Lee Iacocca Announces Limited Edition Mustang

Celebrating 45 years of custom tuned/special edition Mustangs, Lee Iococca announces his own, the Iacocca Mustang. Only 45 of these special silver-hue-painted Mustangs will be built and sold.

Included in the newly transformed fastback is a bodykit designed by Michael Leone, Ford Racing parts including a cold-air intake, handling package and an optional supercharger and brake kit.

Two power options will be offered, a normally-aspirated 4.6-liter Ford V8 rated at 320 horsepower and the optional supercharged version with a rated 400 horsepower. Both engines are covered by a factory Ford warranty.

The cars will initially be revealed and then available at a reception in late July, at Southern California's Galpin Ford dealership, the world's largest volume Ford dealer for 19 years, as well as an innovator in the promotion and retail of specialty automobiles. The price is yet to be announced, although, some are speculating it to have a price around $60,000 and $65,000.