Call it a coincidence if you'd like, but just as Ford released details of the 2013 Shelby Mustang GT500, Chevrolet has announced performance numbers and pricing for their 2012 Camaro ZL1. With a starting price of $54,995, buyers are treated to a 6.2-liter V8 with 580hp and 556lb-ft of torque. It comes with a standard six-speed manual gearbox or an optional six-speed auto with TapShift controls.

Going from 0 to 60mph in a blistering 3.9 seconds and with a top speed of 184 mph, it's also designed to be track-capable directly from the factory without any additional modifications. It comes standard with a rear-differential cooler, an integrated engine-and transmission-oil cooler, and brake-cooling ducts. In addition, owners will be treated to the third-generation of Magnetic Ride Control, which employs valve-less damping and Magnet-Rheological fluid technology that can vary the suspension's firmness to match the road and driving conditions.

According to Al Oppenheiser, Camaro chief engineer, "Traditional suspension systems at some point compromise ride quality for road-holding grip and body control...Magnetic Body Control offers the best of both worlds: A comfortable ride that makes the ZL1 appropriate as a daily driver and the incredibly precise body control that makes it so enjoyable at the track." While that's all still very impressive, the fact remains is that the 2013 Shelby GT500 is the faster car (for now). The 2012 Camaro ZL1 will arrive in showrooms this Spring and the convertible version will go on sale over the summer.