Yeah, yeah, we know you’ve seen this Ford Mustang before.  By now, no Mustang freak out there should find the FR500CJ Cobra Jet Mustang something still held as a surprise, but…there’s more to the story now.  Ford recently let loose the detail on the fact they aim to produce a 2010 Mustang flavored a la Cobra Jet as well.  The most recent purebred drag racing Mustang came straight from the stable with authentic Ford Racing parts directly from the warehouse and pumped out an eye-opening 400 horsepower with its 5.4-liter supercharged (yet detuned) V8 power plant.  Customers, racers, and fans enjoyed the 2009 FR500CJ Cobra Jet Mustang so much that Ford Racing sold the whole lot of 50 cars in under two weeks!  The upcoming 2010 Cobra Jet Mustang will likely have a sticker of $75,000 and will also be produced in limited fashion (50 vehicles).  Maybe you can be one of the lucky few who is able to pick one of these Ford Racing masterpieces up?  OK, if you can’t, be sure to check out what you’re missing in the official Press Release from Ford.

Press Release

Milan, Mich. – The 40th Anniversary 2008 Mustang Cobra Jet more than lived up to its billing, joining its historic predecessor-the original 1968 Cobra Jet in winning its inaugural race at the NHRA Winternationals in Pomona, Calif. Now, Ford Racing is ready to update the latest Cobra Jet, and is announcing plans to build a 2010 version of the CJ. The announcement was officially made today at the National Mustang Racing Association event in Milan.

A little more than a year ago, Ford Racing announced plans to build a modern edition of the Cobra Jet. The limited run of 50 cars sold in less than two weeks, even before the first car was built. Once again Ford Racing will produce a limited run of 50 2010 Mustang CJs, the minimum number that must be produced in order to receive clearance from NHRA for competition.

Exact specifications are being finalized, but the initial plan is for the ’10 Cobra Jet to have a 425-hp 5.4-liter supercharged engine from the Ford Racing Performance Parts catalog, but with an option to upgrade to an estimated 475-hp aluminum block engine. Likewise the 6-speed manual transmission that was available in the ’08 Cobra Jet will be standard, but an option to upgrade to 5-speed Liberty manual transmission or a race prepped automatic transmission will be available. Other ’10 Mustang Cobra Jet upgrades include an 8.50et NHRA certified roll cage and lightweight racing brakes.

“I’ve said from my first day in this job that I wanted Ford Racing to continue to be a ‘racer-friendly’ organization,” said Wolfe. “That’s why we take great pride in being one of only two car companies worldwide that builds ready-to-race cars and sells them as part of our performance parts offerings.”

Component testing is underway and base pricing will be less than $75,000. Production is expected to begin during the fourth quarter with delivery expected in early 2010. Sportsmen racers interested in placing a pre-order for the ’10 Cobra Jet should contact their local Ford Dealership.