Ford and ROUSH are currently involved in a lawsuit filed by Drew Conner, a New York customer and other buyers, which feel like they’ve been cheated by the two companies. Last year, these customers paid $59,000 for the 2007 Roush Stage 3 BlackJack, which was announced in a limited run of 100 units. However, it looks like the limited tun was not so limited after all, because Ford and ROUSH are accused of building another 100 units, this year. And they’re really serious, seeking more than $12 million in damages.

“The vehicles purchased by the plaintiff and the other class members were not as unique or rare as the defendants had stated them to be,” the complaint said. “Their value from scarcity and as collectors’ items were and are dramatically less than the buyers had been led to believe their value would be.”

The Ford Mustang AV8R was built for the EAA Gathering of Eagles charity auction, that took place last Thursday. The winning bid was $500,000 and the auction took place during the EAA AirVenture Oshkosh 2008, the world’s largest annual aviation event. Proceeds from the sale will support EAA youth education and inspirational experiences that prepare young people to become the engineers, pilots and innovators.

The Ford Mustang AV8R is powered by a 400 hp 4.6 litre 24-valve V8 supercharged engine and is fitted with a Ford Racing Handling Pack that includes dampers, lowering springs, anti-roll bar kit, strut tower brace and a Ford Racing Tuned Exhaust. The car features a unique “satin finish” aviation inspired paint with a black gloss treatment, with unique Star-in-Circle insignia laminate glass, special front and rear fascias, AV8R faux gas cap, plus a Mustang Bullitt grill and shift knob. The interior includes distressed “Bomber Jacket” leather inserts and trim panels and autographs from Harrison Ford, Edsel B. Ford II, Jack Roush, Carroll Shelby and others.

Check out more photos of the Ford Mustang AV8R after the jump.

Read More: "Ford Mustang AV8R auctioned for $500,000"

With the production-ready Chevrolet Camaro presented a few minutes ago, the competition is getting tough for the Ford Mustang. But Ford doesn’t want to lose attention, so they gave a sneak peak of its 2010 Mustang facelift at this past weekend’s leg of the 2008 Road America vintage car show. The car served as the pace car for the vintage race, however, the Mustang was outfitted with heavy camo, keeping its key design cues hidden until its official reveal scheduled for the Los Angeles Auto Show this November.

The Mustang showed up at this event because Ford marketing manager Robert Parker explained that these events provide an opportunity for customers to get behind the wheel and for Ford to show off its new and future product lines.

Video after the jump.
Read More: "2010 Ford Mustang shows up at Road America"

The X Prize Foundation is a non profit organisation that fosters innovative, high-profile competitions for the benefit of humanity. And they also give away substantial prizes. For example, the Progressive Automotive X Prize is worth $10 million and it’s a race to find an affordable, marketable automobile that gets at least 100 miles per gallon.

One of the competitors for this prize is Doug Pelmear, an engineer from Napoleon, Ohio, who modified the engine of a 1987 Ford Mustang, so the car now does 110 mpg. Yeah, we know, that’s really impressive and if Doug wins the prize, he sure deserves it. He tweaked the Mustang’s engine and made it nearly five times more efficient than a regular one. He said: “”We redesigned a lot of different things on the engine block. It’s still a rod-and-piston engine; it just has a lot more electronics on it.”

And if you think this car is some clean hybrid that hardly moves on the street, you must know that Doug’s Mustang has 400 horsepower, goes well over 100 mph and can go from 0 to 60 mph in three seconds (we’re not really sure about this last part). The engine operates at 38 percent efficiency (8 to 10 on the regular cars) and Doug says he could increase even that number, by using regular gas instead of a mix of gas and 85 percent ethanol.

