Powershift 19 Report post Posted May 11, 2012 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. Quote Share this post Link to post Share on other sites
Junior2561 10 Report post Posted May 11, 2012 Did a lot for our hobby... Quote Share this post Link to post Share on other sites
SM69Mach 68 Report post Posted May 11, 2012 Sad to hear... Quote Share this post Link to post Share on other sites
Jimjific 23 Report post Posted May 11, 2012 Major bummer. I always liked his attitude toward foreign cars makers. Jim Quote Share this post Link to post Share on other sites
Vegassman 10 Report post Posted May 11, 2012 Bill Cosby on Carroll Shelby - 200MPH Quote Share this post Link to post Share on other sites
Daves69Coupe 10 Report post Posted May 11, 2012 its a sad day Quote Share this post Link to post Share on other sites
stangnet33 88 Report post Posted May 11, 2012 That is really sad. Did great things for the performance industry and also his great charities. Hope the company is in good hands. Quote Share this post Link to post Share on other sites
Jimjific 23 Report post Posted May 11, 2012 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 Quote Share this post Link to post Share on other sites
Mike65 475 Report post Posted May 12, 2012 Very sad day indeed. :( Quote Share this post Link to post Share on other sites
RPM 1,190 Report post Posted May 12, 2012 One of a kind :( Quote Share this post Link to post Share on other sites
Truck 12 Report post Posted May 14, 2012 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. Quote Share this post Link to post Share on other sites
Pakrat 1,043 Report post Posted May 18, 2012 This just in, 3 hour 3 part miniseries airs this Sunday! http://www.autoblog.com/2012/05/18/carroll-shelby-to-get-the-tv-miniseries-treatment-thanks-to-velo/<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> Quote Share this post Link to post Share on other sites