Ford may no longer have the rights to build a GT350, but Shelby American has their own solution — with an 810-hp supercharged V-8.
Sixty years ago, Shelby American proved that the Mustang could be a true race-ready performance car when it released the GT350 and GT350R. Shelby-branded Mustangs have returned a few times since, both as OEM-spec Ford Performance models and as custom builds by Shelby American — but the historic GT350 and GT500 nameplates were typically reserved for the finished Ford products over the past two decades. That changes with the latest GT350, which is a Shelby build, rather than a Ford one.
The last car to wear the GT350 name was an official Ford Performance product sold new at dealerships, but a split between Ford and Shelby eventually led Ford to replace that product with the Dark Horse for the latest Mustang generation. That left the GT350 badge available to the modern iteration of Shelby American, and now the company has brought the nameplate back with an official Mustang build of their own.
Unlike the Voodoo-powered GT350 Ford produced in the 2010s, the Shelby GT350 is generally equipped with a supercharged version of the Mustang GT‘s standard Coyote V-8. This produces a ridiculous 810 horsepower, a far cry from the badge’s origins as a track-focused small block variant. The engine is hooked up to a Shelby-specific Borla exhaust. Other performance changes include lowering springs, front and rear sway bars, and a short throw shifter for manual-equipped cars. Non-performance changes include re-covered leather seats, a unique grille, and other visual features.
Buyers interested in a more extreme Shelby Mustang can opt for the GT350R, which will be limited to just 36 examples. Shelby says that this variant is track-focused, complete with extensive carbon fiber work, multiple unspecified chassis upgrades, and JRI race struts and shocks.
Shelby says that the supercharged GT350 starts at $109,995, assuming that the car is based on a 2025 Mustang GT with a manual transmission. That note is key, because it suggests that these GT350s are conversions of completed Mustang road cars, rather than new ones built from parts by the Shelby team. Pricing for the GT350R has not been announced. The supercharger is sold separately in some states, meaning that some GT350s will be delivered to buyers with the standard 480-hp output. Pricing on both the non-supercharger GT350 for those markets and the separate purchase of a supercharger has also not been announced.
The Ford-built Dark Horse, a less powerful but more performance-oriented official Mustang variant that serves as a spiritual successor to the last Mustang GT350, starts at $64,630. If you have $325,000, Ford will also sell you a Mustang-based GTD supercar.