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The first of racing drive Carroll Shelby’s Cobras used a 3.6-litre Ford V8 engine in a modified British-built AC chassis. Early production versions Shelby cars used a 4.3-litre engine, but the majority of the 1.140 Shelby Cobra cars had 4.7- or 7-litre units. In 1965 Shelby cars began building the 4.7-litre GT-350 coupé, a tuned and lightened version of Ford’s Mustang, and this Shelby car was joined in 1967 by the GT-500 which Shelby car used the 7-litre engine. The Shelby Cobra was discontinued in 1968, and the name applied to the Mustang-based cars. At about the same time, Ford took over manufacture of this Shelby car and continued until early 1970, when the Shelby cars line was dropped. Total production of Shelby GT cars was 14.810.
Source: Georgano, encyclopedia of motorcar; GNG
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