Ford Mustang Boss 302R - Click above for high-res image gallery, and watch video after the jump

With all-new powertrains debuting in the 2011 Ford Mustang, you knew it was just a matter of time before a new limited-edition model was introduced. Well, it looks like that time may be next week. As you all know very well by now, the 2011 Mustang GT has the new Ford 5.0 V8 underhood. Since the new race version (above) wears the Boss 302R moniker, a new street-going Boss 302 seems like a no-brainer.

During a recent Grand-Am race, the announcers let slip that the consumer-spec Boss 302 would debut in mid-August at Laguna Seca as part of Pebble Beach week. (The exact date spinning around the rumormill is August 13.) The Boss reportedly delivers about 430 horsepower with a price in the low $30,000 range. Ford's motorsports partner, Multimatic, is apparently building some special parts for the Boss 302, but we'll have to wait until next week to find out those specifics if indeed this rumor is true. Check out the video after the jump.

[Source: YouTube]

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