Though we wouldn’t say the same, Doug said that the $10 million prize was not the reason he joined the X Prize. “I’m an optimist, and I think people need to know there is hope out there. That’s why I decided to enter the X Prize race. I could have sold this [technology] off, but then people might not have seen it. This will bring back the automotive industry when they can sell trucks and SUVs and the models that are almost dead at this time”.
Read More: "‘87 Ford Mustang that does 110 mpg"

InsideLine brought together two of the coolest cars America makes right now, the 2008 Dodge Challenger SRT8 and the 2008 Ford Mustang Bullitt. The Challenger marks the re-birth of a great classic American muscle car, while the Bullitt is seen by many as the best edition of the 2005 Ford Mustang (and trust us, we’ve seen a few). So, which one is the coolest? Check out the video. Enjoy!

Read More: "Video: Dodge Challenger SRT8 vs Ford Mustang Bullitt"

NBC released today this teaser video for their upcoming “Knight Rider” series. You gotta watch this:

After a few weeks ago we told you what the next K.I.T.T. from the upcoming TV movie “Knight Rider” will be, now we have official confirmation from NBC, it’s going to be a Shelby GT500KR. And we also have a bunch of official, high-resolution photos. Honestly, I was hoping that the info we got back then would be just a rumor, but it’s true. As I said, I don’t think this is the best replacement for the Pontiac Firebird, but I guess we’ll just have to wait and see if this will turn out to be a good decision.

View more high-res photos after the jump.
Later edit: We’ve also got a video of the car from the presentation, thanks to Jalopnik.
Read More: "It’s official: The Shelby GT500KR is the next KITT"

As I said before, I got tired of writing about new Mustang, limited editions, special editions and new features. But, on the other hand, I like how Ford tries to bring new things to its legendary sports car. For example, Ford has announced that, starting next summer, they offer the Ford Mustang with a new factory-installed glass roof. Priced at $1,995, the glass roof is made out of tinted privacy glass, which reduces both infrared rays and vehicle cool-down time by 50 percent, plus it allows owners to completely block the sun, with a manual roller blind.

View more photos and read the full press release after the jump.

Read More: "Ford Mustang to be available with a glass roof starting next year"

After a lot of speculation, Jalopnik dropped the bomb today and announced what will be the mystery car to play K.I.T.T. in the next Knight Rider movie and that is the Shelby GT500 King of the Road, based on the Ford Mustang. Frankly, I’m not that thrilled about the Mustang, because I don’t know if its ‘fierce’ looks is right for K.I.T.T. I mean, I can’t imagine a Mustang saying “Hello, Michael!” as good as the original Pontiac Firebird did. And here are also a few Photoshopped pics of a GT500 KR to get a better idea how the K.I.T.T. will look like. What do you think about it? Is it a good choice? Feel free to leave a comment here.
Read More: "Ford Mustang to be K.I.T.T. in the next Knight Rider"

Honestly, I got tired of all those special and limited and anniversary Ford Mustang editions and I don’t know why I keep writing about it. This time we’ve got the 2008, Barrett-Jackson Shelby GT, which will be available in only 100 units. Barrett-Jackson is a Ford dealer in Arizona and their version of the Shebly GT is painted in black with “Barrett-Jackson Red” stripes, Barrett-Jackson sill plates, and all the models will go to auction, for around $39,000, $250 of which goes to the Carroll Shelby Children’s Foundation. Buyers will aslo get an autographed photo of Carroll Shelby, Amy Boylan (from Shelby Autos), Greg Jackson and Steve Davis (from Barrett-Jackson).

Is this worth the money? I don’t know. What do you think? Drop a comment here.
Read More: "Ford Mustang based 2008 Barrett-Jackson Shelby GT"

Yeah, I know it sounds crazy, but it’s true. I can’t say if this is a weird Mustang or a really weird Lamborghini Gallardo, but one thing’s for sure, this thing is called the Tractorri Lamborghini Mustang. Presented at the 2007 SEMA Show, it was built by John Haugh from Cleveland, Ohio who created this using (or should I say destroying) a new Lamborghini Gallardo and a new Ford Mustang.

