Simply put, the Ford GT is an all-American supercar that was created in homage to the GT40 racecars that dominated competition at Le Mans in the mid-1960s. A supercharged, midmounted V-8 produces 550 horsepower, which is roughly equivalent to the output from the original, larger engine that went into competition GT40 cars. A limited-edition model for 2006 commemorates Ford's 1966 victory at the 24 Hours of Le Mans.