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The 2004 Cobra was a carryover of the 2003 Cobra but with a few minor updates, including a slightly updated exhaust system and rumors of a 20+ horsepower increase over the 2003 model. [24] The addition of a newly integrated shift light negated the $1,000 gas guzzler tax that was charged on the 2003 models.
The success of the 2001 Bullitt led to the production of a second special edition, the 2003 to 2004 Mach 1. The Mach 1 was equipped with a 4.6 L DOHC 305 hp (227 kW) engine based on the engine available in the 1999 and 2001 Mustang Cobras, with new cylinder heads from the 2003 to 2004 Cobra (see above).
For 2007, Ford's SVT launched the Shelby GT500, a successor to the 2003/2004 Mustang SVT Cobra. The supercharged and intercooled Ford Modular 5,408 cc (5.4 L; 330.0 cu in) DOHC 4 valves per cylinder V8 engine with an iron block and aluminum heads was rated at 500 hp (507 PS; 373 kW) at 6,000 rpm and 480 lb⋅ft (651 N⋅m) of torque at 4,500 rpm.
The Mustang GT also came equipped with a limited-slip differential complete with the same carbon-fiber clutch discs used in the 2003 to 2004 SVT Cobra and the 2007 Shelby GT500. The differential uses the 31-spline axles and the 8.8 in (224 mm) ring gear.
The Saleen S281 is a variant introduced between the 4th and 5th generations of Ford Mustang which was produced by the American manufacturer Saleen, Inc. By 2005, Saleen departed from being a company of modifying existing Ford Mustangs as well as various other Ford automobiles, and became an Original equipment manufacturer.
The concept 2004 Mustang GT coupe and convertible were debuted at the 2003 North American International Auto Show. They were designed after the production 2004 Mustang was finalized to gauge public reaction to the design. 2005 Ford Mustang convertible concept (exterior) The design of the Mustang was created from scratch, the first in 23 years.