NEWS UPDATE 5-18!!!!!! Carroll shelby passes away

[Powershift 19]

Carroll Shelby Foundation Breaking News

 

 

LEGENDARY ENTREPRENEUR CARROLL SHELBY PASSES AWAY

 

LOS ANGELES - May 11, 2012 - Carroll Shelby International, Inc., (OTC: CSBI.PK) announced today that Carroll Hall Shelby, a man whose vision for performance transformed the automobile industry, has died at age 89. Mr. Shelby passed away yesterday at Baylor Hospital in Dallas. The cause of death was not disclosed.

 

Born on Jan. 11, 1923, Carroll Shelby was one of America's greatest success stories. Championship-winning racecar driver, "flying sergeant" wartime pilot, philanthropist, entrepreneur, car manufacturer and racing team owner, he embodied the ingenuity, tenacity and grit to overcome any obstacle. He is perhaps the only person to have worked at a visible level with all three major American automobile manufacturers.

 

Carroll Shelby founded Carroll Shelby International, a publicly held corporation involved in many industries. His licensing arm has agreements with industry giants, such as Mattel, Sony, Ford Motor Company and Electronic Arts. His car company, Shelby American, has a thriving parts business as well as a line of muscle cars including the Shelby GT500 Super Snake, Shelby GT350 and Shelby GTS. The Las Vegas-based company also manufactures a limited number of the 1960s Shelby 289 "street," 289 FIA, 427 S/C and Daytona Coupe Cobras.

 

Shelby considered his greatest achievement to be the establishment of the Carroll Shelby Foundationâ„¢. Created in 1992 while Shelby was waiting for a heart transplant, the charity is dedicated to providing medical assistance for those in need, including children, educational opportunities for young people through automotive and other training programs and benefitting the Carroll Shelby Automotive Foundation.

 

Shelby remained active in the management of each of his companies and the Foundation until his death, even though he endured both heart and kidney transplants in the last two decades of his life.

 

"We are all deeply saddened, and feel a tremendous sense of loss for Carroll's family, ourselves and the entire automotive industry," said Joe Conway, president of Carroll Shelby International, Inc. and board member. "There has been no one like Carroll Shelby and never will be. However, we promised Carroll we would carry on, and he put the team, the products and the vision in place to do just that."

 

Shelby is survived by his three children Patrick, Michael and Sharon, his sister Anne Shelby Ellison of Fort Worth and his wife Cleo. Funeral plans are not currently available. Information about the Carroll Shelby Foundation is available at http://www.carrollshelbyfoundation.org.

[Junior2561 10]

Did a lot for our hobby...

[SM69Mach 68]

Sad to hear...

[Jimjific 23]

Major bummer. I always liked his attitude toward foreign cars makers.

 

Jim

[Vegassman 10]

Bill Cosby on Carroll Shelby - 200MPH

 

[Daves69Coupe 10]

its a sad day

[stangnet33 88]

That is really sad. Did great things for the performance industry and also his great charities. Hope the company is in good hands.

[Jimjific 23]

Seems appropriate that I just did the 1" upper arm drop today. It's amazing when you read what Shelby did in his life. In a way it's hard to feel too sad because he sure lived a full life and seemed to leave nothing left on the table.

 

Jim

[Mike65 475]

Very sad day indeed. :(

[RPM 1,190]

One of a kind :(

[Truck 12]

Thank you so much for the hard work, inspiration and vision Mr. Shelby. I was kinda proud that my teenage son was struck silent by your passing. He doesn't have many heroes-but you were one.

[Pakrat 1,043]

This just in, 3 hour 3 part miniseries airs this Sunday!

 

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