With the minds from Ford's SVT (Special Vehicle Team) unit and the legendary Carroll Shelby working together on this project, it was almost certainly a guaranteed success. The result of this collaboration will surely put goofy grins on the faces of Mustang and power lovers everywhere: 450 horsepower, 450 lb.-ft. of torque (oh yeah, baby!), Brembo calipers, 19-inch alloy wheels, and a price that should be in line with that of the previous Mustang Cobra model. And according to project designers, the 2006 Ford Mustang Shelby Cobra GT500 "will be the most powerful production Mustang ever built."

American muscle lives.

The 2006 Ford Mustang Shelby Cobra GT500 is another example of what's working with domestic car companies. Designers of the new Shelby Cobra GT500 have constructed a standout product that is obviously desirable but lacking representation in the market place. And, unlike other domestics that create and push high-powered versions of cars that already don't sell, the new Shelby Cobra GT500 is based on a vehicle that consumers want so much that they're willing to wait for it and pay sticker price or more. That's important, in a time when domestic share of the automotive market continues to decline and when domestics are often forced to offer significant incentives -- the success of an the home-built Mustang is extremely significant. And the fact that Ford sees benefits in devoting time and resources to create a more expensive model, the Shelby Cobra GT500, further validates the idea that Americans will buy appealing domestic cars. Lastly, both the regular Mustang and the Mustang Shelby Cobra GT500 show that the muscle car segment is alive and prospering.

And Ford plans to make the most of it by offering a competitive price. Though officials at Ford are tight-lipped on pricing for the 2006 Mustang Shelby Cobra GT500, they do say that pricing will be in the same range as the previous Cobra, which had a starting price in the mid $30s. However, since the new model is better in most every way, we expect pricing to start at least in the high $30s. Regardless of the price, you can rest assured that rebates and special financing will not be available.

It would be insane to offer a discount on a car that has a supercharged 5.4-liter, 32-valve V8 with Ford GT cylinder heads and will, according to Ford, create horsepower around 450 and torque at 450 lb.-ft. Managing all of that oomph is a six-speed manual transmission, and controlling the ride is an independent MacPherson strut front suspension and a multi-link live setup in the rear. Front and rear stabilizer bars are standard, as are 19-inch alloys wrapped in 255/45 tires. Slowing it all down are cross-drilled discs (14-inch front, 13-inch rear) with Brembo calipers. Building the 2006 Mustang Shelby Cobra GT500 is really a no-brainer for Ford. The 2005 Mustang has been a huge success so far, so much so that the company has had to ramp up production. And both SVT and Shelby fans are numerous and anxiously awaiting the arrival of new products. And with the only real muscle car competitor being the 400-horsepower Pontiac GTO, Ford's got plenty of room to play with their Mustang lineup, and that includes adding the Shelby Cobra GT500. As long as Ford doesn't misstate power ratings as they've done with past Cobra models, the company will likely have little trouble selling as many as they choose to build.

--By Thom Blackett