The Boss 302 set to be released in 2012 will feature a reworked version of the regular 5.0 litre Mustang V8, giving it 440 bhp and 380 lb/ft of torque.
It will also have an improved exhaust system, also boosting power, as well as a new clutch and an optional limited-slip differential and optional Recaro seats.
Other improvements have been made on the suspension, traction control and dampening systems.
New cosmetic improvements include new 19″ aloy wheels and Pirelli P Zero tyres.
Prices will not be announced for several months.
Click here to read the Motoring Press article: Mustang Boss 302 Beats BMW M3 Around Laguna Seca.