Fresh from its debut at the Detroit Auto Show, the first retail production Shelby GT350R model carrying VIN#001 has raised $1 million for charity at Barrett-Jackson’s Scottsdale 2015 auction.

Ford donated all proceeds to JDRF, the country’s leading global organization funding type 1 diabetes research. The winning bidder will be able to option the car with any available colors and packages.

The most track-ready road-going production Mustang ever built, the Shelby GT350R features aerodynamic and suspension upgrades, as well as lightweight materials – it is more than 130 lbs (59kg) lighter than the Shelby GT350 Track Pack model.

The GT350R is powered by Ford’s first-ever production V8 with a flat-plane crankshaft, which is also the most powerful naturally aspirated engine Ford has ever produced. The unit delivers more than 500hp and over 400lb-ft (542Nm) of torque.

Styling-wise, the GT350R features distinct details such as the red painted brake calipers, racing stripes, Shelby GT350R badging plus carbon fiber wheels, a large front splitter and a rear wing. The cabin has high-contrast red stitching, more Shelby badging and a D-shaped sports steering wheel.

The limited-production Shelby GT350R will be available in the US and Canada later this year.

PHOTOS