[Video] Indianapolis Motor Speedway hosted the reveal of the 2017 Shelby GTE image

Because of the famed name, there are still lots of enthusiasts looking to own a Shelby Mustang, so while aficionados might crave for the GT350 power, the 2017 Shelby GTE will carry its weight through nostalgia and cachet.

The models are way cooler than the Mustang GT, even though they lack the punch of the automaker’s GT350 and Shelby American just introduced the GTE while crashing the Mustang Club of America’s meeting at Indianapolis Motor Speedway. When equipped, the pack will take the GT’s 5.0-liter V8 to 456 horsepower (340 kilowatts), a subtle tweak compared to the regular model’s 435 hp (324.4 kW). There’s also the alternative to have the EcoBoost version taken to 335 hp (249.8 kW), up from the standard 310 hp. Most of the mechanical tweaks are actually the work of Ford Performance, Shelby even taking the cat-back exhaust from the Blue Oval’s in-house tuner. The GTE also has the Ford Performance Handling Package.

Indianapolis Motor Speedway hosted the reveal of the 2017 Shelby GTE 7

While the power credentials are not entirely something to brag about, the Shelby tune does include a design penning. They have the Shelby vented hood, carbon fiber front splitter, and rear spoiler. The 19-inch Ford Performance wheels compliment the ton of Shelby badges inside and out – while Shelby also has a vast catalogue of other tweaks that can be performed on the coupe or convertible – ranging from upgraded brakes to different rear ratios or even more carbon fiber parts. Shelby asks $17,999 for the GTE package, which is available in the US and Canada.