* Celebrating the fortieth anniversary of the original Shelby Cobra GT500KR, Ford and Shelby collaborate on a new �King of the Road� Mustang with the 2008 Shelby GT500KR.

* Shelby GT500KR features an estimated 540-hp 5.4-liter supercharged V-8 with a Ford Racing Power Upgrade Pack, 3.73:1 rear axle ratio, short-throw shifter, and unique suspension tuning.

* Exterior design draws inspiration from the classic Shelby KR Mustangs and features unique carbon composite hood, wheels, and special 40th Anniversary badging and unique striping.

* Shelby GT500KR arrives in spring 2008 in an exclusive run of only 1000 units.

DEARBORN, Mich., March 30 - Ford and Shelby Automobiles are at it again, this time in celebration of the fortieth anniversary of the 1968 Shelby Cobra GT500KR. To be unveiled at the 2007 New York International Auto Show, the 2008 Shelby GT500KR�the most powerful Mustang to date�will once again mark Mustang as �King of the Road.�

�I�m proud to once again be a part of an historical moment, bringing back the �King of the Road� Mustang, and collaborating with Ford SVT and Ford Racing� said Carroll Shelby. �I�m committed to continuously upping the ante when it comes to performance, and it�s great to be doing it with Ford.� �The return of the Shelby GT500KR further establishes Mustang as the true king of the pony car segment,� said Robert Parker, manager of Ford Car Brand. �With the unveiling of the new KR we are staying true to the promise we made our loyal Mustang fans to continue Mustang�s prowess by bringing new, exciting and more powerful Mustangs to market.�

Forty years ago, at the 1967 New York Auto Show, Ford introduced the most powerful Shelby Mustang ever. Like every Mustang that bore the name �Shelby,� the GT500KR carries with it its own unique story.

Full Article with the new 2008 Ford Mustang Shelby GT500KR King of the Road and some incredible photos you can find here:

2008 Ford Mustang Shelby GT500KR King of the Road

I'd not seen details of this latest collaboration, so thanks for flagging it up. The pictures look fabulous, can't wait to see the real thing.

That looks, AMAZING. I have always been a huge fan of Mustangs, don't own one yet but some day in the future I definitely will. Can't wait to see one of these on the road.