The Mustang body was modified (the rear part is from the Gallardo) and the car features Gallardo’s mid-engined all-wheel drive powertrain plus the 520 HP V10 engine. And another impressive thing about this car is its interior, which looks exactly like Gallardo’s interior. So, its safe to say that actually we have a Lambo with a Mustang body. Crazy!

More photos after the jump.
Read More: "Ford Mustang gets Lambo-fied"

Last week we presented you the 2008 Ford Mustang Bullitt and now here’s a video, made by the guys over at InsideLine in which we can see the Bullitt in action. Nice! You can check out our previous post about the car and see a full photo gallery, by clicking here.

Read More: "Video: InsideLine drives the Ford Mustang Bullit"

To celebrate 40 years past since Steve McQueen wrote history with the famous Bullitt movie car chase, Ford decided it will produce 7,700 2008 Ford Mustang Bullitt. The car is powered by a 4.6 liter V8, which features FRT (Ford Racing Technology) and delivers 315 hp and 325 lb-ft of torque. Based on the Mustang GT, the Bullitt also has modified chassis, suspension, new shocks, struts and brakes, plus a new open-element air filter, used for the first time in a production Ford, which drops ambient temperature from 50 degrees down to 17 degrees Fahrenheit.

The 2008 Ford Mustang Bullitt will come in the same ‘Dark Highland Green’ color scheme, and also in black (only Ford knows why). Also, the exhaust system sounds exactly like the original one, and it features a dual-exhaust system with a new H-pipe specifically developed for Bullitt with 3.5 inch chrome tips. The Bullitt rides on 18 inch cast-aluminum Euroflange wheels and has Dark Argent Gray spokes with a satin finish. Also true to the original Bullitt is the total lack of badging on the car, including (or rather excluding) spoilers, scoops and even the iconic mustang in the grill. The Bullitt will hit showrooms early next year and will have an MSRP of $31,075.

View a photo gallery after the jump (interesting is that the official photos were taken in the same place where the famous car chase took place), plus a video of the original car chase from Bullitt, in case you’ve missed it.

Read More: "Ford Mustang Bullitt launched"

Be careful. It might bite you! This is the ROUSH 428R Mustang, presented today by the American tuner. With only 200 units available, the Mustang packs 435 hp and 400 ft-lb. of torque and features a chrome powdercoated supercharger, a variety of billet trim for under the hood, two less lights up front and it lacks a Mustang logo on the grille. Of course, ROUSH logos are all over the place.

Mechanic modifications include a ROUSHcharger supercharger system, an upmarket suspension system, upmarket shocks, springs, and sway bars, plus 18-inch cast wheel and high-performance tires. And that’s not all, Roush also suggested that there are plans for a 429R to be released next year. The ROUSH 428R Mustang will hit showrooms this October and the package will cost $16,999 (plus the cost of the Mustang), an additional $800 delivery charge and $1,000 charge for fuel inefficiency paid by US buyers.
Read More: "2008 ROUSH 428R Mustang Revealed"

It’s been 40 years since the first Shelby “King of the Road” Mustang was released, and Ford and Shelby decided to celebrate this by presenting the new Shelby GT500KR. The Mustang will be powered by a 5.4-liter supercharged V-8 with a Ford Racing Power Upgrade Pack that boosts engine output to an estimated 540 hp.

Produced in a limited edition of 1,000 units, the Shelby GT500KR coupe comes with a custom carbon composite hood with scoops and stainless steel twist-down hood pins, a lower front air dam with chrome-trimmed functional brake ducts and large 14-inch Brembo front brakes. The suspension has been modified with an emphasis on race-inspired handling.

Drawing inspiration from the classic 1968 KR model, the Shelby GT500KR also features 40th Anniversary exterior badging, unique striping and a distinctive interior with Carroll Shelby-signature embroidered seats and a 40th Anniversary numbered dash plaque. Click for more pics. Read More: "2008 Ford Shelby GT500KR King Of The Road"