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Renowned Ford specialist Shelby announced plans to unleash the latest iteration of its venomous pony car at the upcoming 2011 New York International Auto Show. The 2012 model year Super Snake package will add a mouth-watering 800-horsepower under the hood of the Mustang thanks to a heavily modified 5.4-liter supercharged V8 engine.

A no-nonsense, classic American muscle car from the 1960s going head to head with a high-tech, thoroughbred Italian supercar in the ultimate quarter mile race. What more could you ask to make this battle more interesting? Well, how about a $400,000 wager?

The story has it that Dan Bilzerian, owner of a ‘tricked-out’ 1965 427 Shelby Cobra, placed a bet that his American muscle car can beat his friend Tom Goldstein's 2011 Ferrari 458 Italia in a quarter mile race.

On March 9, 2011, the two men brought their cars down to the Las Vegas Motor Speedway racetrack and put their money where their mouth is. And no, we won’t spoil the surprise by telling you who won the bet. Video follows after the break.

You'll be hard-pressed to come across a more bizarre replica than this BMW 7-Series-based model, which was found for sale in Kuala Lumpur, Malaysia, by Carscoop reader Ahmad. If you do, please don’t hesitate to contact us…

Now, what we have here is a BMW E23 model, or to put it more simply, a first-generation 7-Series sedan. To be precise, it’s a 1985 728i that left the Bavarian firm’s factory with a 2.8-liter inline-six gasoline unit delivering 184 horsepower.

For aesthetic reasons us ordinary mortals would find hard to comprehend, the owner of the BMW went and transformed the front-end of the 728i in the likes of a Shelby Mustang, and the rear to imitate the look of a Nissan Skyline GT-R R34. Feel free to check out the rest of the pictures after the jump and have your say in the comments section below.

What weights ten tonnes and costs more than US$240,000? If you said, “a gold plated bulldozer”, you’d be close but no cigar. The answer is three sub-100k supercars: the Chevy Corvette Z06, Ford Shelby GT500 and Nissan GT-R. These three industry titans, with nameplates stretching as far back as the 1960s, were the recent subjects of an epic comparison test by MotorTrend. Here are three would-be-supercars – over 500hp and 3 second 0 to 60 mph times – that don’t command the supercar price tag. Read more »

At the 2011 Chicago Auto Show, Shelby unveiled the limited edition 2012 Shelby GT350, which enters the new model year with two fresh color options and, for the first time since 1970, a convertible body style. Based on the Ford Mustang GT, the Shelby GT350 comes with three engine choices, including a base version with a naturally aspirated 430HP V8 mated to either a manual gearbox or an automatic transmission, and two supercharged variants delivering 525HP and 624HP.

We don’t know if this is a factory 800-horsepower Super Snake or a privately tuned GT500, but something went very wrong during this dyno test... It might have happened due to insufficient cooling or a faulty component - we just don't know. Whatever the cause, the owner is one unhappy guy. Follow the break and watch the engine going up in flames and a cloud of smoke.

Shelby American, the company responsible for creating modern "Shelby" Mustangs (except for Ford's own GT500), has released details about its Super Snake package for the 2011 Mustang GT500. No surprise there, except that the "post title" package can be pushed up to 800 horsepower (no torque figures have been released for that one, yet). Interested? Get in line, because only 1,000 will be built for 2011.