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Shelby American Appoints New Management

15 March 2000

Shelby American Appoints New Management; New Executives Named as Company Begins Shipment of Series 1 Sports GT

    LAS VEGAS, March 15 Shelby American, Inc., manufacturer of
high performance cars including the Shelby Series 1 and classic Shelby Cobra,
has announced a series of management changes.
    Under the direction of legendary racer and board member Carroll Shelby,
the Nevada company will be directed by Nelson Gonzalez, who has been appointed
president of Venture Nevada, working in conjunction with Shelby American on
the new Shelby Series 1 project.  Venture Industries is the prime supplier of
Shelby Series 1 components as well as an equity partner.  Gonzalez previously
worked for General Motors, where he held the general position of plant
manager.  After retiring from GM, he joined Venture 11 years ago as a
manufacturing manager.
    Don Rager, president and chief executive officer of Shelby American since
1995, will now be pursuing special projects on behalf of the company.
    Bob Marsh has been appointed business unit manager for Shelby's Cobra
operations and will report to Nelson Gonzalez.  Marsh was previously
responsible for managing production of Shelby vehicles marketed jointly by
Shelby and the Chrysler Corporation.  In addition to Cobra production, his
responsibilities include business management of sales and other aspects of the
Cobra business.
    Gary Pniewski has been appointed Business Unit Manager for the current
Shelby Series 1 project with similar overall business planning
responsibilities for that vehicle and will report to Nelson Gonzalez.

    Based at the Las Vegas Speedway, Shelby American is the manufacturer of
the legendary Shelby Cobra and new Series 1 as well as being involved in
special design and engineering projects for automotive manufacturers.  For
more information, call 702.643.3000 or visit the Web site at
http://www.shelbyamerican.com.

    Venture Industries is a $2.3 billion enterprise based in Fraser, MI, which
delivers a unique array of services to the global automotive industry
including styling and design, prototype development, manufacturing and
assembly, and product development.