Ford Authority is reporting that at least one 2024 Mustang model with a V8 will "approach 500 horsepower". They weren't able to say if it was the GT or the Mach 1 that would get this tune.

As Ford Authority exclusively reported last October, 2022 Ford Mustang models equipped with the Ford 5.0L V8 Coyote engine took a hit in terms of output to the tune of 10 horsepower and 10 pound-feet of torque when compared to the 2021 model year. This decline was blamed on emissions requirements, but it was a disappointing development, regardless, as cars tend to gain power year-over-year – not lose it. Regardless, things are looking up for the forthcoming next-generation S650 2024 Ford Mustang V8, as sources familiar with the matter have told Ford Authority that it will approach 500 horsepower in at least one configuration.

Given the hierarchy of the current Mustang lineup, it’s unclear if that means the GT or Mach 1 will get this specific tune, but either way, it would represent a significant boost for the GT and a decent increase for the Mach 1, if that particular variant is offered in the new S650 lineup. The 2022 Mustang GT is rated to produce 450 horsepower and 410 pound-feet of torque, while the Mach 1 cranks out 470 horsepower and 410 pound-feet of torque.