Shelby American, Inc. is an American high performance automobile company founded by driver Carroll Shelby. The Shelby American name has been used by several legally distinct corporations founded by Shelby since his original shop in Venice, California, began operation in 1962. The current iteration is a wholly owned subsidiary of Carroll Shelby International, Inc., a holding company formed in 2003. Carroll Shelby International's other wholly owned subsidiary is Carroll Shelby Licensing, which licenses the name and trademarks associated with Shelby to other companies. Shelby American was the first automobile manufacturer in the state of Nevada. Shelby American manufactures component automobiles, including replicas of the small-block and large-block AC Cobras, the Shelby GT350 and the GT500 Super Snake. Since 2005, Shelby American has released new models each year.