Shelby sells rights to Cobra brands

Ginseng Forest, a listed US company in Los Angeles, CA, has entered into a definitive agreement with Carroll Shelby to acquire Carroll Shelby Licensing and Shelby Automobiles, and will change its name to Carroll Shelby International. "I've spent the past 40 years of my life building some of the world's fastest cars," said Shelby. "Now I'm shifting gears. I'm taking my companies public. This will allow us to continue to grow the business now, and long after I'm gone."

Shelby sells rights to Cobra brands

Shelby Automobiles manufactures the Shelby Cobras in Los Angeles, and will now be involved in additional car manufacturing, design and engineering projects.

"We're very fortunate to have such strong global brands as Cobra as well as all other historic Shelby brands," noted Carroll Shelby Licensing president John Luft. "The combination of these highly respected Shelby brands with the performance car building expertise of Shelby Automobiles will result in tremendous growth for the only authentic Shelby Cobra manufacturer in the USA. This merger provides the capital resources needed to expand the Shelby and Cobra brands through licensing and the acquisition of automotive and performance companies."

Under the new parent company, Carroll Shelby International and Carroll Shelby Licensing will pursue new licensing channels for Shelby's intellectual properties and brands such as Cobra, 427 s/c, FIA 289, GT 350 and GT 500.

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