According to a recent report, Ford is developing a revised Shelby GT500 to battle the Chevrolet Camaro ZL1.

These are the very first spy shots of the hottest Mustang Shelby GT500 ever. According to a recent report, Ford is developing a revised Shelby GT500 to battle the Chevrolet Camaro ZL1.

Citing "well informed" sources, Car and Driver says the 2013 Shelby GT500 will feature a new 5.8-liter V8 which is a bored-out version of the current 5.4-liter V8. Furthermore, the model will be equipped with a TVS supercharger instead of an Eaton blower. Thanks to these changes, the engine could produce up to 620 hp (462 kW / 629 PS) which is 70 hp (52 kW / 71 PS) more than the current model.

On the styling front, the car is expected to feature an updated design that will eschew some of the retro styling details. Nothing is official, but the Mustang will likely have modified bumpers, a revised grille, and LED lighting units.

Despite all the upgrades, the 2013 Shelby GT500 is expected to cost $60,000 which makes it a relative bargain.

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