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- Heavily updated is the 2003 SVT Mustang Cobra, which makes 390 horsepower and 390 pound-feet of torque thanks to the addition of an Eaton supercharger. A new six-speed manual transmission drives the rear wheels through a 3.55 rear axle ratio. Larger wheels and tires come standard, along with stiffer springs and a tubular cross brace. Cobra convertibles have a cloth top, while both cars get new seats with upgraded leather and suede upholstery. A limited-production Mach 1 model arrives later in the year with a massaged 4.6-liter V8 engine making at least 300 horsepower and 300 pound-feet of torque, a functional shaker hood with ram-air scoop, black striping, unique leather seating and retro-design Magnum 500 alloy wheels, and, of course, a Mach 460 audio system.
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