Ford auctions first 2015 Shelby GT350 for charity

The first 2015 Ford Shelby GT 350, a new performance version of its famous Mustang, is being auctioned off for charity next month.

Ford says the car, auction Lot No. 3008, will mark the 50th anniversary of the Shelby GT350 Mustang by auctioning the first production unit off at Barrett-Jackson in Scottsdale, Ariz., on Jan. 17.

"The all-new Shelby GT350 is a thrilling, world-class car," said Steve Ling, North America car marketing manager for Ford, in a statement. "From the all-new independent suspension — a first for a Shelby, to the powerful engine and superb brakes, this car is simply amazing. Just as the Shelby GT350 did in 1965, we expect this new-generation pony car to demonstrate Ford Motor Company continues to lead the world in innovation and performance."

The new Shelby GT350, introduced recently at the Los Angeles Auto Show, is powered by a 5.2-liter V-8 that produces more than 500 horsepower. It is meant as a car that can be driven in everyday use, but also one that can be taken out to the raceway on weekends.

Proceeds will benefit JDRF, which funds Type 1 diabetes research.

"Ford and Barrett-Jackson have raised millions of dollars to benefit local and national charities for many years," said Craig Jackson, CEO of Barrett-Jackson Auctions, said in a statement. "The auction of the new Shelby GT350 promises to be electrifying, while helping raise necessary funding for JDRF."

There is no minimum bid but because of the car's historic standing and the good cause, it likely won't go cheap. The new owner will get to choose from available Shelby GT350 colors and packages.

Carroll Shelby and Ford introduced the first GT350 in the 1960s. Ford says it was offered through Ford dealers from 1965 through 1970 and that today the cars are among the most collectible in the world. The new GT350 is returning to Ford showrooms as the most innovative and track-capable Mustang in history.