Forty years after Parnelli Jones won theTrans-Am title in a BOSS 302 Mustang the a new Mustang will contest the Grand-Am Continental Tire Sports Car (formally KONI) Challenge, starting January 29 at Daytona.

Five teams will run the new Bud Moore Engineering built BOSS 302R Mustang this weekend, while Parnelli Jones himself visits them and their drivers at the famous speedway.

“The original BOSS 302 was a championship-winning icon,” said Jamie Allison, Ford North Motorsports directors. “The new Mustang BOSS 302R will be ready to carry on that tradition. The Mustang was born to race from the start, and this new Mustang is born to win.”

The new car also follows the success of the Mustang FR500C. The car won on its Daytona debut in 2005, before winning three drivers' title and sweeping the drivers', teams' and manufacturers' titles in 2008 and 2009, as well as running the European based GT3 and GT4 championships.

The new car features the five-litre V8 Ford Racing BOSS 302 Crate engine coupled to a manual, six speed gearbox, and is available in a ready-to-race, Grand-Am homologated package for $129,000.

“We have won three championships in five years, so we know how to make a Mustang fast,” said Andy Slankard of Ford Racing's engineering department. “So far, everything is looking really solid. I don't anticipate any major changes. We are pretty sorted with the content that will be in the car. We are just working on things to make sure they are durable and reliable.”