Carroll Shelby had to be a genius. Only a genius could come up with such an amazing car like the 1965 Shelby GT350. This is evident in the resurrection of the small block muscle car for the 2011 model year. As if the reinvention is not enough, Shelby announced today it will expand the GT350 Mustang line-up with the addition of a normally aspirated version. This consumer demand-driven model is aimed at competition in Sports Car Club of America events and will allow the street car to be ordered with an automatic transmission.

"When we brought back the GT350, people wanted to race it like they did with our Shelby GT," said Shelby American Founder Carroll Shelby. "Others asked for an automatic transmission. So we’re dropping the supercharger, retuning the engine and adding an automatic. This gives people more choices with the GT350."

The SCCA doesn't allow for after market modifications such as the turbocharger so dropping it in lieu of a naturally-aspirated version will elate car enthusiasts wanting to burn Shelby rubber at the SCCA events.

The SCCA racer GT350 is powered by 5.0 liter V8 coupled to a 6 speed transmission producing 412hp. The street version of this model will come with the same engine tuned to deliver more than the factory 412hp, although exact numbers have not yet been calculated. The super-charged GT350 will produce over 500hp and will be mated to a six-speed manual. All cars will be painted in traditional white with Shelby Guardsman blue Le Mans stripes and will get a new front fascia, tail light trim, front splitter, rear deck lid filler panel and rear fascia.

The price for the normally aspirated GT350 package is $26,995.00 plus the cost of the GT350 itself. The supercharged version is priced at $33,995.

Press release after the jump.

Press release

Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK) will expand the 2011 Shelby GT350 program to offer a normally aspirated version aimed at competition in Sports Car Club of America events and allow the street car to be ordered with an automatic transmission. The GT350 will be offered in both normally aspirated and supercharged versions as part of a post-title program through select dealers across the United States.

The normally aspirated version of the GT350 was driven by consumer demand. SCCA racing rules typically preclude a post-title added supercharger and the stresses of a forced induction are typically too much for an automatic transmission in a high performance car.

“When we brought back the GT350, people wanted to race it like they did with our Shelby GT,” said Shelby American Founder Carroll Shelby. “Others asked for an automatic transmission. So we’re dropping the supercharger, retuning the engine and adding an automatic. This gives people more choices with the GT350.”

One of the goals for the Shelby GT350 is for it to be eligible for Sports Car Club of America racing, much like the 2007-2008 Shelby GT. Those piloting a Shelby GT dominated the top spots in both the women’s and men’s F stock class with Sam Strano capturing the national championship last year.

“The GT350 is a street car that is perfect for track day and solo racing activities,” added John Luft Shelby president. “Beginning with the small block Ford Mustang GT, we worked with Ford Racing, Borla, Goodyear and Baer to create a car that should be competitive right out of the box.”

The GT350 is an enthusiast’s dream. It is powered by the 5.0 liter V8 coupled to a 6 speed transmission. The front calipers are Shelby 6-piston and 14” rotors with ERADISPEED rotors on the back and cooling ducts for all four corners. The suspension features new Ford Racing springs, struts, sway bars and adjustable caster/camber plates. The Goodyear 19” tires are a new, aggressive compound.

Each GT350 will be clad in traditional white with Shelby Guardsman blue Le Mans stripes. The car also receives a new front fascia, tail light trim, front splitter, rear deck lid filler panel and rear fascia. Functional scoops are located on the side rockers and hood. GT350 badges on the outside and inside include a Shelby serial number.

“We plan to have development finished and begin building normally aspirated versions of the GT350 by late summer,” said Shelby American vice president of production Gary Davis. “This ensures that the car will be fully sorted and ready for fun on the street or track.”

The Shelby GT350 is a post title program based on the new Ford Mustang GT. A customer purchases a car from a local Ford dealer, which is turned into a GT350 by the Shelby American Team. A limited number will be built in the 2011 model year. A Ford Mustang GT can be dropped shipped by a Ford dealer to Shelby’s Las Vegas facility for conversion or a customer can arrange to have a properly specified car transported to the factory.

The price for the normally aspirated GT350 upfit package is $26,995.00 plus any options, not including the base Ford Mustang GT. The supercharged version of the GT350 post title package by Shelby American has a MSRP of $33,995 and does not include the price of the base car.