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BUSINESS
October 23, 2013 | By Roger Vincent
The former Marina del Rey headquarters of automotive legend Carroll Shelby was sold along with two office buildings for $10.7 million. Santa Monica investment firm Luzzatto Co. bought the properties on Princeton Drive from a limited liability company, real estate brokerage Lee & Associates said. The previous owners acquired them in early 2012 for $6.7 million and set out to remodel the buildings and reposition them as offices for creative firms. The buildings at 1038 and 1040 Princeton are still vacant, but the former Shelby headquarters at 1042 Princeton is fully leased to online vendor Blowfish Shoes, architecture firm Mix StudioWorks and film production company Kennedy Marshall Co. Built in the 1950s, the buildings are made of red brick and have high ceilings, Lee & Associates said.
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AUTOS
November 21, 2013 | By W.J. Hennigan
The hot-rod maker that bears the name of late automotive icon Carroll Shelby announced it is bringing back Shelby GT Mustangs after a five-year hiatus. Shelby American Inc. announced its plans to build the car, which is based on Ford Mustang GT, on Thursday at the L.A. Auto Show. “The Shelby GT was one of the most important vehicles in modern-day Shelby history,” said John Luft , president of Shelby American. “It kicked off Shelby's rebirth in Las Vegas by putting a Mustang-based small block car into Ford dealerships.
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BUSINESS
July 23, 2012 | By Jerry Hirsch
A settlement was reached in a bizarre custody battle between the children of automotive legend Carroll Shelby and the last of his seven wives that has left his body stuck in a Dallas County morgue for months. Shelby, a famed auto designer, has been in the morgue since his death May 10. His children wanted to cremate him, and his surviving wife Cleo Shelby, 64, said she wanted to decide what happens to his remains. Both filed petitions in a Texas court for control of the body and a hearing was scheduled for later this month.
BUSINESS
October 23, 2013 | By Roger Vincent
The former Marina del Rey headquarters of automotive legend Carroll Shelby was sold along with two office buildings for $10.7 million. Santa Monica investment firm Luzzatto Co. bought the properties on Princeton Drive from a limited liability company, real estate brokerage Lee & Associates said. The previous owners acquired them in early 2012 for $6.7 million and set out to remodel the buildings and reposition them as offices for creative firms. The buildings at 1038 and 1040 Princeton are still vacant, but the former Shelby headquarters at 1042 Princeton is fully leased to online vendor Blowfish Shoes, architecture firm Mix StudioWorks and film production company Kennedy Marshall Co. Built in the 1950s, the buildings are made of red brick and have high ceilings, Lee & Associates said.
NATIONAL
May 11, 2012 | By Shav Glick and Jerry Hirsch, This post has been corrected, as indicated below.
Carroll Shelby, the charismatic Texan who parlayed a short-lived racing career into a specialized business building high-performance, street-legal cars, died Thursday. He was 89. Shelby died at Baylor Hospital in Dallas, according to an announcement by his company, Carroll Shelby Licensing. A cause was not disclosed. He led a colorful, outsized life that touched virtually every corner of the automotive world, said Leslie Kendall, curator of the Petersen Automotive Museum in Los Angeles.
CALIFORNIA | LOCAL
May 12, 2012 | By Shav Glick and Jerry Hirsch, Special to The Times
Carroll Shelby, the charismatic Texan who parlayed a short-lived racing career into a specialized business building high-performance, street-legal cars, died Thursday. He was 89. Shelby died at Baylor Hospital in Dallas, according to an announcement by his company, Carroll Shelby Licensing. A cause was not disclosed. He led a colorful, outsized life that touched virtually every corner of the automotive world, said Leslie Kendall, curator of the Petersen Automotive Museum in Los Angeles.
BUSINESS
June 19, 2012 | By Jerry Hirsch, Los Angeles Times
A bizarre custody battle between the children of automotive legend Carroll Shelby and the last of his seven wives has left his body stuck in a Dallas County morgue while a Texas court decides who gets to dispose of his remains. Shelby, a famed auto designer, has been in the morgue since his death May 10. His children want to cremate him, and his surviving wife has said she wants to decide what happens to his remains. Adding to the imbroglio is a cryptic comment by Dallas County Medical Examiner Dr. Jeffrey Barnard, who said he was in control of the body "because an allegation was made which falls within" Texas laws pertaining to criminal procedure.
