We've Been Scooped by Everyone and His Mom: Shelby GT500 Unveiled at Detroit

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50 ponies up on Chrysler's SRT monsters, and not too far shy of the Z06's lofty mark, Ford's officially announced the Shelby GT500 Mustang. Unfortunately, your trusty Jalopniks (aka: Vladimir and Estragon) are stuck in hotels that not only don't have broadband access, they were last (and we shit you not) redecorated when Morse Code was still considered a viable means of communication. The car drops this summer in coupe and convertible guise and comes with very special "Powered by SVT" valve covers. [Thanks to everyone who wrote in on this one.]

2006 Detroit Auto Show: 2007 Ford Shelby Cobra GT500

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