New York (CNN Business) Ford's new supercharged high-performance Mustang, the Shelby GT500, is the most powerful car Ford has ever produced — and it will have a price to match.

The 760 horsepower car will start at about $74,000, including $1,100 in destination charges and a $2,600 federal "gas guzzler" tax. With all available performance options added on, prices will reach $97,000. Those performance options include a "carbon fiber trim" package that, by itself, will cost $18,500.

The price is similar to that of its rivals, such as the 797 horsepower Dodge Challenger Hellcat Redeye, which costs about $78,000.

The Ford Shelby GT500 can produce more horsepower than the Ford GT supercar. It's the most poweful road-going car Ford has ever produced.

The GT500 will go on sale in the fall. Combined with a seven-speed automatic transmission, its supercharged V8 engine will enable the car to go 0 to 60 in about 3.5 seconds, according to Ford. Manual transmission will not be offered.

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