   the shelby  is a higher performance variant of the ford mustang which was built by shelby american from 1965 to 1967, and shelby automotive from 1968 to 1970. following the introduction of the fifth generation ford mustang, the shelby nameplate was revived in 2007 for new high performance versions of the mustang but this time designed and built by ford at its assembly plants. == 1965â1970 gt350 and gt500 == === 1965â1966 ===  the 1965â1966 cars were the smallest and lightest of the gt 350 models. these cars are often called "cobras", which was the ford-powered ac-based two-seat sports car also produced by shelby american during the same period. both models use the cobra emblem, similar paint scheme, and the optional "cobra" valve covers on many gt350s that were part of a marketing tie-in by shelby, as well as one of his iconic symbols. all 1965â66 cars featured the k-code  , modified to produce . marketing literature referred to this engine as the "cobra hi-riser" due to its high-riser intake manifold. beginning as a stock mustang with a 4-speed manual, the cars were shipped to shelby american, where they received the high-riser manifolds, had their stock ford falcon live rear axles replaced with heavy-duty ford galaxie rear axles, and were given larger, metallic-lined rear drum brakes and kelsey-hayes front disc brakes. the 1965 g.t. 350 was not built for comfort or ease of driving. there were 34 "g.t. 350r" race-spec cars were built specifically for competition use under scca rules, and the model was the b-production champion for th
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