Designed to celebrate the 40th anniversary of the original “King of the Road” Mustang, this hardtop-only coupe (no convertible model is planned) has been massaged by SVT to get a full 540 horsepower/510 pound-feet of torque out of its 5.4-liter supercharged V-8.

In addition to the Ford Racing Power Upgrade Pack (cold air intake, various ECU tinkerings), the car receives a bunch of other performance parts, including a short-throw shifter, low-restriction exhaust, a Shelby KR-style carbon-fiber hood, a strut tower brace, and so on.

Brakes will stay stock, save the addition of some cooling ducts, but the suspension receives a whole host of upgrades, including revised springs, dampers, and stabilizer bars. The new bits will be shrouded by Shelby-designed 18-inch GT500KR wheels (the showcar seen here has 20-inch wheels).

While the company declined to put a sticker price on the car, given its upgrades on a standard GT500, it’s reasonable to assume that the car will likely sell for around $50k—provided your dealer has one available.

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

For more info and pics click here

And check out the 2008 Ford Expedition Funkmaster Flex Edition here