Ford is teasing a revived performance Mustang—initially with hints about a “new Cobra”—while multiple outlets also report work on a Shelby GT350 successor. The developments focus on the possibility of a new high-performance model positioned to follow the lineage of the GT350.
Car and Driver reports the Cobra’s return for 2027 and suggests the car could use a V-8 derived from a Mustang GT3 program, framing it as a spiritual or direct successor to the Shelby GT350. Jalopnik also points to a Ford social-media post implying a Cobra is coming, emphasizing excitement from “hot car” fans.
Carscoops frames the story as a successor to the GT350, but with a potential twist for longtime fans. Car and Driver adds more detail in a separate report, saying the new model may not carry the Shelby name and may be naturally aspirated, with performance placement between the Dark Horse and Dark Horse SC. Across sources, the shared theme is a future Mustang focused on naturally aspirated heritage and GT350-like positioning, even as naming and exact specification remain unsettled.