The Shelby Series 1 originally came out in 1999 and was heralded as the only vehicle designed and built from the ground up by Carroll Shelby and his company. Now one of the late production Shelby 1 vehicles produced in 2005 can be yours with just 451-miles on the odometer and a price tag of $129,900.

The Series 1 was developed as a descendant of the legendary Cobra, featuring carbon fiber construction, race-inspired suspension components and a new-age Oldsmobile 4.0L V8 powerplant with 320-hp and 290 lb-ft of torque. The result is a one-of-a-kind sports car that goes 0-60 mph in just 4.4-seconds and runs a 12-second quarter mile time and a top speed of 170-mph.

Suspension wise, Shelby’s Series 1 features coilover shocks and independent rear suspension. Impressively, brakes come from a Chevrolet C5 Corvette, while Shelby outfits each corner with their custom three-piece wheels in a staggered 18×10-inch and 18×12-inch setup.

Inside, the Series 1 is pure luxury with deep leather bucket seats and a custom dash with some off-the-shelf GM components. Even though it carries quite a hefty price tag, it’s a small price to pay for a very rare and perfect piece of machinery.

Check out a video highlighting this collector’s car after the break.

GALLERY: 1999 Shelby Series I

[Source: RK Motors]

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The 2013 Ford Shelby GT500 might not have the wedge shape of a European supercar, but its 202 mph top speed puts it in a rareified world of hand-built Italian exotics.

SVT engineer Jamal Hameedi told MustangsDaily that the GT500 recorded a top speed of 202 mph during testing, thanks to the improved power figures and some apparent aerodynamic changes. Hameedi also said that while Ford was doing suspension testing at the famed Nurburgring, they didn’t record any times for the GT500, avoiding the typical Nurburgring bragging rights contest that so many automakers fall prey to.

[Source: MustangsDaily]

Whoever said money can’t buy happiness obviously never had a Shelby Cobra and an empty living room.

The exact reason for this extreme level of hoonage isn’t known. Maybe the bank foreclosed on his house. Maybe, as one YouTube commented speculates, the talented driver in question just went through a divorce: he got the car, she go the house.

Either way, this is one of those occasions where words just won’t do, so watch the video after the jump:

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Have you ever gone to an auto show and fell in love with a concept car? Yes, we have too, so no need to feel embarrassed.

However, if you have the means, you can possibly own two concept cars shown by Ford in the last decade. We are talking about the 2001 Ford Thunderbird Sports Roadster Concept and the 2004 Ford Shelby GR-1 Concept.

Both these vehicles will be presented by RM Auctions at their upcoming event held in Monterey, CA. on August 19th.

Proceeds from the sale will go towards the Juvenile Diabetes Research Foundation, a charity Ford has supported over the years.

As for the cars, while the Thunderbird Sports Roadster concept is a functioning vehicle, the Shelby GR-1 is just a rolling platform. While the GR-1 cannot be driven, we think its still better than buying an ancient oil painting.

RM Auctions predicts the Thunderbird Sports Roadster concept will fetch between $125,000 – $175,000, while the beautiful Shelby GR-1 will get between $150,000 – $200,000.

This auction is part of the annual Pebble Beach Concours event which attracts the worlds rarest cars and also some of the world’s wealthiest people. It truly is an auto show like no other.

GALLERY: Shelby GR-1 Concept

[Source: Art Daily]

Carroll Shelby (or rather, his well-lubricated PR machine) has responded to the charges of rape and employment hostility raised by former secretary Angelica Smith, labeling the lawsuit “frivolous.”

Shelby claims that Smith was fired not because she went to him with charges of rape (from another employee), but because The Shelbster simply didn’t need a secretary anymore. The company will fight the allegations to the end.

The full statement reads: “Carroll Shelby is disappointed that such wild and fantastical allegations have been made by a former employee.  The fact is that her position was no longer required due to Mr. Shelby’s age, health and work schedule.   But this apparently disgruntled former employee and her counsel have chosen to turn this into yet another prematurely publicized, frivolous lawsuit against a public figure.  Carroll Shelby has full confidence in the judicial system and believes that the truth will come out through the legal process.”

You may not have been there for the actual event, but that doesn’t mean you can’t look like you were there. Morgan’s & Phillip’s (M&P) Apparel has just released three new vintage Shelby Apparel t-shirts that depict great moments in the automaker’s history.

