Based on the 2011 Ford Mustang GT, the new model is inspired by the classic 1969 Mustang Boss, a car with an original design brief of becoming the “best all-around road-going performance machine ever created by Ford Motor Company”.

Ford engineers, stylists and designers have strengthened, lightened and refined the Mustang GT to create “a race car with a licence plate”. The team used the BMW M3 as a performance benchmark for the Mustang Boss 302 and claim the car can match Munich’s performance saloon for lap time at Laguna Seca.

A new air intake and modified camshafts boost power from 406bhp to 434bhp in the 5.0-litre V8 engine taken from the standard Mustang GT, while 380lb ft of torque is produced. Power is sent to the rear wheels through a six-speed close-ratio manual gearbox.
Performance is further enhanced by higher-rate coil springs, stiffer suspension bushings, a larger-diameter rear stabiliser bar, 14-inch Brembo front brakes and a race-inspired clutch. The Boss also comes with adjustable shocks and a speed-sensitive electronic steering system with three modes: comfort, normal and sport allowing the driver to adjust the car to their liking. A limited-slip differential is available as an option.

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Ford’s stock traded as low as $9.82 mid-day.

The automaker is required to pay the UAW’s Retiree Medical Benefits Trust by Wednesday to fund health care benefits for former hourly workers.

Ford must pay $250 million of the required payment in cash and can pay as much $610 million in stock.

Bloomberg News reported on Monday that Ford might issue stock to make the payment so it can use cash to better manage its balance sheet. In the past, Ford shareholders have been concerned about additional stock diluting the company’s stock.

“We do not run our business based on day-to-day stock changes,” said Ford spokesman John Stoll.

But Ford’s falling stock price probably has little to do with how it will meet the trust fund payment obligation, said Mirko Mikelic, senior portfolio manager at Fifth Third Asset Management in Grand Rapids.

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