Ford has announced plans to auction off the first production Shelby GT350R Mustang at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona this weekend.

Ford has announced plans to auction off the first production Shelby GT350R Mustang at the Barrett-Jackson Collector Car Auction in Scottsdale, Arizona this weekend.

The car will be offered without a reserve and the winning bidder will be able to equip the car with any options they want. The model will also be signed by team members involved in the design and development of the car.

All proceeds will benefit the JDRF (Juvenile Diabetes Research Foundation) which aims to "progressively remove the impact of type 1 diabetes from people’s lives until we achieve a world without type 1 diabetes."

In a statement, Ford Group Vice President of Global Product Development Raj Nair said "We are thrilled to donate the first retail production Shelby GT350R to JDRF for auction. When this car crosses the auction block it should raise a tremendous amount of money for a great charity.”

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