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Carroll Shelby is gone – thank God. He is thus spared the indignity of knowing his name has been affixed to a device that's neither a Shelby nor a Mustang. It is a device that pretends to be both. More finely, a device that trades on both those names in what is arguably the most embarrassing-ever attempt to do just that.
Let's begin by talking about the device in question. It is not a bad device – as devices go. But it is as much a "Mustang" as an Elvis impersonator is Elvis. It's worse, actually, because at least most Elvis impersonators try their best to look like Elvis and sing like he did, too.
The Ford Mach-E looks nothing like any Mustang ever made because no Mustang was ever made with four doors – and without an engine. The Mach-E is a five door crossover with electric motors. It does not sound like a Mustang, either – because it can't. See that part about not having an engine.