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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
For the 100 dollars you will spend fixing this POS(I have the right to call it anything I want, I still have bad dreams of the quad4) get a pinto filler up with gasd and back into the grand am full speed...
Prob coil/cap problem. I have also seen bad injectors(Be careful they use low imped. injectors=2ohm)
Crank sensors like to crack under extreme heat also...110 mph you're lucky the waterpump didn't jump off the engine and run away!