It's time for a Fox Mustang history lesson here folks. Back in 1980, Ford launched Special Vehicle Operations (SVO) and brought in Michael Kranefuss, Ford's competition director in Europe to oversee the fledgling division. To promote the new division, the McLaren M81 Mustang was conceived. Just 10 of the projected 250 units were built (probably due to the $25,000 sticker price) but those that did put down the cash got a nearly hand-built Mustang with a modified 175 hp turbo 2.3L four, Stewart Warner gauges, bolt-in SCCA rollbar, Recaro buckets, and more. Who knows how many of the 10 M81s are still around, but we can honestly say this is the first time we've ever seen one in person. See what you missed?