Dearborn, 30 March 2007: Ford announces the return of the King Of The Road - the Shelby Mustang GT500KR. Powered by a 540bhp 5.4-litre supercharged V8, only 1000 examples are expected to be built. Deliveries will commence in Spring 2008.
Scottsdale, 18-21 January 2007: The Russo & Steele auction saw a very unusual GT40 on sale. The car was GT40/1147, first of the concept cars, and owned by Safir GT40 Spares Ltd. Its new owners plan to use the non-runner as a promotional display car.
Scottsdale, 18-21 January 2007: The Russo & Steele auction had a unique vehicle under the hammer; final bid for the one and only Shelby Type 65 Super Coupe was a resounding $1,320,000.
March 2007: Ford GT half-shafts have come loose in at least four instances, according to complaints received by federal safety regulators, who are not conducting a defect investigation.


Shelby GT500 Goes Red
DEARBORN, April 19, 2007: Can a unique vehicle be made more unique? Ford thinks so and has proved the point with the release of the Shelby GT500 Red Stripe Appearance Package. Enthusiasts can choose the new package on a limited number of 2007 Shelby GT500 models to be produced for approximately five weeks between early May and the end of the 2007 model year production in late June.
Drivers opting for the Red Stripe Appearance Package get bright red top and side stripes. The interior features red and black leather and unique new premium carpeted floor mats – ebony carpet with red and silver embroidered version of Shelby’s famous ‘Cobra Snake’ logo. Additional exterior details are unique red exterior badges featuring the Shelby cobra on the fenders, grille, faux gas cap and the Shelby deck lid. Part of the package is a unique Shelby GT500 Car Cover. The car cover is an option on the standard GT500 model. The Red Appearance Package is available only on the Shelby GT500 coupe with either white or black exterior colours. This option price is $1,500 MSRP.
Beneath the hood of every GT500 – including the new Red model – is a 5.4-litre supercharged V-8 engine officially rated at 500 hp, and a 6-speed manual gearbox featuring evenly-spaced gears. (Photographs by Ford)