2011 Ford Mustang Gets 315 HP V6, 5.0-Liter "Coyote" V8, Six-Speed Gearbox

The 2011 Ford Mustang V6 will get a Camaro-beating 315 HP V6, according to leaked info posted on The Mustang Source. The new "Coyote" V8, however, will only make 400 HP, slightly behind the Camaro SS. More below.

This information is in line with what we've been hearing from our sources at Ford all year. The 2010 Ford Mustang GT came second in our Muscle Car Comparison Test chiefly due to the horsepower deficit between it and the 2010 Chevy Camaro SS (As well as a lack of panache. Wes keeps forgetting this. Kids. — Ed.), an additional 85 HP will go a long way towards making that up.

When we tested a Track Pack-equipped 2010 Mustang GT late last year we were enormously impressed by its handling and composure, with our only real concern being over the somewhat weak and wooden brakes. The Brembos would be a welcome addition.

Here's The Mustang Source's inside scoop:

3.7L V6 to be rated at 315 horsepower: Same as 2010 GT; 15 hp more than Camaro V6
No immediate plans for EcoBoost V6 Mustang due to small horsepower gap between EcoBoost and 5.0L V8 (365 vs 400)
2011 Mustang GT to be rated at 400 horsepower, will get increase in 2012
2011 Mustang GT to get 6-speed transmission and variable valve timing
2011 Mustang GT Track Pack to include Brembo brakes
2011 Mustang GT 5.0L V8, 6-speed, track pack, Brembo brakes ran even with 414-hp BMW M3, which is 200 lbs lighter, at GingerMan Raceway in South Haven, Michigan
2011 Shelby GT500 to get Aluminum Block
Next special edition: 2012 Boss

It should be noted that the lap time comparison allegedly took place between a Mustang wearing R-compound rubber and an M3 on street tires.