Ford prices Shelby GT, begins production

Ford and Shelby Automobiles have started production of the Shelby GT -- a retail version of the new GT-H "Hertz Mustang." The 2007 Ford Shelby GT will be priced a starting MSRP of $36,970. The first production-built Shelby GT, CSM No. 07SGT0001 will go over the auction block in support of the Carroll Shelby Children's Foundation at the Barrett-Jackson Scottsdale Collector Car Event on Saturday, January 20th.

Ford Shelby Mustangs routinely fetch top dollar: The first publicly available Shelby GT500 sold for $600,000 in January 2006, the first Shelby GT-H sold to the public commanded $250,000 in late July, and Shelby GT-Hs coming off Hertz rental duty are selling for $68,000-$90,000 at auction.

"I couldn't be more excited to see production up and running on a new Shelby Mustang," says Carroll Shelby, CEO and Chairman of Shelby Automobiles, Inc. "The new Shelby GT is a great addition to the Shelby GT500 and Shelby GT-H, and it will only further the lead that Mustang has in the coming muscle car wars."