 Shelby Automobiles was also created as a subsidiary and manufacturing arm of the new company.In 2004, Shelby Automobiles purchased Shelby American Inc. and the assets to the Series I model.On December 15, 2009, Carroll Shelby International announced in a press release that Shelby Automobiles was being renamed to "Shelby American" in celebration of the 45th anniversary of 427 Cobra and GT350.