TRAVEL
February 14, 2010 | By Jay Jones
As NASCAR drivers take their warm-up lap around the Las Vegas Motor Speedway on Feb. 28, a shiny Shelby GT350 will lead the way. The pace car's trip to the racetrack will be remarkably short because it was built -- or, more precisely, modified -- right across the street at Shelby American, where workers convert Ford Mustangs into Shelby GTs and assemble the legendary Cobras from scratch. Former race car driver Carroll Shelby began making sports cars in Los Angeles nearly 50 years ago but relocated to three buildings just off Interstate 15 -- about 20 minutes north of the Strip, on Speedway Boulevard -- in 1998.
AUTOS
August 10, 2013 | David Undercoffler
Blasting toward the notorious Corkscrew at the Laguna Seca raceway in his Shelby Cobra, Lynn Park took a stab at the brakes -- and came up short. The front-brake failure left him hurtling through one of the nation's most daunting stretches of asphalt -- a one-two punch of tight turns, compounded by a steep drop-off -- with little to slow the 400-horsepower two-seat convertible. Park yanked the wheel. Momentum took over. "And there I was, going backwards down the Corkscrew," Park recalled.
AUTOS
June 25, 2013 | By W.J. Hennigan
Shelby American Inc., the hot-rod maker that bears the name of late automotive icon Carroll Shelby, is consolidating its headquarters in Las Vegas as it gears up for global expansion. The company announced it will open a new 135,000-square-foot facility by Dec. 1 near the bright lights of the Las Vegas Strip and bustling McCarran International Airport. Currently Shelby American's more than 110 employees work in five buildings on the outer fringes of Las Vegas putting together powerful Shelby Cobras and manufacturing a catalog of high-performance car parts.
AUTOS
April 13, 2013 | By David Undercoffler, Los Angeles Times
Twenty-one-year-old Taylor Dankel darts around a quick corner of the racetrack and buries the throttle. The supercharged, 650-horsepower V-8 in his father's modified 2008 Shelby Mustang GT500KR lets out a guttural roar. It's a scene that would have put a smile on the face of Shelby American's founder, Carroll Shelby. An automotive icon whose career evolved from chicken farmer to world-class racer, engineer and businessman, Shelby died in May 2012 at the age of 89. Photos: Shelby after Shelby But his legacy is everywhere on this windy day in Pahrump, Nev., about an hour outside of Las Vegas.
AUTOS
January 15, 2013 | By W.J. Hennigan
Shelby American Inc. has long been known to turn out fire-breathing autos with powerful turbo-charged engines, but with its diminutive new “pocket rocket,” the car company has changed things up a bit. At the 2013 Detroit Auto show, Shelby American unveiled a souped-up version of a Ford Focus. The company took the four-cylinder compact car with front-wheel drive and wrenched in a new turbo-charged Ford EcoBoost engine the cranks out more than 300 horsepower. Named the Shelby Focus ST, the hot hatchback was designed at Shelby American's skunkworks division in Las Vegas and tested extensively at Las Vegas Motor Speedway.
BUSINESS
November 8, 2012 | By W.J. Hennigan
A variety of cars churned out by Shelby American Inc. are set to hit the block at next year's Barrett-Jackson auction, including a 1965 Shelby GT350 Fastback and a 2012 Super Snake. The 14 Shelbys are consigned for Jan. 19 auction in Scottsdale, Ariz. at no reserve. The following vehicles will go on the block: 1967 Shelby GT500 Fastback - This original, unrestored vehicle is one of the lowest mileage Shelbys in existence. Powered by a 428-cubic-inch V-8 engine with a four-speed transmission and complete documentation.
BUSINESS
September 6, 2012 | By Jerry Hirsch
The Green Hornet, a storied Shelby Mustang prototype that many pony car enthusiasts assumed was destroyed decades ago, will come up for auction early next year. The Barrett-Jackson auction house will sell the car at its Scottsdale auction on Jan. 19. The Shelby “represents a rolling history of what Ford and Shelby American, the auto-design firm owned by Carroll Shelby, were producing in the heyday of the American muscle-car era and is considered one of the most innovative and unique vehicles of its time,” said Craig Jackson, chief executive  of Barrett-Jackson and the current owner of the car. It is expected to sell for about $2 million.
BUSINESS
August 29, 2012 | By W.J. Hennigan
Interested in upgrading the performance of your 662-horsepower Cobra with Shelby American Inc.'s stamp of approval? Now there's a place here on the West Coast to take care of that. Galpin Auto Sports in Van Nuys announced Wednesday that it has entered into an agreement with Shelby American to become an authorized Shelby modification shop. The only other certified mod shop is in Rhode Island. Now that Galpin is an authorized Shelby Mod Shop, it can take any Shelby car, upgrade its performance or styling and the work will be endorsed by Shelby American.
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