Hot on the heels of the 700hp (522kW) tuned Camaro SS from Artisan Performance comes another hotted up version of the 2010 Ford Mustang that's set to do battle on the black top this June. The latest tuned Mustang is based on the V8-powered Mustang GT and picks up a pair of GTK350 turbochargers for an estimated output of 700hp (522kW) – at the wheels.

The car is being developed by Artisan Performance in conjunction with Mustang tuner Randall Reed Ford. The car will carry the Reed Speed SE signature and will be sold as a ‘turn-key’ package through Randall Reed stores and select Ford dealerships around the country in the second half of the year.

You may remember Artisan as the company behind last year’s turbocharged IS-F SEMA show car, and the plan is to use the same tuning principles on the Lexus for the new Ford Mustang.

Some of the upgrades include a high-flow exhaust system with a race-spec catalytic converter, a custom intercooler and wastegate, and an obligatory ECU upgrade to handle the fuel mapping and boost control necessary for turbocharged cars. Customers will be able to opt for custom 20in forged alloy wheels and 14in brakes, and all the cars will come with a six-speed manual gearbox only.