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Ford has used the SEMA Show in Las Vegas show off new products from Ford Racing in the past, and with the Motor Company being the official car manufacturer of this year's show, we can expect more excitement. One hint as to what we could see at SEMA was offered by yesterday, as Ford Racing issued a press release officially announcing the 2010 Ford Racing Boss 302R Mustang and some of the cars' specifications.

Paying homage to the success of the 1970 Boss Mustang in the racing world, the 2010 302R will be a race only model and production will be limited to just 50 units.  The 2010 Boss 302R Mustang will come in the "standard" 302R form, or a Grand-Am Homologation package is available for those intending to compete in the KONI Challenge series.  The 2010 Boss 302R has an MSRP of $79,000, and for those wanting a fully built race car, the Grand-Am prepped 302R will run you around $129,000.

Like the 1970 Boss 302, the 2010 302R will feature a 5.0L V8, but this modern 5.0L offers an "estimated" 400hp.  The real power figures are more likely to be distributed once Ford has announced the power figures for the 2011 Mustang at this year's LA Auto Show, but with the Mustang GT expected to offer around 400hp from the 5.0L Coyote V8, I hope to see GT500-like power out of this $79,000 dollar race Mustang.  The more expensive Koni Challenge Boss 302R comes with a "sealed high output race motor", and the SEMA Show could be the perfect venue for such a monster factory built race car.