By John D. Stoll 

LOS ANGELES-- Henrik Fisker is tying his future to one of the most iconic automobiles in American history: the Ford Mustang.

About a year and a half after his high-profile resignation from the hybrid-electric supercar company he founded, Mr. Fisker used the Los Angeles Auto Show as the platform to show off his next venture. Working with the largest Ford dealer in America, the Danish car designer plans to produce hundreds of modified Ford Mustangs. Dubbed the "Rocket," the revved-up Mustang will make 725 horsepower and cost more than $100,000.

Mr. Fisker is the latest gear head to enter a cottage industry of entrepreneurs who take existing cars--ranging from Mustangs to Tesla electric roadsters--and modify them by adding bigger engines, rebuilding body panels or tricking out interiors. Steve Saleen, Jack Roush, Carroll Shelby and John Lingenfelter are a few of the industry's well-known car modifiers.

But the move represents an abrupt turn for Mr. Fisker, who made a name as an Aston Martin and BMW AG designer and then started his own company building the Fisker Karma plug-in hybrid, a highly efficient automobile known more for its sophisticated engineering than brawn. After selling more than 2,000 Karmas, also priced at more than $100,000, Mr. Fisker left the company he founded. Fisker Automotive was purchased by a Chinese auto parts company.

In an interview, Mr. Fisker said he is working on an "exciting new venture," but wouldn't elaborate when pressed for more details on his plan. For now, he is committed to working with Galpin Motors--a California Ford Motor Co. dealer--on fabricating and selling the Rocket, which is anything but a highly fuel-efficient hybrid car.

Fuel economy numbers weren't available. Mr. Fisker said he has to abide by Environmental Protection Agency regulations, but those standards are different for vehicle customizers than they are for car companies building vehicles from scratch.

GFMI Metalcrafters Inc., a Fountain Valley, Calif., concept-car builder, and Galpin's Auto Sports customization division will produce the car. The Galpin dealership is responsible for distribution.

Mr. Fisker and Galpin's owner, Beau Boeckmann, agreed to embark on the project at a recent car show in Pebble Beach,

Mr. Fisker's new venture has him playing the role of the auto industry's version of app developers, who build games or other mobile products by using a specific software platform provided by a large company, such as Apple Inc.'s iOS. Instead of software, he used the redesigned Ford Mustang as his platform.

To build the Rocket, he takes many of the traditional sheet-metal panels off a Mustang and replaces them with carbon fiber materials. Mr. Fisker redesigned the grill, the hood, the fenders, the spoiler and other parts of the car.

He said he did most of his design work without having the actual car to look at. After months of design work, he finally received an actual redesigned Mustang (which Ford is just now putting on sale) six weeks ago, forcing him to race to get a car done that could be displayed at the Los Angeles Auto Show.

"This was quite unique. I would like to have had a little bit more time. (But) I had thought about this design for a while and that kind of gave me a little bit of a head start."

The Rocket is fitted with a V8 engine that is capable of churning out 725 horsepower. The car, Mr. Fisker says, is the first of a low-volume series.

Write to John D. Stoll at john.stoll@wsj.com

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