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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Apr 09 2012, 2:32 PM

At this past weekend’s Barrett-Jackson auction, a Shelby GT500 decked out in American flag livery sold — twice, for a combined total of $950,000, with all proceeds going to the Wounded Warriors Family Support charity (WWFS).

The car was purchased first by Ronnie Rains, a Vietnam veteran, for $500,000. Rains immediately donated the car back to the auction to be sold again, saying that he wanted to show his strong personal support for the WWFS charity. The car was then sold again, this time fetching $450,000 from a Florida man.

The auctioned GT500 participated in a cross-country drive to tour 48 states and be covered in signatures from veterans and others who have been affected by war.

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 |  Nov 12 2010, 11:36 PM

How this prototype flew under the radar this long, we’re not even sure. But Shelby American and Nelson Racing Engines have teamed up to produce a twin-turbo Ford Shelby GT500 that pumps out over 1,000-rwhp. The Code Red GT500 is still in a prototype phase, but we wouldn’t be surprised if Shelby offers the package to enthusiasts in the near future.

Nelson Racing Engines has modified the GT500 powerplant to a 5.4L V8 paired to two 61mm Turbonetics turbochargers. Plenty of fuel has also been dumped into the system to ensure a proper air/fuel ratio with all the extra air. The dual fuel system includes fuel cells for both race and street gas, and of course an electronic boost controller regulates boost levels at varying rpms and gears.

We’ll be willing to guess that if Shelby chooses to release this package to the public, they’ll also complement it with their standard modifications including Baer’s big brake upgrade, adjustable suspension co-branded with Eibach, a Currie rear end, and more. Shelby currently estimates that a package would cost a significant $100,000 or so – vehicle not included.

[Source: Autoblog]

See more pics of the car after the jump:

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