2011 Shelby GT350 Ford Mustang Unveiled at Barrett-Jackson

To help celebrate the 45th anniversary of the first Shelby Mustang, Shelby American revealed its new 2011 Mustang GT350 at the opening night gala of Barrett-Jackson's auction in Scottsdale, Arizona.

Based on the 2011 Mustang GT, all GT350s will add a supercharger to Ford's new 5.0-liter V-8. Power figures haven't been released quite yet, but Shelby says output is in the realm of 500 hp -- approximately 88 hp more than a stock GT. All GT350s will come paired with Ford's new six-speed manual transmission.

Along with the power upgrades, Shelby also has tweaked the Mustang's chassis to help make the GT350 more nimble on the track. Front brakes receive a six-piston caliper upgrade kit from Baer, along with 14-inch rotors. Like the original GT350Rs from the late '60s, the new car sports brake cooling ducts at all four corners. The suspension receives a full upgrade kit from Ford Racing, and includes adjustable caster/camber plates.

Of course, Shelby couples some show with the extra go. The new GT350 receives a new front fascia that reshapes the grille and lower air intake to resemble those on the original 1965 GT350. Out back, a blacked-out rear panel -- along with discrete tail lamp partitions -- further continues the retro connection.

Shelby hasn't said how many of the 2011 GT350s will be built, but indicated that production would be "limited." Pricing for the new GT350 starts at $33,995, which does not include the cost of a donor 2011 Mustang GT.

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