Ford Australia revealed its third-generation racer for the Repco Supercars Championship at the legendary Mount Panorama ahead of this weekend’s Bathurst 1000.

Powered by a 5.4-liter version of the Coyote V8, this iteration of the race car is the closest-to-production version ever made for the Supercars Championship. Built to meet Gen3 regulations, the new set of rules for the series that aims to increase relevance to roadgoing products.

That means that the Mustang, and the Camaro against which it will compete, will have fewer aerodynamic aids, reduce the costs for teams, and hopefully increase on-track entertainment for the fans since cars can draft more easily.

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“As Supercars enters a new era—with new ownership and the incoming Gen3 technical regulations, Ford is demonstrating its continuing commitment to Australia,” said Andrew Birkic, President and CEO, Ford Australia. “We want to make the sport better for the fans, with more relevant cars, and more entertaining racing.”

Although performance figures remain scant, the car is slated for testing in 2022 and its racing debut will come at the first round of the 2023 Repco Supercars Championship season.

“There is no question when you look at the Mustang GT Gen3 Supercar that this is a Mustang. It absolutely looks the part, which was focus one for us in the design and development phase for this vehicle,” said Mark Rushbrook, Global Director Ford Performance. “The fact that it’s powered by a production-based Ford engine is the icing on the cake. Early indications are that this is going to be a fantastic race car, and we couldn’t be prouder of the work that has been put in by the Dick Johnson Racing team.”

Those interested in seeing the Gen3 Mustang Supercar ahead of its racing debut are in luck as the Gen3 Supercars prototype is scheduled to do demonstration laps on Friday, Saturday, and Sunday between events at the Bathurst 1000.