Made in the USA from high-quality cotton, the new shirts that join the collection are the 1965 World Championship Tee, the Shelby 1962 and GT350 1965. Let’s take the 1965 World Championship Tee – this shirt is based on the classics Shelby Shirt that was offered for sale and worn by team members in the 1960s. And in 1965, the 427 Cobra was launched and the all new Shelby GT350 made its debut.

The Shelby 1962 Tee  displays the famous  Cobra Logo made famous by the car that would shake up the racing world, while the GT350 1965 Tee displaying the GT350 logo worn by the car that was built at Los Angeles International Airport.

The new shirts, which will set you back about $34, are now available at M&P retailers, including World Class Motoring, Bullet Performance Australia, Blueberry Japan, the Shelby Museum Store, and many others.  You can also shop online at the M&P website. Check out the website for tons of cool clothes and accessories for men, women and kids.

The legendary Carroll Shelby is being sued by a receptionist, who claims that she was sexually assaulted by Shelby as well as raped by another employee, then fired.

Angelica Smith was hired by Shelby as his secretary in 2005, but ended up becoming a personal servant—and claims that Shelby sent her out to buy liquor and pornography for him. Shelby “ran a pervasively hostile work environment” that involved groping Smith at his home, and another time when another Shelby employee drugged and raped her in December 2010.

Smith went to Shelby to report him, but ended up getting fired. Now she’s suing both Shelby, who certainly has plenty of lawsuit experience, the Shelby company, as well as the rapist in question for $5 million in damages.

Knowing Shelby, however, he’ll probably find a way to sue her instead.

[Source: TMZ]

Shelby has just unveiled the name of its upcoming supercar, the SSC Tuatara, which is expected to reclaim the position as the fastest production car in the world.

The American automaker’s previous model, the Ultimate Aero TT, came equipped with a twin turbocharged V8 which produced 1,287-hp and beat the Bugatti Veyron. The Aero TT achieved a top speed of 414 km/h (257 mph). However the speed record was reclaimed by the Bugatti Veyrom Super Sport.

The Tuatara name was chosen because of inspiration drawn from the lizard that lives in New Zealand. The name means “peaks on the back”, which is symbolic to the winglets on the back of the new car. The reptile also possesses the fastest evolving DNA on the planet, which inspired Jerod Shelby. Shelby said, “Most manufacturers essentially use the same basic model and body shape for up to 10 years, while only making small refinements to it each year. After only three years in production with the Ultimate Aero, SSC’s Tuatara is about to monumentally evolve in the areas of sophistication, design, aerodynamics and shear all‐around performance. We felt that the fastest evolving DNA was a perfect definition of SSC’s latest project”.

Details on the Tuatara are still top secret but what is known is that the car will be powered by a 7.0-liter DOHC V8 twin-turbo cranking out around 1,350-hp. The car will weigh approximately 1,200 kg (2,654 lbs) and will accelerate from 0-62 mph in 2.8 seconds.  The Tuatara is also expected to have a top speed of 442 km/h (275 mph).

Check out the video of the Tuatara after the jump!

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The twin-turbocharged rumors surrounding the next generation Mustang GT500 have been put to bed according to reports on the web of the Ford’s decision to hold onto its supercharger.

Even with the blower, Ford is confident that it will release the next-gen GT500 with enough power to shake off the menacing Chevrolet Camaro ZL1. The current GT500 produces 550-hp and sources have indicated that the new model will have at least 20-hp more.

A completely redesigned Mustang is slated to debut in 2014 as a 2015 model. Specifics on the redesign are still unknown but info will soon be released! Stay tuned for more info!

[Source: MotorAuthority]

Well, here’s a new one. In a world where front end and rear end conversions are long gone – thankfully – the Internet has found a new gem that even the most creative car builders might scratch their heads on. Now before you think we’re completely hating on this build, we have to commend the overall craftsmanship that was involved in putting it together. The front end and rear end conversion are actually nicely done, flowing well with the overall body lines of the BMW E23 7-Series. Of course these photos aren’t exactly the highest of quality, but the fit and finish seem pretty impressive.

What we have here is a rare first-generation BMW 7-Series sporting a Shelby Mustang front end and a rear end conversion sporting the unmistakable look of an R34 Skyline GT-R. Is it something we’d ever do? Probably not. But when it comes to a cookie-cutter world, we have to commend those that think outside the box. Even if it’s way outside the box.

[Source: Carscoop]

GALLERY: BMW 728i with Shelby Mustang front & Skyline R34 rear