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NEWS
from CSBI |
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Carroll
Shelby International Inc.(OTCBB: CSBI)
Dear Reader:
The Financial Times reported the introduction of Ford's
new Shelby Cobra roadster. This automobile is an exciting
collaberation between Ford and racing legend Caroll Shelby.
Read the story below or click here
to go directly to the Financial Times web site.
Ford Motor Company Chairman and CEO Bill Ford Jr. (L) and Carroll
Shelby (R) introduce the new Ford Shelby Cobra concept during the
press day at the North American International Auto Show in Detroit,
Michigan, January 4, 2004.
Ford unveils the new Shelby Cobra
By Jeremy Grant in Detroit (Financial Times)
Published: January 5 2004 9:24 | Last Updated:
January 5 2004 9:24
Ford Motor returned to its racing roots by unveiling late on Sunday
a new version of its Ford Shelby Cobra, a two-seater, V10 roadster
developed in collaboration with US racing car driver Carroll Shelby.
The vehicle was designed to highlight Ford’s focus on developing
its passenger cars in the next two years, and was displayed at the
Detroit motor show alongside another racing vehicle, the latest
version of Ford’s GT.
While no decision has been made on whether to bring the Shelby
Cobra into commercial production, the GT goes on sale later this
year for under $150,000 per vehicle. Ford expects to sell about
5,000 GTs in the next five years and maintains a waiting list of
potential customers for the vehicle.
Ford has invested heavily in the revival of its racing image in
order to win back customers, especially in North America, after
years focusing on sport utility vehicles and pickup trucks.
Although margins on limited production, high-performance vehicles
are modest, Ford expects the GT and Shelby Cobra – should it go
into production – to be profitable. Sir Nick Scheele, Ford's chief
operating officer, said: “We are a company founded on our racing
and I think many of us believe that our future is bound up with
motor racing. We have to do this. But we are not doing anything
now that doesn’t have a business case.”
He said about 120 GTs would be fitted with left-hand drive steering
for sale in Europe.
The 600-horsepower Shelby Cobra is built on the same basic undercarriage
as the GT. It has no roof, is capable of 195 miles per hour and
manages zero to 60 miles an hour in under four seconds.
Mr Shelby, now in his 70s, rose to prominence when he won Europe’s
prestigious 24-hour endurance race at Le Mans in 1959, driving an
Aston Martin.
He had driven his second Ford-powered race car in 1962, an early
mock-up for the Cobra, which he subsequently raced in.
In January 1965, Ford hired Mr Shelby to help on the carmaker’s
plans for the GT40 racing car, the precursor to the GT but development
of the Cobra continued, with the vehicle competing against General
Motor’s Corvette.
In 1965, Mr Shelby introduced the 427 Cobra – the car many enthusiasts
herald as the ultimate street-legal racer.
-end
Source: Financial Times
To view other news coverage regarding the introduction
of the Ford Shelby Cobra Click
Here
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Various Shelby companies are now organized within one public
entity named Carroll Shelby International, Inc., collectively
referred to as “Shelby.” By taking the Shelby companies
public, management will have access to the resources of the
capital markets enabling the company to further develop and
execute its plans for growth and expansion. |
Click
here for our full profile on Shelby (June
23, 2003)
Click below to listen to an audio
interview with Jon Luft, CEO of CSBI
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About
The Founder - Carroll Shelby |
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Carroll Shelby has been involved
in the automobile racing industry as a successful driver and team
manager for decades and during this time has manufactured both on
and off track cars. He has also worked as a consultant on some of
the auto industry's most entrepreneurial projects.
After leaving the Army Air Corps in WWII, Mr. Shelby joined the
Aston Martin racing team in the 1950s. In 1958, teamed with Roy
Salvadori, he won the famed LeMans 24 Hours for Aston Martin, giving
the team its only victory in the long-distance classic and setting
a new race record of 112.569 mph average for the event.
One year after his LeMans victory, Mr. Shelby was forced to give
up race car driving for health reasons, turning his attention to
building cars - and creating what is still considered one of the
fastest road cars ever, the Shelby Cobra. The 289 and 427 Cobra
models and the subsequent GT 350 and GT 500 Shelby Mustangs that
Mr. Shelby built for Ford made him a household name. Mr. Shelby
then built the special Cobra Daytona Coupes, which captured the
FIA World Manufacturer's Championship in 1965. The next year
a Shelby-led group of Ford GT 40s beat Ferrari at LeMans, putting
him back in the winner's circle, this time as a manufacturer with
two consecutive victories at the famed 24-Hour classic, in 1966
and 1967.
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COMPANY CONTACT |
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11150 W. Olympic Blvd. Suite 1050
Los Angeles, CA 90064-1817 USA
310-914-1843
jluft@shelbylicensing.com
For additional information about the company or licensing opportunities,
visit www.carrollshelby.com
For a current stock quote, click
here
For SEC filings, click
here
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