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Along with the debut of the 2011 Mustang GT with its new 5.0-liter V8 engine, Ford has announced that a race version of the car will compete in the Grand Am Series. Called the BOSS 302R, the car is named after the car legendary racer Parnelli Jones drove to the Trans-Am title back in 1970. Five of the Boss 302s will compete at the 2010 season opener at Daytona.

Based on the FR500C Mustang racecar, which Ford brought back in 2005 and updated last year. A base BOSS 302R will be available for $79,000, while a full Grand Am Spec model will retail for $129,000. In total just 50 BOSS 302 R’s will be built.

Grand Am spec models get a special Grand-Am Homologation Package (M-FR500-BOSS R1), which makes them eligible to compete in the Grand-Am Continental Tire Sports Car Challenge (formerly known as KONI Challenge). It includes a close-ratio six-speed transmission, upgraded cooling system, a seam-welded body, race suspension and KONI shocks, ABS brake tuning, a race exhaust and a one-piece driveshaft.

By sending five cars to Daytona, Ford is hoping to recreate some of the magic from 2005 when the FR500C ran their and took its class victory, just days after being delivered to its owner. Since then the FR500C models have won three Triple Crown championships of driver, team and manufacturer’s titles in KONI competition including back-to-back wins in 2008 and 2009, while overseas the FR500C has has taken the 2007 and 2008 driver’s championships in the FIA GT4 class.

More: Report: BOSS 302R Mustang Returns and is Headed Directly to Grand Am on AutoGuide.com
 
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