• Nov 11th 2010 at 3:01PM
  • 39
Shelby GT500 "Code Red" - Click above for image gallery

There's so much going on at SEMA it's all-too easy to miss a few things. And while there are a ton of Mustangs, one would think that this Shelby prototype would have caught our attention – particularly since we were aware of its existence. Back in September we reported that on some potential future Shelby models, one of which was a 1,000 rwhp twin-turbo GT500.

Nicknamed "Code Red," this particular GT500 was created in collaboration between Shelby American and Nelson Racing Engines – the same firm responsible for the 1,800 horsepower Mosler MT900S. The heavily modified 5.4-liter V8 features twin 61mm Turbonetics turbochargers along with a dual fuel system that includes cells for both race and street gas as well as an electronic boost controller that can vary boost for each gear.

If Shelby offers a production of the "Code Red" GT500, expect plenty of other goodies to be included like Baer 14-inch brakes, Shelby/Eibach adjustable suspension system, 9-inch Currie rear end, 10-point roll cage, and plenty more? Price tag? Shelby estimates that the package (car not included) would cost around $100,000.

You can get a better look at the Code Red from the photos below courtesy of Nelson Racing Engines, and we've also included a video with Tom Nelson and Shelby's Gary Patterson testing the car out on the street after the jump.

[Source: Nelson Racing Engines, Shelby]

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    • 1 Second Ago
      Sick of the morels of this country
      Hey dreaming is free! Yep it would go into a LENO type garage.
      What are those 6 numbers for powerball this Saturday??
      • 4 Years Ago
      Never been a huge turbo fan, but after that demo? Sign me up! (all those folks saying they won't pay that kind of money for a Mustang probably spent too much money on their overweight Challenger SRT8s, while still getting blown away by 300 hp Mustang GTs at traffic light races)
      • 4 Years Ago
      Yeahhh, umm no.

      Prepare to be downrated.
      • 4 Years Ago
      Shelby didn't build it....Nelson Racing Engines did.

      Title is mislead...
      • 4 Years Ago
      I've always loved mustangs but with all the talk of "cap and trade" and global warming (which I do not believe for one moment), not to mention the decline and further devaluing of our currency my question is who in the world (literally) would they be building this for? George Soros and his clan?
      • 4 Years Ago

      Perez Hilton's blogs awaits you.
      • 4 Years Ago

      I'd like to have some drag slicks and take that for a spin on a LONG empty road.
      • 4 Years Ago
      If only people put the kind of money into making this car handle any and all road surfaces, as they do giving it 3 times as much power as it can really use...

      And I am talking about more varied conditions than just a smooth track, and a flat skid-pad. Most real roads are not that smooth or flat.

      Maybe you'd have something.

      This just makes me think of Steve Buscemi's character in Mr. Deeds.

      "Damn, this thing is fast!"

      Foot down, directly into a tree, or some other immovable object.
      • 4 Years Ago
      Sounds like quite a package, but that amped computer makes the car IMO. Can't wait so see some track numbers. Really solid effort so far. Very cool to see an aftermarket Mustang with this much attention to detail (mechanically).
      • 4 Years Ago
      Man those older Shelbys looked so good in all black and no decals. The 100k price tag would have me saying no way as I could never justify paying that much for a car, no matter how rich I was.
      • 4 Years Ago
      But can it handle really well?
      • 4 Years Ago
      I have never been a fan of turbo ,But this thing is sick ! Would love to take a cruis in this thing and burn the tires off it .But other than that its just an expensive toy that nobody but some rich slob will buy anyway,Always nice to hear a sweet motor screaming thru its gears and hearing smoke ,But for that price I agree ,I'd buy a Ferrari F40 that does the same thing .
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