Steev Saleen, well known racing driver and tuner of  SMS Supercars launched a new version of the 2011 Ford Mustang GT,  named the 2011 SMS 302 Mustang. This is the second release of the trilogy of Amrican Supercars by SMS as it follows the release of 2010 SMS 570 Challenger and later this year we will see the release of the 2011 SMS 620 Camaro.

The 2011 Mustang GT was launched last week marking Ford Mustang’s 46^th birthday at the company headquarters in Corona, CA. Perfect timing we say.

Two engine variants will be offered, namely the SMS 302 4V and the SMS 302 SC. Thanks to a few powertrain tweaks the naturally aspired 4V model along with a 5 litre V-8 engine will produce 440 horsepower and 400 lb of torque. The high flow exhaust system, an all-new four-valve head design, an optimized pulley drive system and performance filtration, all together will give surely give exciting results. The 302 4V Mustang will cover 0-60 mph in 4.5 seconds.

On the other hand the more powerful SMS 302 SC will be capable of producing over 535 horsepower and 450 lb of torque with the help of SMS 296 Supercharger Sytem. Combined with a 6-speed automatic or manual transmission, SC will dash from 0-60 mph in 4.2 seconds only.

Other standard features include a new performance suspension system, Pirelli PZero tires covering 20-inch wheels, cross-drilled brakes and a custom bodykit. The interiors have been also given a special treatment with lots of leather and a two toned color scheme. The vehicles will also come with aluminum SMS doorsill plates and embroidered floor mats.

“Many automotive enthusiasts have embraced our SMS 570 Challenger, but I know our core fans have been waiting for the first Mustang to come from the new company, SMS Supercars,” said Saleen.  “Our line of SMS Mustangs will be the only Mustangs authorized to bear my name, to use the benefit of my heritage and to incorporate performance innovations derived from my over thirty years of racing and manufacturing experience.”

The 2011 SMS 302 Mustang is priced at $54,990 and will hit the showrooms by May.