The Ford Mustang GT500 Convertible is the successor to the Mustang Cobra convertible. Its supercharged iron 5.4-liter V8 will produce 475 lb-ft of torque and 475 hp--approximately seventy hp less than the 550-hp all-aluminum version of this engine in the GT supercar. That power goes through a six-speed stick and a solid rear end (no fancy independent rear suspension this time). Surprisingly, only eighteen-inch wheels will be offered initially--the same size that's optional on the Mustang GT--but keen Mustang fans will spot the unique rim design, more aggressive front end styling, and power vent hood. Ford spruced up the GT500 with a fabric roof (instead of vinyl), a leather-wrapped dash, and the basic Mustang interior is a pretty nice place anyhow. The GT500 Convertible goes on sale concurrently with the coupe in the summer of 2006 at a sticker price of less than $45,000.
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