Ford does not own Shelby, but there is a close relationship between the two companies. Carroll Shelby was an American automotive designer and race car driver who founded the Shelby American company in 1962. Shelby American is known for producing high-performance versions of Ford vehicles, such as the iconic Shelby Mustang. In 1965, Shelby and Ford formed a partnership that led to the development of the Shelby GT350 and GT500 Mustangs, among other models. The partnership lasted until 1969, but Shelby American continued to produce vehicles independently. Today, Shelby American is a wholly-owned subsidiary of Carroll Shelby International, which is owned by the Shelby family. While Ford does not own Shelby, the two companies have a longstanding relationship and continue to collaborate on high-performance vehicles.