Carroll Shelby recovering from health scare

Racing legend Carroll Shelby is slowly recovering from a recent health scare and could leave the hospital in the coming weeks.

Shelby has been hospitalized after catching the flu, which turned into a case of pneumonia. Shelby, 89, has received heart and kidney transplants over the course of his life and dealt with a number of health issues.

He was not at the New York auto show on Thursday for the reveal of his Shelby 1000 supercar, which celebrated the 50th anniversary of Shelby American.

Shelby American president John Luft spoke to Shelby on April 2 and said the legend "is getting better every single day."

Luft said Shelby was "slipping for several weeks," but now called him "stable and improving."

Despite his advancing age, Shelby has still participated in evaluating his powerful cars and appeared in November at the Los Angeles auto show for the reveal of the 2013 Mustang Shelby GT500.

By Greg Migliore