These pictures but is proof that Ford is hard at work on the upcoming SVT Cobra Shelby GT500 is under development, could crack 740+ HP”>Shelby GT500. The new GT500 will be focused on being a straight line, freeway-running rocketship – as oppose to the Shelby GT350 and GT350R being the road course slayers of the family.

We can’t wait to hear some real numbers for this car, but we expect this earth-rotating flagship Mustang to around the ‘700 HP’ mark. Even though that ‘700’ figure would be nice, we just don’t think the new GT500 will need that much HP to get the job done – especially considering how much lighter this car will be over the Hellcat Challenger. We also suspect that Ford may utilize a Twin Turbo 5.0 ‘Coyote’ motor. It’s no secret that Ford has been diliently testing a TT 5.0 Coyote for over a year now, and our guess is that it is being developed for the big-bruiser GT500.

We’re excited. Ford has already debuted the new GT350 and GT350R, so we hope to hear an official announcement by Summer ’15.