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How Much more can you increase the Top speed of 2005 mustangs?
Infinately. The rear end and chassis can be modified for stability, the engine can be modified with every single part it has (even the block) for performance, andthe car can be lightened. There's an infinite # of things that can be done. An '05 Mustang could even be modified enough to run at over 300 mph. There's really no limit.
One GPS being accurate doesn't equate to all of them being accurate. And a GPS being accurate to 120 MPH also doesn't mean it will be accurate to 165mph.
So with enough engine mods and weight reduction the 05 could potentially reach light speed? You just might be on to something. You might want to patient this idea and sell it to NASA before someone else does!