The GT500CR comes with several engine options, ranging from a 490-horsepower Ford Performance Gen 3 5.0L Coyote crate engine up to a 900-horsepower, hand-built 427-cubic-inch engine with an intercooled ProCharger supercharger.  A Tremec five-speed manual transmission is standard, as well as a stainless-steel exhaust system, American Racing forged wheels, and Michelin high-performance Z-rated tires. Options include Detroit Speed Engineering suspension, wider rear wheels and tires, mini tubs and six-piston brake calipers with larger rotors, six-speed manual or automatic transmissions, and a variety of interior upgrades.

Classic Recreations plans to follow up on the GT500CR with a carbon-fiber-bodied Shelby Cobra in the future.

“Since 1998, Mr. Shelby believed that carbon fiber would be the future of American sports car manufacturing. We believe the introduction of a carbon-fiber GT500 Mustang and Cobra is a natural next step in the evolution of these iconic vehicles and builds on the legacy of the same innovation that Carroll Shelby was known for,” said Neil Cummings, Co-CEO of Carroll Shelby International.