This model is also known as Shelby Cobra 427 S/C for the same casting. It is based on Carroll Shelby's modified version of the British AC Ace sports car, itself a Pre-WWII design by BMW. The Hot Wheels casting is designed by Larry Wood. It is powered by a Ford V8 engine and constructed of ultra lightweight aluminum, this American sports car icon was made to push American racing to a new level!

The casting was retooled in 2020, becoming a post-post design and losing the opening hood.