First Shelby GT350 to be Auctioned for Charity

The very first brand-new Shelby GT350 will be auctioned off with the proceeds heading to charity.

The car, which uses a 5.2-liter V8, will be auctioned off by Barrett-Jackson on January 17. All of the money raised by the Shelby will go straight to the Juvenile Diabetes Research Foundation.

Revealed at the recent LA Auto Show, the Shelby GT350 will pack over 500 hp and 400 lb-ft of torque along with a screaming high 8,000 rpm or higher redline thanks to a flat-plane crank shaft. The car also gets a standard Torsen limited-slip differential, large Brembo brakes, added aerodynamics and a magnetic ride suspension system.

SEE ALSO: Shelby GT350 Video, First Look

All of the team members involved in creating the Shelby GT350 will sign the auction car, and the buyer will be able to choose the exterior colors along with the option packages on the car.

When Ford auctioned the first 2015 Mustang GT earlier this year, the company raised $300,000 for charity.

GALLERY: Shelby GT350