Ford's drag-racing mystery car revealed

By AutoFOXBusiness

Ford EVP: Mustang is the best-selling sports car in the world Automotive Editor Gary Gastelu talks to Ford Executive Vice President Jim Farley about production of the 10 millionth Mustang, mounting trade tensions, improving fuel economy and Tesla CEO Elon Musk considering taking his company private.

Ford's mystery car is a mystery no more.

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The automaker confirmed the rumors Thursday when it revealed the 2018 Mustang Cobra Jet ahead of the Woodward Dream Cruise in Detroit.

The limited-edition turnkey race car, according to Ford Performance, is the fastest drag-racing Mustang ever, "capable of covering a quarter-mile in the mid-eight-second range."

Ford said it will begin taking orders Thursday. Prices start at $130,000.

Factory-provided performance upgrades include an NHRA-certified safety roll cage, FIA-certified seats and anniversary-badged racing wheels.

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The Cobra Jet's debut coincides with the 50th anniversary of the original version, and Ford will only make 68 of the 2018 models. The newest Mustang will make its first public appearance at the Woodward Dream Cruise this weekend.

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Mark Rushbrook, global director for Ford Performance Motorsports, recently told Autoweek that Ford planned to unveil a new Mustang Cobra Jet before the annual event. Ford teased a revival of the Cobra Jet in April.

Original story updated with reveal on Aug. 16.

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