The Ford Mustang Shelby GT500 marked the highly anticipated return of the iconic nameplate, delivering a significant performance statement built upon the robust S197 platform. Central to its identity is the 5.4-liter supercharged V8 engine, an iron-block unit derived from Ford's modular family which was factory rated to produce 500 horsepower and 480 lb-ft of torque for the 2007-2009 model years. This power is achieved via an Eaton supercharger running moderate boost, providing a substantial, accessible torque curve and the distinctive supercharger whine favored by many performance drivers.

Power delivery is managed exclusively by a heavy-duty Tremec TR-6060 6-speed manual transmission paired with a limited-slip differential, ensuring direct and mechanical engagement with the rear axle. The GT500's chassis utilized the Mustang's core suspension architecture MacPherson struts up front and a three-link solid axle with a Panhard rod in the rear. To manage the immense power, the SVT engineers fitted upgraded springs, dampers, and large 14-inch Brembo four-piston front brakes.

While the car carried a heavier curb weight due to its iron block and extensive cooling systems, its handling was sharpened over the base Mustang GT, providing a visceral, torque-heavy driving experience for those who appreciate classic muscle car dynamics paired with modern performance components.