The famous Cobra badge has returned on the latest generation Ford Mustang that was revealed at the Los Angeles Auto Show last year. The new Shelby GT500 that will be available in both coupe and convertible versions will make its world debut at the Detroit show later this month with sales following in spring 2009. Upgrades over the standard Mustang include an aggressive bodykit, retuned sports suspension and of course, a more powerful 5.4-liter supercharged V8 that delivers 40HP more than before for a total output of 540HP and 510 foot-pounds of torque.

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