Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK), made history today at the Michigan Woodward Dream Cruise when it unveiled the limited-edition Shelby GT500 CODE RED with a twin turbocharged V8 pumping out up to 1,300 horsepower. For the first time in its history, the company turned an experimental car into a limited edition vehicle. In addition to the replacement of the factory supercharger with a twin turbo setup, each hand-built CODE RED Shelby GT500 will receive suspension, braking, cooling and aesthetic upgrades.