The 2022 Gt500 Code Red represents the zenith of Shelby Mustang performance, evolving from an experimental project born from customer demand for even more power. Inspired by a 2008 prototype, the Code Red transforms the already formidable GT500 into a true hypercar.
This limited-edition marvel is headlined by a hand-built twin-turbocharged V8 engine, capable of generating up to an astonishing 1,300 horsepower and 1,000 lb-ft of torque. Beyond just raw power, the GT500 Code Red package includes comprehensive upgrades to the suspension, cooling systems, and aesthetics, ensuring a holistic performance enhancement. Production is strictly limited to just 30 units, with ten drawn from each of the 2020, 2021, and 2022 GT500 model years, making it an exceptionally rare and desirable machine.
Shelby American’s decision to bring the experimental Code Red to production marks a significant moment in their history. Historically, Shelby’s “EXP” vehicles, such as the Green Hornet, Little Red, and the original 2008 twin-turbo Code Red, served as testbeds for innovation. The ’67 GT500 Super Snake pushed boundaries with its 427 race engine, while the Green Hornet explored fuel injection and independent rear suspension in a ’68 hardtop. Little Red, from 1967, showcased twin superchargers and other advanced technologies. These experimental models paved the way for future performance advancements.
The lineage of the Code Red can be traced back to 2008 when Shelby American first experimented with replacing the supercharger on a GT500 with twin turbos. Nelson Racing Engines re-engineered the 5.4-liter V8, incorporating a dual-feed fuel system that could introduce high-octane racing fuel when needed. Enhanced cooling was crucial to manage the increased thermal load, and AMS contributed with a speed-sensitive boost controller. Extensive drivetrain modifications and numerous performance upgrades were also implemented. However, the original Code Red’s extreme nature and high development costs prevented it from reaching production at that time.
The 2020-2022 GT500 Code Red benefits from years of development and refinement. Shelby collaborated closely with technology partners to create a production-ready package that is not only incredibly powerful but also robust and reliable. The upgraded 5.2L engine now features cutting-edge high-performance components and is force-fed by a premium intercooled twin-turbo system. A new fuel system and advanced engine management system are integral to achieving its staggering output. On 93-octane pump gas, the Code Red delivers over 1,000 horsepower and 780 lb-ft of torque. When running on E85 ethanol, this figure jumps to a maximum of 1,300 horsepower and 1,000 lb-ft of torque, pushing the limits of street-legal performance.
However, the 2022 GT500 Code Red is much more than just an engine upgrade. It’s a comprehensive transformation that includes a widebody package, new wheels and tires to handle the immense power, heavy-duty axles, recalibrated suspension tuning, and bespoke interior enhancements. Carbon fiber elements, including a distinctive hood, further differentiate the Code Red. Each purchase includes membership in Team Shelby and official documentation in the Shelby Registry, adding to its exclusivity and collectability.
Priced starting at $224,995 for the package alone, excluding the base car, the GT500 Code Red is an investment in unparalleled performance and exclusivity. Production is currently underway in Las Vegas, and existing owners of 2020-2022 Shelby GT500s have the opportunity to transform their vehicles into a Code Red edition, joining an elite group of high-performance Mustang owners. The 2022 GT500 Code Red is not just a car; it’s a statement of ultimate Mustang performance.
