Shelby American's 1967 Shelby GT500 EXP prototype called "Little Red" was located in Texas.

DETROIT – One of the car history's almost mythical lost cars has been found, but the mystery still surrounds "Little Red", an experimental Ford Mustang who is the father of all Shelby GT 500 performance cars ever built.

The car knocks down as it traces it down, hoping to get the audience information to fill out the shapes. Little Reds unveiling shocked an audience of Shelby experts and enthusiasts at the Henry Ford Museum in Dearborn, Michigan, on Friday and in an unexpected display Saturday at Mustang Alley in Ferndale, Michigan, during the Woodward Dream Cruise.

One of the first Mustangs built with a large block of 428-cubic-inch V8, Mustang began life as a 1967 experimental engine built in Ford's San Jose, California plant. It spent years of legendary races and car maker Carroll Shelby, disappeared then.

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Shelby drove it regularly and so liked Ford president Lee Iacocca so much that Little Red became a model for Mustang California Special.

Craig Jackson, head of the Barrett-Jackson classic car auction company, unveiled Little Red in front of a shocked audience at the museum, and invited the experts to inspect the car and help fill the gap in his story. The amazing amount included Carroll Shelby's grandson Aaron Shelby and Henry Ford III, great grandchild of Ford's founder.

"Little Red", an experimental Ford Mustang who is the father of all the Shelby GT 500 performance cars built on the road in 1967. (Photo: Martyn L. Schorr)

The history of the car is so complicated that Jackson has set up a website and Facebook page where people who have information can contribute.

"That's why it's so important to do this in Detroit," he said on Saturday. "The car used time here after Ford bought Shelby. There must be people here with pictures and information."

Jackson also owns Green Hornet, nickname for experimental Mustang, which was thought to be the first test bed for the Shelby GT 500s before He deciphered Little Red's Byzantine paper traces. 19659008] The website for pictures and information about the cars is Information collected on Little Red will be used to restore it to its original state, no matter what it is for a car that is part of "67, part" 68, and a one-time prototype.

Jackson says he has no plans to sell Little Red or The Green Hornet.

Experts believed that Little Red had been broken in the early 1970's, but the V8 Mustang coup made it somehow from Detroit to a Ford dealer in Littleton, Colorado.

Jackson traced it down at its original identification number as it had before Ford transferred it to Shelby's company, where it went through countless technical changes.

"Little Red", an experimental Ford Mustang, the father of all the Shelby GT 500 performance cars built, was found in rural North Texas, where it has been saved by the same owner for more than two decades.

Shelby engineers updated continuously Little Red with new parts and turns began as a "67 Mustang for a Franken car with parts from at least two model years and countless experiments. It has the car tested superchargers and twin turbocharged engines as well. Little Red had an experimental automatic gearbox and unusual features at the moment, such as an electric radio antenna and Connolly leather seats.

After being sold in the early 70's, the car used year in stock and got the engine stolen after a radiator meltdown. In frustration, the owner left Little Red on a relatives farm in Texas where it was under a tree for more than 20 years until Jackson discovered it and brought it back to Detroit for its public debut .

Contact Mark Phelan: ] Follow him on Twitter @mark_phelan .

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