The 1,100 hp Shelby Mustang Carroll Shelby still has some serious mojo. The legendary tuner's eponymous company, Shelby American, has taken the wraps off its most powerful creation ever, the Shelby 1000. The four-digit number represents the power of the supercharged 5.4-liter engine under the modified Ford Mustang's hood, more or less. Stripped to the block and fitted with a suite of customized parts that includes a new Kenne Bell blower, flowed heads, stronger rods, crank and pistons and a sprinkling of "Shelby magic," the motor puts out a claimed 950 hp in street tune while the company says a racing version is good for 1,100 hp. Read: Ford GT sets standing mile record at 257 mph Somewhat surprisingly, Shelby American VP Gary Patterson tells FoxNews.com that the Shelby 1000 isn't intended to be a quarter mile car, although it should be no slouch at the drag strip with a solid driveshaft and 9-inch rear end. An upgraded suspension and Wilwood brake package aim to improve handling on twisty tracks. Read FoxNews.com Auto's review of the Shelby GT350 The Shelby 1000 was built to celebrate the 50th anniversary of the introduction of the first Shelby Cobra, and will be available in limited numbers, although the price tag might take care of that itself. The car costs $149,995 on top of the $49,995 price of the Shelby GT500 donor car needed to build it. The Shelby 1000 will make its public debut at the 2012 New York Auto Show.