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November 26, 2007

A Cloud Over Reborn Shelby Mustangs

Five years ago, amid a sharp rise in prices of vintage muscle cars, Carroll Shelby licensed his name to a Texas company to construct replicas of the 1967 Shelby GT500E used in the 2000 remake of the drive-in classic “Gone in 60 Seconds.”

Mr. Shelby, the racing legend who had built Shelby Mustangs and the Cobra sports car in the 1960s, correctly perceived an eager market for the movie car, known as Eleanor. The cars were to be built by Unique Performance in Farmers Branch, a Dallas suburb.

But this month, after a public dispute between Mr. Shelby and Unique Peformance, and following lawsuits against Unique from customers who say they put down large deposits but never received their cars, the story took a new twist, according to the New York Times.

Farmers Branch police and Texas state officials raided Unique and seized 61 cars in varying states of completion at five sites.

Posted by Peter C. T. Elsworth  at 11:13 AM to Collecting | Permalink

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