(February 8, 2010) Ford’s Special Vehicle Team (SVT) engineers are taking high performance to a new level with the 2011 Ford Shelby GT500, resulting in a car that has an all-new aluminum-block engine, even better driving dynamics and handling, improved fuel economy and more horsepower than ever.

“The SVT team continues to push the performance standards of the Shelby to even higher levels and better refinement,” said Jost Capito, director of global performance vehicles and motorsports business development. “All the changes we made reflect a desire for even better handling and outstanding driving dynamics – from weight savings to improved balance.”

The 2011 Shelby GT500 is powered by an all-new aluminum-block 5.4-liter supercharged V-8 engine, which produces 550 horsepower and 510 ft.-lb. of torque, a 10 horsepower increase versus the 2010 model. The engine also is 102 pounds lighter than its predecessor, delivering a better power-to-weight ratio, improved fuel economy, acceleration, handling and steering precision.

Ford says the EPA-projected improved fuel economy of 15 city and 23 highway, will eliminate the $1,000 gas guzzler tax. This is up from 22 mpg highway and 14 mpg city for the 2010 model.

“Cutting weight to improve performance is a tradition among hot rodders,” said Carroll Shelby, founder of Shelby American. “It might not be as sexy as adding more horsepower or bigger brakes, but shaving pounds off of a car is the single smartest move you can make.”

“The Ford GT has solidified itself as one of the world’s most coveted supercars. To make improvements to the engine from this supercar and make it available in a Mustang is impressive,” said Kerry Baldori, SVT global performance vehicle chief functional engineer. “The aluminum-block engine is robust and strong enough to produce the performance numbers and durability our customers demand.”