Ford Shelby Cobra GT500

"Carroll Shelby is truly a living automotive legend, a Ford performance legend," says Martens. "It's a dream come true to be able to put the Shelby name on a Mustang again."

Carroll Shelby first put his name on a Mustang back in 1964 when he was asked to inject some high performance into the brand-new pony car. The result was the GT-350R, a lightweight, handling-focused race car that earned the Mustang its first performance credentials. Subsequent Shelby Mustangs included a street version of the race car, the GT-350, and what was known as the "rent-a-racer" Mustang, the GT-350H, a joint project with the Hertz rental car corporation.

The ultimate Shelby Mustang of the era was the GT-500KR, or "King of the Road." Powered by a big block 428-cubic inch "Cobra Jet" V-8, the GT-500 was one of the most powerful, and memorable, muscle cars of that period. Shelby Mustang production ceased in 1970 with a total volume of 14,559 units.

The Ford Special Vehicle Team brought performance back to Mustang in 1993. After 12 years and with nearly 80,000 high-performance Mustangs on the streets, and a total SVT vehicle production nearing 145,000 vehicles, SVT is primed for growth with the GT500 serving as the foundation for other performance Mustang projects.

By bringing together Carroll Shelby and Ford SVT, the company's commitment to performance becomes as powerful as at any time in its history - including the famed "Total Performance" days of the 1960s. From the Ford GT supercar, the GT500, to a rejuvenated Ford Racing Performance Parts program - performance and racing adds luster to its proud brand heritage.

"SVT has been and will remain the leader in performance vehicle engineering and marketing," says Martens. "SVT remains unique in offering the total performance experience. The return of Carroll Shelby to our performance family only strengthens our firepower."