Enthusiasts have been waiting, not so patiently, for the release of the all-new Ford Mustang Shelby GT500. We’ve already told you about its stablemate, the GT350R, and its test performance at Pocono. But perhaps the biggest mystery has been how much power Ford would give the GT500.

Details have not been easy to come by in the past few months. Ford has been frustratingly tight-lipped about the particulars up to now, with speculation that the GT500 could have close to 800 horsepower. As it turns out, that wasn’t quite right, but it wasn’t far off. Recently, Ford announced that the Shelby GT500’s 5.2-liter supercharged V8 will make an incredible 760 hp.

Let’s take a look at some of the finer points of the new Shelby GT500.

Interior

If you were expecting an all-new redesigned interior, you will have to wait for the next generation. Ford has put most of its resources into aerodynamics and engine packages. Its interior look is not all that different from the GT350. The gear selector dial is one of the new features of the GT500, and while the satisfying feel of a manual transmission is gone, the dual-clutch transmission should provide seriously quick shift times.

Exterior

Rather than having a more traditional muscle car look like the Hellcat, the Shelby GT500 offers something new and interesting with a design that screams speed; just check out the aggressiveness of the front end. If you choose to get the Carbon Fiber Track Pack (and why wouldn’t you?), not only will you get 20-inch carbon-fiber wheels (with the rear wheels being a half-inch wider), but you will also get Michelin Pilot Sport Cup 2 tires, a carbon fiber GT4 track wing, adjustable struts, and even more add on goodies that will make the GT500 a serious track car. In addition, the pack offers the option for rear-seat removal, further reducing weight.

Engine

The GT500 will get the cross-plane variation of the GT350’s “Voodoo” 5.2-liter flat-plane crank V8. The supercharged engine is also good for 625 lb-ft of torque and redlines at 7400 RPM. Unfortunately, those aspiring racers who prefer the feel of a manual will have to wait. As of now, the GT500 is available only with a dual-clutch transmission.

All images provided by the manufacturer unless otherwise noted.