Ford has reportedly confirmed the Shelby GT350R Mustang has outperformed the Chevrolet Camaro Z/28 and matched the performance of the Porsche 911 GT3.

Ford has reportedly confirmed the Shelby GT350R Mustang has outperformed the Chevrolet Camaro Z/28 and matched the performance of the Porsche 911 GT3.

According to Motor Authority, the automaker announced that in independent testing the Shelby GT350R Mustang was able to lap Michigan's Grattan Raceway in same amount of time as the Porsche 911 GT3.  The car also reportedly beat the Camaro Z/28's time by one second.

Despite offering a Porsche matching time, the Shelby GT350R Mustang will cost tens of thousands of dollars less as pricing will reportedly at $63,495.  That's not exactly cheap but the model does come with a unique 5.2-liter flat-plane crank V8 engine that develops 526 bhp (392 kW) and 429 lb-ft (580 Nm) of torque. 

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Ford Shelby GT350R Mustang beats the Chevrolet Camaro Z/28 at Grattan Raceway