The most powerful factory-built Ford Mustang in history will take to the street next year, following a unique collaboration between performance car legend Carroll Shelby and the Ford Special Vehicle Team (SVT).

Ford took the wraps off the 450-plus horsepower Ford Shelby Cobra GT500 show car at the New Year International Auto Show March 23. Designed in the unmistakable image of Shelby Mustangs of the 1960s, the Shelby Cobra GT500 melds SVT's modern engineering with the big-block performance that made the original GT500 the king of the road.

"The all-new 2005 Ford Mustang is one of the hottest cars in many years," says Phil Martens, Ford group vice president, Product Creation. "Its chassis was engineered from the beginning to be the basis of a high-performance, world-class sports car from SVT, and the Shelby Cobra GT500 is it."

Carroll Shelby lends his support to SVT, adapting his earlier role as a senior advisor on the "Dream Team" that was assembled to develop and build the 2005 Ford GT.

The Ford Special Vehicle Team brought performance back to Mustang in 1993. After 12 years and with nearly 80,000 high-performance Mustangs on the streets, and a total SVT vehicle production nearing 145,000 vehicles, SVT is primed for growth with the GT500 serving as the foundation for other performance Mustang projects.

By bringing together Carroll Shelby and Ford SVT, the company's commitment to performance becomes as powerful as at any time in its history - including the famed "Total Performance" days of the 1960s. From the Ford GT supercar, the GT500, to a rejuvenated Ford Racing Performance Parts program - performance and racing adds luster to its proud brand heritage.

"SVT has been and will remain the leader in performance vehicle engineering and marketing," says Martens. "SVT remains unique in offering the total performance experience. The return of Carroll Shelby to our performance family only strengthens our firepower."