“Everybody loves Mustang,” Allison continued. “That was evident last year from the fan reaction when we announced it was going to be our new model in the NASCAR Nationwide Series starting later this year. This is just another way to showcase a true American icon in its most natural environment.”

The last time a Ford served as pace car for the Daytona 500 was 1970 when a Ford Torino GT convertible led the field to the green flag.

And while Mustang may have been a rookie when it comes to pacing the Daytona 500, its 45-year history is firmly entrenched in racing and winning championships. Mustang captured championships last year in the Grand-Am KONI and SCCA SPEED World Challenge, in addition to leading Robert Hight to his first NHRA Funny Car championship.

Another element that maded this year’s pace car even more unique was that it was auctioned off for charity before the actual race. TheMustang GT Daytona 500 Pace Car sold at the annual Barrett-Jackson Scottsdale Collector Car Auction, which took place in Scottsdale, Ariz. Seven-time Daytona 500 champion Richard Petty, the newest member of the Ford Racing family, was on site to help hand over the car to the winning bidder.

All proceeds over the manufacturer’s suggested retail price from the pace car auction went to help cure childhood diabetes through a donation to the Juvenile Diabetes Research Foundation.

About the 2011 Mustang GT
The new Mustang GT continues Ford’s powertrain offensive with an all-new 5.0-liter V-8, which uses advanced technology to deliver 412 horsepower and projected unsurpassed highway mileage of 25 mpg.

The 2011, Mustang GT adds specially tuned Electric Power Assist Steering (EPAS), 11.5-inch front and 11.8-inch rear vented disc brakes, and an enhanced suspension featuring an improved rear lower control arm and stiffened rear stabilizer bushings.

For enthusiasts, a Brembo brake package, with larger rotors and calipers from the Ford Shelby GT500® Mustang, unique 19-inch wheels and summer performance tires, is offered; new fender badges herald return of the 5.0-liter engine.