2010 Ford Mustang Shelby GT500 dyno tested, lives up to it's 540hp rating

It's no surprise that the new GT500 is fast, but it's also no surprise that someone was going to throw the thing on a dyno to confirm rated horsepower. It's a practice that's been going on for many many years, back to when manufacturers underrated power numbers to keep insurance cheap for car buyers.

And some things never change. 5.0 Mustang & Super Fords strapped a 2010 Shelby GT500down and the results were better than expected. The Mustang belted out a stout 478.53 horsepower and 470.43 lb-ft torque at the rear wheels on a hot and muggy day in Florida. The traditional calculation of allowing a 15% loss of power through the drivetrain puts flywheel horsepower at over 560hp.

Iacocca 45th Anniversary Edition Ford Mustang revealed

Last night Lee Iacocca himself pulled back the curtain to reveal a car built to celebrate his legacy and importance to the automotive industry, the 45th Anniversary Edition Ford Mustang.

Unlike most tuner Mustangs, this version isn't just a bolt on body kit and some bolt on engine mods. The design is a rework of the entire car's lines, and it comes off rather untacky and clean.

The first example sold last night for a hefty sum of $125,000. If you want one, only 44 more examples will be built.

Ford releases 2010 Mustang customizer

Ford has released an online customizer for it's 2010 Mustang. You can customize your Mustang in virtually any way possible, including trying out different hoods, louvers, scoops, spoilers, grilles, wheels, and stripes. You can even decide the size of your car's burnout. Check it out here.