text: 2017 Shelby GTE Shelby American introduced the Shelby GTE on August 2, 2016. Like the Shelby GT, the GTE (in which the E stands for "Enhanced") is also available with either the V8 or Ecoboost engine, and an automatic or manual transmission. The V8 version produces ,  more than the standard Mustang GT.  The power increases come in part from the Ford Performance catalog, with V8 models getting the factory-approved Power Pack. EcoBoost models, in contrast, get a Shelby-specific engine tune. GTEs also get the Ford Performance Handling Pack and Ford Performance Borla cat-back touring exhaust as well as Ford Performance 19-inch wheels with tires of Shelby's choosing. The GTE also gets its own specific hood, upper and lower front grille, splitter, rocker panels, and rear spoiler.
  SVT 1st generation GT500 2007–2009 (S-197 I)
  2007–2009 Ford Shelby GT500
  Shelby and Ford returned for the 2007 model year with the Shelby GT500. Introduced at the 2005 New York International Auto Show, the GT500 uses a supercharged and intercooled Modular  V8 engine rated at  at 6,000 rpm and  at 4,500 rpm of torque. Features include the Tremec TR-6060 6-speed manual transmission, suspension tuning, a body kit, and 18-inch wheels.
  Deliveries of the Shelby GT500 began in May 2006.
  A collaboration of Ford's SVT and Carroll Shelby, the GT500 was produced in limited quantity for three years (approximately 10,000 units per year) on the line at Ford's Flat Rock, Michigan (AutoAlliance) assembly facility.
  In 2008, Shelby built a 5.4 L twin-turbo charged prototype from the GT500 under the name Code Red with the help of Nelson Racing Engines. The car had a power output of , but didn't reach production due to its high cost and extreme nature.