The 5.0L V8 crate engine will go on sale early next year and will be available in a variety of configurations with power ranging from 340 to 500hp. The base block will start at $1,759, with prices for complete engines ranging from $4,650 to $10,000. Unlike rival engines from General Motors, the production version of the Boss 302 will feature an overhead-cam and variable valve timing.
As part of Ford’s "Way Forward" strategy, the company expects to launch a new version of the Mustang each year. Next year will see the introduction of the Shelby GT, a cheaper version of the Shelby GT500 and the company has already announced plans to build a Bullitt version in 2008. The new Boss Mustang will follow in 2009 ahead of the all new Mustang in 2010. Ford in Australia has been using the Boss name for several years now in its Falcon sedan. The Aussie version is labeled the Boss 290, with the numerals representing the kilowatt output of the 5.4L V8.