The vehicle was design based on the Ford Mustang 390 GT fastback model that McQueen's character drove in the movie.
Under the hood will of course be a supercharged V8.
Confirmation came in the form of one-minute teaser video that was short on substantive detail, except confirmation that the new GT500 is going to outdo both its previous generation predecessor and the limited-run GT supercar for power.
"Arriving in 2019, the all-new Mustang Shelby GT500 will be the pinnacle of Mustang performance and highlights the innovation, ingenuity and passion of Ford Performance", said Ford. Our best guess is that it will be an upgraded version of the 5.2-liter Voodoo V8 that is seeing use in the GT350 and GT350R. Some rumours link a 2.6-litre supercharger with the GT500, and that would make it amongst the biggest of four-pot petrol engines available. The GT350 already produces 392kW, which means 522kW wouldn't be too much of a stretch for the engine with forced induction added. GT500 embodies Ford Performance team's motorsport expertise, with engineering created to make the Shelby stand apart on roadways and racetracks.
The upcoming GT500 marks the vehicle's first release since the 2014 model year. A few years ago, Dodge stole a big march on the rest of the muscle auto industry by introducing the 707 horsepower Challenger and Charger Hellcat models. The Mustang has been a raging success in Australia, in fact we are the largest market for the RHD model. Nevertheless, we thought it prudent to take a look back at the new GT500's unruliest of ancestors.