Steve Saleen’s SMS Supercars is expanding its collection of available vehicles by adding three new variants to its 302 Ford Mustang line: White Label, Yellow Label and Black Label. The 302 White Label Mustang is available with an MSRP of $35,540 while the Yellow Label is available for $45,540. No pricing has been announced yet for the Black Label edition, but SMS Supercars claims it’ll be the ultimate SMS 302 Mustang once it’s available.

The three colors pay tribute to Steve Saleen’s former racing colors. The basic White Label model sports a 440-hp naturally aspirated V8. It also comes with suspension upgrades, a new exhaust, interior upgrades and a body kit for the outside. The Yellow Label, at $10,000 more, tosses on a supercharger giving the Mustang an impressive 545-hp. In addition, a set of 19-inch SMS wheels are bolted on along with performance rubber.

The only information SMS has on the Black Label version is that it’ll sport 575-hp with more aggressive exterior styling, leather interior, and S4 suspension.

GALLERY: SMS Supercars 302 Mustangs

Steve Saleen’s new company SMS Supercars is just about ready to unleash its version of the 2010 Mustang and has released a complete ordering guide for both versions of the Pony Car, as well as a few images of a near-completion prototype.

The images show a significantly more aggressive design with a new front fascia, side skirts, rear end and decklid spoiler. Other highlights include an SMS grille and fog lamp design, as well as a new Red Butterfly Air Induction Hood and signature 20-inch wheels.

Earlier this year SMS announced that it would create two models, the SMS 460 and 460X. The 460X is the big power option with an SMS 296 Supercharger bolted to a completely reworked 4.6-liter engine that will boast a displacement of 5.0-liters. As well as the displacement increase, the new 5.0-liter motor will also get significantly revised heads. The result of all these modifications will be 655hp and 600 ft-lbs of torque!

A less outrageous option is also offered, the 460, which includes the SMS 296 blower but not the added engine work. Power is rated at a still-impressive 470hp and 427 ft-lbs of torque

Both models are expected to hit 60 mph in the low 4 second range.

Of course, the SMS 460 Mustangs won’t just be straight -line performers and will include a revised suspension setup and  powerful new brakes. Also look for impressive interior work with plenty of leather and Alcantara.

“The SMS 460 Mustang embodies everything I stand for,” said Steve Saleen. “It reflects my unrivaled tenure in the Mustang business, my passion and love for the Mustang brand.”

Pricing has also been released with the base 460 model starting at $64,990 and the ultra high-performance 460X at $85,961. SMS will release convertible versions of both models as well with pricing set at $5,000 more than the coupe models.

Those who can’t wait can already spec out their new SMS Mustang here:

http://www.smssupercars.com/460-mustang-order-guide.html

GALLERY: SMS 460 Mustang

[Source: MotorTrend]

Steven Saleen’s new company, SMS Supercars, has just release some important details on its upcoming versions of the 2010 Ford Mustang. And as expected, the performance is impressive.

Two models will initially be available, the SMS 460 and SMS 460X. The 460X is the big power option with an SMS 296 Supercharger bolted to a completely reworked 4.6-liter engine that will boast a displacement of 5.0-liters. As well as the displacement increase, the new 5.0-liter motor will also get significantly revised heads. The result of all these modifications will be 655hp and 600 ft-lbs of torque!

A less outrageous option is also offered, the 460, which includes the SMS 296 blower but not the added engine work. Power is rated at a still-impressive 470hp and 427 ft-lbs of torque

Both models are expected to hit 60 mph in the low 4 second range.

The new 2010 Mustang SMS 460 models will feature a unique exterior (shown above in a sketch released by the company) with a new front splitter, side skirts, rear bumper and diffuser, as well as a new rear spoiler and the SMS Red Butterfly Air Induction Hood.

Of course, the SMS 460 Mustangs won’t just be straight -line performers and will include a revised suspension setup and  powerful new brakes. Also look for impressive interior work with plenty of leather and Alcantara.

Official release after the jump:

Orange County, California. (April 17, 2009) Steve Saleen, his name being synonymous with fast Mustangs, would not be Steve if he kept his hands off Ford’s newest pony. On the occasion of the 45th anniversary of the launch of the original Mustang in 1964, and in reflection on his 25 year association with America’s iconic sports car, Steve celebrates with Mustang aficionados from around the world in launching first sketches of the 2010 SMS 460 and SMS 460X Mustangs at the 45th Anniversary Celebrations in Birmingham, Alabama.

Instantly recognizable as Steve Saleen’s work, the new SMS 460 Mustangs feature a host of visual and technical highlights that set them apart from the crowd. “I previewed many of the features of my newest Mustang with the 25th anniversary car I showed last year,” says SMS Supercars CEO and President Steve Saleen.

The front fascia treatment, the SMS Red Butterfly Air Induction HoodTM, the front and side splitters, the rear fascia and diffuser with the high down-force rear wing showed the way Steve Saleen is looking at Mustangs today. “You have to go with the times. While the Mustang remains an icon, Ford has done a very good job with the 2010 model. I wanted to interpret it using my signature to create the latest Steve Saleen version of this American favorite.”

The SMS 460 Mustang offers a 4.6 liter V8 engine featuring a minimum 470 hp and 427 ft-lb of torque, while the even more powerful SMS 460X Mustang engine with all new internal and headwork delivers 655 hp and 600 ft-lb out of the enlarged 5.0 liter V8. Both use the new (patent pending) SMS 296 Supercharger presented last week at the New York International Auto Show. Transmission options are a 5-speed automatic or 5-speed manual on the 460 or a 6-speed SMST manual on the top of the line 460X.

Performance for both cars is expectedly striking. The 460 Mustang accelerates from 0 to 60 in the low 4 seconds, while the 460X manages the same in the lower 4′s. In addition to engine output, handling, roadholding and braking play an equally important role. The 2010 SMS 460 Mustangs feature Steve’s signature Watt’s linkage suspension with all-new geometry. New SMS brakes front and rear deliver impressive stopping power to match the jaw-dropping performance.

The interior with all-new Alcantara and leather SMS performance seats features the patented Signature Series chevron stripes. Dash and interior panels are covered in hand-stitched high-quality leather. Multiple seat chevron and SMS unique exterior colors are available.

More details about Steve Saleen’s latest Mustang will be revealed in the spring of 2009, deliveries are expected to start mid-summer. Customers interested in buying a SMS 460 and SMS 460X Mustang can either contact SMS Supercars directly at www.smssupercars.com or by calling (714) 400 2121.