08-02-2002, 10:27 AM
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CC Member
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Join Date: May 2000
Location: San Jose, CA,
Posts: 402
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Aussie cash rescues a classic
By Julian Rendell
The Age
Monday July 29, 2002
A refiancing package for a classic Brisish sports car manufacturer has come from an unlikely place : Australia.
Ac Motor Holdings Ltd., a new holding company in Malta, has announced that it has bought the whole of Britains oldest car maker, AC Cars....
The new company has also secured a contract with a US importer for sale of the alloy-bodies Mark III, an updated version of the Cobra original, which will be produced at AC's existing plant in Frimley, England. Frimley will continue to be the centre for the design , engineering and prototyping of future AC models.
Stan
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