Ford Mustang Cobra Race Car
For 1994, the Mustang underwent its first major redesign in fifteen years. The design, code named "SN-95" by Ford, was based on an updated version of the Fox platform. It featured dramatic new styling by Patrick Schiavone that incorporated some stylistic elements similar to those of earlier Mustangs.
The Cobra model returned for 1999 with its 32-valve 4.6 L V8, now rated at 320 hp at 6000 rpm and 317 lb·ft (430 N·m) of torque @ 4750 rpm. All 1999-2004 Cobras came equipped with an independent rear suspension (IRS), providing them with better handling compared to other Mustangs.
Source: Wikipedia, 2012