car auto blaas

So here's what it's all about:

In 1965, Mexican auto parts distributor Eduardo Velazquez bought a Hi-Po 1965 Mustang hardtop and delivered it to Hi-Performance Motors in Los Angeles for conversion to competitive status. Equipped with a race-ready 289ci engine and the complete Shelby suspension, the Mustang became a winner in Mexico . By the end of 1966, Velazquez's team had won ten of the seventeen events they had raced.

Ford Motor Company, S.A, the Mexican branch of the corporation, had begun producing Mustang hardtops During 1966, Velazquez became a Shelby parts dealer, and the victories provided great promotion for Shelby aftermarket parts for those Mustangs. In 1967, Velazquez formed a friendship and partnership with Carroll Shelby. Their company Shelby de Mexico, would create modified Mustangs to be marketed through Ford of Mexico dealerships.

Velazquez sold one in 1990 and it's sale made for an article in Mustang Monthly in 1991 http://www.hammar.dyndns.org/~mexmust/Articles/m910388.htm

The Shelby de Mexico models of 1967 and 1968 were powered by 289ci engines and looked nearly identical to their 1967 and 1968 stateside namesakes. Production totaled 169 units in 1967 and 203 units in 1968.

The 306 Shelbys produced in 1969 were based on 302hp powered Mustang hardtops, but had fiberglass roofline extensions that created a Fastback look. Their front sheetmetal was near-stock Mustang, but the slightly bulged hoods were fiberglass, their deck lids had spoilers, and the taillights were the 1965 Thunderbird units used by US production 1968 and 1969 Shelbys. Several of the 1969 Shelby de Mexico GT-350s have been brought into the United States during recent years, and two have been featured in Mustang Monthly and other enthusiast magazines.

During those years, Shelby de Mexico campaigned Mustang race cars throughout Mexico , including two Shelby-built 1966 and 1967 Group 2 hardtops. Much advice was received from Al Dowd, Phil Remington, and Lew Spencer at Shelby American, and Carrol! Shelby made a point of attending several races in Mexico . The company created two race cars in 1969 and only one in 1970. Only one of those race-specific models is known to survive.

Shelby de Mexico, during the 1971 model year, built approximately 200 Shelby Mustang GT-351s (Windsor engines) and 300 Shelby Mavericks powered by 302hp engines.

all this info, lifted verbatim because it's dead on and consise: http://sarin.lunarpages.com/~musta4/mustangtrivia/shelbydemexico.htm