Street Or Strip, The Keisers Love Their 1968 482-Powered Mustang

Whether it’s wheels-up at the drag strip or ordering ice cream from their local drive-in parlor, Matt and Charla Keiser can’t get enough of their ’68 482 FE-powered Mustang. (No, that is not a typo. It is a 482.) A fan of everything Cobra Jet, Matt always wanted a ’68 428 CJ, but one that suited his flavor. In this case, it’s the red fastback that the Keiser family has transformed into its ultimate example.

Knowing he’d want to go beyond stock, Matt found a small-block, fastback Mustang for
the project and then it was go time, literally.

I grew up around Mustangs; they’ve been part of our family for as long as I can
remember, and the first opportunity I had to buy a fastback was this car,”

Car owner Matt Kaiser

“I was in college — that was back in 1993,” Matt recalled. ”We bought this car and probably spent money that should have gone towards tuition, but I had the opportunity. I was working for my uncle and cousin at a car dealership at the time while I was working my way through school.”

Matt continued, “The car sat under tarps. It had been a project started years before, and just kind of got pushed to the wayside. The family that had it were gracious enough to sell it to me, and then it went in storage for a while. It was an absolute basket case. The car was basically a bare shell. It had no drivetrain, but it was solid. And, you know, at that time, I was a young guy, didn’t care. It was a ’68 fastback and that’s all that mattered.

Ah, the joy of youth.

“So, it went in storage for a lot of years and Charla and I got married, started a family, and that obviously took priority. Then around 2000, we made a honest effort to get the car put together. It’s originally a Candy Apple red car that had a small-block. With the dollar value of the real R-code cars, [being a small block] made it an affordable start for us. But I’m a big-block guy. Everything we own is FE-powered, so it had to be FE. We never try to claim the car as being original, but we wanted to do an honest tribute to the Cobra Jets,” he stated.

Matt got the ’68 running with a 428 CJ engine, which motivated the Mustang for several years. He bracket raced at local northern Indiana tracks, along with racing in the now-defunct NMCA (National Muscle Car Association), along with cruising the streets at home on the weekends.

“We enjoyed doing the Index class and Nostalgia Super Stock, and just fell in love with it, but eventually we broke the stock block and decided to upgrade,” Matt said.

While Matt started with a legit 428 Cobra Jet, he wanted more power and reliability. He arrived at a 482-inch FE for the current engine. It’s got a Bear Block Motors iron aftermarket block and stroker crank. Amazingly, he retained a flat-tappet cam (a custom grind from Brent Lykins) and kept the compression at 12:1 so he could continue to drive the Mustang on the street (albeit with race gas).

“Over the years we made more and more power. With the old engine, the car was running 10.50s consistently, but we finally busted the block. So. I knew we were at the limits of what the vintage iron was going to be able to take. So, we chose a Bear Block Motors (BBM) iron block; it’s a super stout piece,“ said Matt. ”We also decided to bring the cubic inches up a little bit, so it’s got a stroker crank, too, and Trick Flow heads. It also has an SP four-barrel carburetor and a TFS intake. We turn 7,000 rpm — that’s the beauty of having all the cubes, you don’t have to rev very high.”

Matt told us the 482 has not been on a dyno, but the pretty red pony has run a best of 9.78 at 135 mph in the quarter-mile — and that was at 3,485 lbs. with the driver.

With years of racing and street driving under his belt, Matt has the Ford dialed in. ”The car, the suspension, really everything, has taken a lot of time,” Matt explained. The drivetrain consists of a C-4 three-speed automatic for lighter weight, with a low first-gear for improved acceleration. The transmission is fully rollarized and was built by Joel’s On Joy.

The rear is a built Ford 9-inch with 3.89:1 gearing, but Matt’s experimented with as low as a 4.30. “With the torque that this 482 makes, it really likes that 3.89 gear,” he added.

To improve performance and structural integrity, Matt added a strut tower brace system
from Competition Engineering. This came because of doing monster wheelies repeatedly. It also has a six-point roll bar tied into the frame.

“The body’s good and solid structurally, but it was coming down pretty hard,” Matt said. “We got Caltracs on the rear, with the Calvert Racing split mono leaf springs. Everything on the front’s been fully rollarized, including the upper and lower control arms, and we still use stock spring perches. After the big wheelstands came, we finally put some money towards adjustable shocks, so we’re able to tune it now.

“I wanted a stock appearing car, not something that just stood out as an all-out race car, you know, just bad-to-the-bone streetcar. But it still screams that it has that Cobra Jet feel to it,” Matt said.

This car has been a family effort since the beginning. Matt and his dad worked on it a lot together. There are bits and pieces his father fabricated, like the gauge cluster. He assembled the original 428 back in the day and Matt built the new one. This paint is 20-plus years old, but still looks great.

“My uncle and I painted this car together. And this was the first time I ever went in the booth and sprayed. We took turns putting base coats down and then putting the clear down. And then, as we started our family, our boys have now gotten older, and they are a part of it. Charla and I do this together. She’s absolutely my partner in this, and she’s become a real integral part of our racing. I couldn’t do it without her.”

The Mustang is a crowd pleaser. It leaves smooth and beautiful and Matt has learned to control the big wheelies. It’s a classic, so you don’t want to scuff the paint on this thing While Matt has gone well into the 9s, he’s mainly limited to 10.0 in the quarter because he doesn’t have a full cage.

The Mustang draws a crowd at the track or on the street, but its biggest fan is Charla.

“I’ve driven it, too,” said Charla. “We like to take it to the local cruise nights and car shows. The kids love it and we love it. I mostly love Matt’s passion. He’s put his heart and soul into this car; it’s a part of our family. But hands down I love the headers and the exhaust (when we run it with pipes on the street. I mean, it’s got the big-block FE sound. They are unique,” she stated. And I love the reaction when we take it out; it’s a head turner. Everybody stops. Everybody pays attention.