One of the most iconic names in Mustang lore is coming back. On Friday, Ford announced that it will offer a Mustang Mach 1 for the 2021 model year. It will be the fifth Mustang Mach 1 in Ford history, and the first to wear the badge since 2004. Ford says it will be the “most track-capable 5.0-liter Mustang ever.” (The Shelby GT500 and GT350 both have 5.2-liter V8s, with the former’s being supercharged.)

Historically, the Mustang Mach 1 has been a bridge model for Ford, sitting between the standard Mustangs and those super-high-performance Shelby editions by offering a upgraded suspension components and a racier appearance package. Like the Mach 1’s last debut in 2003, Ford will likely use it to replace the Bullitt edition Mustang, which currently occupies a similar role.

Ford didn’t offer any specifics about the Mach 1 yet, beyond the engine being a naturally aspirated 5.0-liter V8 and it packing a set of Brembo brakes. One of the big questions on our minds, though:  whether the engine will receive a bump up to 500 horsepower. The standard GT currently puts out 460 hp, while the Bullitt reaches 480 hp. 500 seems like a nice round number — and a reasonable target.

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