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Carroll Shelby builds GT350s from 2011 Ford Mustang GTs

Among muscle-car fans, Mustang's original Shelby GT350 holds a special place in history as the premier powerful, track-hugging, custom Ford pony car of the late 1960s.

Now Carroll Shelby, who just turned 87, is modifying the latest high-powered 2011 Ford Mustang GT, due on sale this spring, to create a new version of the GT350, which was formally unveiled Monday night at the opening gala for the Barrett-Jackson Auction in Scottsdale, Ariz.

The new car is being released on the 45th anniversary of the original GT350, and only about 2,200 of them will be produced over the next two years.

The new GT350 plays heavily on nostalgia and is aimed straight at "old Baby Boomers" who remember the original, Shelby says. "They love the performance and they will stick with it."

Even better, there is a higher likelihood than with younger Shelby fans that Boomers can afford it. To get one, buyers first have to purchase a new, stock 2011 Mustang GT from Ford, which is expected to be priced at $30,000. Then they will need to write a check to Shelby American for an additional $33,995 to pay for morphing the car into a GT350.

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News and Events

Carroll Shelby builds GT350s from 2011 Ford Mustang GTs
Among muscle-car fans, Mustang's original Shelby GT350 holds a special place in history as the premier ...