Since the 2008 Mustang Cobra Jet did a great job living up to it's name, Ford now plans on releasing a 2010 Ford Mustang Cobra Jet. The announcement of the muscle car was officially made a few days ago at the National Mustang Racing Association event in Milan. Ford plans to make only 50 2010 Cobra Jet Mustangs. The initial plan for the Cobra Jet is to receive a 425-hp 5.4-liter supercharged engine from the Ford Racing Performance Parts catalog. But, nothing is in writing just yet, component testing is underway and base pricing will be less than $75,000. So get ready Mustan fans!