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Racing takes on many forms in the automotive world. There are sanctioned events that are as varied and diverse as NASCAR, Formula One, Global Rallycross and drag racing, and to be good enough to win competitively in one discipline, you need to have a specialized vehicle. Or do you?

Ford might be stepping away from the NHRA, but it isn't abandoning drag racing altogether. Hot Rod says that Ford confirmed a next-gen Cobra Jet factory drag racer is in the works, but the report also speculates that a new Cobra Jet could switch away from the Mustang nameplate.

Last year at SEMA, Chevrolet absolutely stole the show with its COPO Camaro Concept. Not to be upstaged by their Bowtie counterparts, the boys over at the Blue Oval have countered with the car you see here, the Mustang Cobra Jet Concept. Built by Ford Racing and based on the 2013 Mustang Cobra Jet, this one-off racer features a pair of twin turbochargers attached to a 5.0-liter V8 using the same technology as Ford's EcoBoost engines.