Ford’s new Mustang Shelby GT350 has finally landed, and it’s every bit as good as we'd hoped. While previous GT350s were built by Shelby American, this new one is a creation of Ford Motor Company’s [NYSE:F] own SVT division but still adheres to Carroll Shelby’s original idea—transforming a great every-day car into a dominant road racer.

The new GT350 makes its debut this week at the 2014 Los Angeles Auto Show, but we’ve already had a close up look and now we have some new video footage to bring you. That sound you here in the video above is a brand-new 5.2-liter V-8 complete with a flat-plane crankshaft.

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The engine, which will make more than 500 horsepower and 400 pound-feet of torque in its final form, is billed as Ford’s most powerful naturally-aspirated V-8. It’s also the Blue Oval’s first with a 180-degree, flat-plane layout which gives it that distinctive sound.

There are also a host of other chassis and drivetrain mods to go with the new engine, including a lightweight six-speed manual transmission, Torsen limited-slip differential, carbon fiber reinforcements, a wider front track, magnetorheological dampers, and new spring rates and bushings. The wheels are 19-inch aluminum-alloy pieces shod with custom Michelin Pilot Super Sport tires, and inside these sit Brembo brake calipers (six-piston front and four-piston rear) biting two-piece cross-drilled discs.

We’ll have to wait until closer to next year’s launch to discover the performance specs, but for now, just sit back and enjoy these new photos and videos.

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See more videos on our YouTube sites: The Car Connection, Motor Authority, and Green Car Reports.