well Jre and donjuan have it right, it's a 427 Shelby Cobra replica and yes those are the rockies.
Don't ask me anything about all I know is we used a 1991 mustang as the donor car, the side pipes don't bother you when you drive (other than they are very, very, loud, we measured it and got it up to 122 decibels, I believe a jet plane is 140) The exhust doesn't come up because you'r driving and it blows away, however, the car is not built for comfort by any stretch, it is extremely windy and loud, we have to wear earplugs if we go on the highway and bundle up really good, and though there is a heater, it doesn't do much good at 80 miles an hour.
The side pipes will give a very nasty burn, it can cause 3rd degree burns and melt the material into your skin, I've seen pictures, not a pretty sight.
Sure raises heads though, thundering around in the thing.
The silver things in the back are roll bars so if the thing flips we won't get crushed, in theory, anyway. Traditionally, there is only one on the driver's side but because Daddy loves us, he put in a second one.
I don't see any wrench.
I haven't a clue why there's not grill on the car, I think that's how they are traditionally built.
That about exhausts my knowledge, if you have more questions, I'll ask my father though, he'd be happy to oblige, he's currently helping several other people in the area build one too.
Oh yeah, it took him a year to take apart and clean the donor and about 6 months to build it and then a long time to get the pros to paint and adjust everything. He's still teaking things here and there all the time.