the field pacing duties for " The Great American Race" and the first time in 40 years for a Blue Oval product.

While we initially reported that just one Mustang pace car would be built, Ford announced today that they will produce a limited run of just 50 cars to be sold to the public. Each will feature a Daytona 500 paint scheme, specially painted wheels, a unique interior, and several parts from the Ford Racing catalog including the suspension, strut tower brace and mufflers. For those interested in the real thing, Ford will be auctioning off the actual pace car at Barrett-Jackson later this week. As has become custom, all proceeds of the sale above the car's MSRP will be donated to charity. In this case, the Juvenile Diabetes Research Foundation will benefit from the generous bidders. Hit the jump for the press release or check out the new high-res photos in the gallery below.


Related Gallery2011 Ford Mustang GT Daytona 500 Pace Car

[Source: Ford]


PRESS RELEASE:

DEARBORN, Mich., Jan. 19, 2010 – For the first time ever, American's favorite muscle car will pace 'The Great American Race.'

For the first time in 40 years, a Ford Motor Company car will be pacing the field for the NASCAR season-opening Daytona 500 when the 2011 Mustang GT, powered by the all-new 5.0-liter V-8 engine, officially starts the race on Feb. 14 at Daytona International Speedway.

"Having the opportunity to pace America's biggest auto race with a Ford icon like the 2011 Mustang GT is truly an honor," said Jamie Allison, director, Ford North America Motorsports. "And to have the new 5.0-liter engine powering the car will be a great way to demonstrate its power and class-leading fuel economy."

This latest version of Ford's legendary muscle car will be a Race Red glass roof coupe with an all-new 5.0-liter V-8 engine capable of producing 412 horsepower, while delivering a class-leading 25 mpg on the highway.

The one-of-a-kind model will feature a special Daytona 500 paint scheme, Ford Racing suspension, strut tower brace and mufflers, unique painted wheels, and special interior treatment, including specially branded lit sill plates.

The 2011 Mustang GT Daytona 500 Pace Car model is one of only 50 special editions that will be built and sold to the public.

"Everybody loves Mustang," Allison continued. "That was evident last year from the fan reaction when we announced it was going to be our new model in the NASCAR Nationwide Series starting later this year. This is just another way to showcase a true American icon in its most natural environment."

The last time a Ford served as pace car for the Daytona 500 was 1970 when a Ford Torino GT convertible led the field to the green flag.

And while Mustang may be a rookie when it comes to pacing the Daytona 500, its 45-year history is firmly entrenched in racing and winning championships. Mustang captured championships last year in the Grand-Am KONI and SCCA SPEED World Challenge, in addition to leading Robert Hight to his first NHRA Funny Car championship.

Another element that makes this year's pace car even more unique is that it will be auctioned off for charity before the actual race. Later this week (Jan. 23), the Mustang GT Daytona 500 Pace Car will be offered at the annual Barrett-Jackson Scottsdale Collector Car Auction, which is taking place in Scottsdale, Ariz. Seven-time Daytona 500 champion Richard Petty, the newest member of the Ford Racing family, will be on site to help hand over the car to the winning bidder.

All proceeds over the manufacturer's suggested retail price from the pace car auction will go to help cure childhood diabetes through a donation to the Juvenile Diabetes Research Foundation.