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This was posted over on Clubcobra:

Whats this I hear????

Shelby Automobiles, Inc. and AC Motor Holdings, Ltd. Gear Up for Production of the First New Shelby AC Cobra in More Than Four Decades
February 05, 2004 08:06:00 AM ET


LOS ANGELES, Feb. 5 /PRNewswire-FirstCall/ -- Carroll Shelby International, Inc. (OTC Bulletin Board: CSBI), and AC Motor Holdings Ltd. announced today that the first new Shelby AC model in more than four decades will arrive at dealers and to consumers by Summer 2004. This month, the first handcrafted aluminum Shelby AC Cobra body shell, produced at AC's plant in Surrey, United Kingdom, will be shipped to Shelby Automobiles in Las Vegas for final assembly, fit and finish.

Initially the Cobra will be offered in two models, the Shelby AC 427 S/C Cobra and the Shelby AC 289 FIA Cobra, which will be branded as the CSX 1000 and the CSX 7500 Series, respectively and will be limited in production. Both models are authentic recreations of the iconic sports car, which set records for muscle-power and customer appeal in the early 1960's.

The reunited partnership between Shelby and AC provides an excellent platform, allowing the CSX 1000 and CSX 7500 to be sold by more than 20 Shelby dealers across the United States. Prices have not yet been established but first deliveries to dealers and customers are likely in the summer of 2004.

"We want to recreate products with true heritage and quality as we did in the 1960's and use this to expand and propel us into future new products," said Carroll Shelby, chairman of Carroll Shelby International, Inc.

"It is fantastic that these two great brands are together once again, meaning that car enthusiasts throughout the world can once again be certain that they are purchasing a Cobra with the original genuine pedigree," said Alan Lubinsky, Chairman of AC Motor Holdings Ltd. "The Shelby AC Cobra has a unique heritage and we are certain of a strong demand from collectors who demand only the best."

About Carroll Shelby International, Inc.

Carroll Shelby International, Inc. is the parent company of Shelby Automobiles and Carroll Shelby Licensing.

Shelby Automobiles Inc. is manufacturing high performance Shelby vehicles under the guidance of the legendary Carroll Shelby and will be involved in prototype manufacturing, design and engineering projects; and plans to increase production and availability of these Shelby products through an expanded dealer network and direct sales under a license agreement with Carroll Shelby Licensing Inc. For more information, call 702/325-4851 or visit the company's web site at www.shelbyautos.com .

Carroll Shelby Licensing Inc., founded in 1988, is the exclusive holder of automotive manufacturer and entrepreneur Carroll Shelby's trademarks and vehicle design rights, which include some of the world's most famous muscle cars and high-performance vehicles, including the car that brought home to the U.S. its first and only FIA World Manufacturers Championship in 1965, the famous Shelby Cobra Daytona Coupe. It also holds trademark rights for Shelby- branded apparel, accessories and collectibles. For additional information about the company or licensing opportunities, call (310) 914-1843, or fax (310) 914-1853 or write to Carroll Shelby Licensing, Inc., 11150 West Olympic Boulevard, Suite 1050, Los Angeles, CA 90064 or visit www.carrollshelbyinternational.com , www.carrollshelby.com .

About AC Motor Holdings, Ltd.

The history of AC dates back more than a century to 1901, when British entrepreneur John Portwine and engineer John Weller designed and built a four- seat touring car, which they exhibited at the 1903 Motor Show at the Crystal Palace in London. Their second effort was a three-wheeled delivery vehicle in 1904 -- the Auto Carrier. By 1907, their first successful passenger car, called the Sociable, was created, bearing the now famous AC emblem. In the 1950's the AC Ace was conceived and many people felt was the nicest British sport car of its time. In the 1960's AC assisted Carroll Shelby in realizing his dream of creating one of the most famous sports cars of the 20th century, the Shelby AC Cobra. To this day the AC brand is well known for its craftsmanship. In 1999 AC produced the largest one-piece carbon fiber automotive body that was used on a production car, the AC Cobra CRS. It weighed about 49 lbs without the closures. AC has recently agreed to open a research and development center in Malta and will also be producing certain of its future model range at a facility in Malta. www.acautomotive.info

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
 

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Yaaaawwwwnnnnn. The prodigal son proclaims his imminent return to visit with us mere mortals. Again. Seems like an annual event. Don't hold your breath.

AJ
 

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If he has been planning this for a while, it might explain the idiotic lawsuits against Factory Five and Superformance. He was just involved in some kind of messy situation with CAV in South Africa and took over production of the “Shelby” fiberglass replicas. It will be interesting to see what if any effect this has on those.

Kevin
 

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Well, see now Rich A., this is what happens when you don't pay attention.

Carroll is now building an Original Replica . These are slightly different than the CSX4000 Replica Originals.

Whereas Factory Five makes a Replica of an Authentic Original . At least they do right now, unless ol' CS actually gets into production, in which case the FFR is a Replica of an Original Replica of an Authentic non-replica Copy of a British Sportscar.

I hope this makes things clearer.

AJ
 

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once again be certain that they are purchasing a Cobra with the original genuine pedigree
Pedigree? I don't need no stinking pedigree! ;)
 

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Not to bring the Anti-Vegetable back into the picture (or beat a dead horse, even though it is beating a dead horse), but, if it doesn't meat (I mean meet) 2004 + crash standards, then it can't be sold as a production car, right?

So, it doesn't matter where the bodies are coming from, its still going to be called a replica, otherwise I'd imagine the DOT would be having a say.

All I'm hearing is that Shelby changed vendors. I supposed everytime my purchasing group sourced a different vendor, I could do a press release, too.....
 

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If you watched the Barrett Jackson auction, there was a couple of Replica Cobras and a Continuation series for sale. They gave the continuation series a bad rap, displacing the idea it was not a REAL COBRA.

I like my UNREAL ONE better though.

JQ :eek:
 

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Originally posted by AJ Cobra NJ:
Yaaaawwwwnnnnn. The prodigal son proclaims his imminent return to visit with us mere mortals. Again. Seems like an annual event. Don't hold your breath.

AJ
Roger That AJ!
 

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The AC deal has been in the works for a while,, IMHO it all stems from when previous version of the Shelby Co, partially owned by Vector, which went belly up.. if you were Kirkham, and a customer goes bankrupt, would you supply his new company with cars, when he probably still owes you for the cars you supplied him for his last company ??

Shelby lost his plant/factory in Las Vegas, but as I last heard, he is trying to buy the remains.. at one point I heard FFR was interested in purchasing some of the Series 1 left over parts for the GTM, (the Series 1 had a Corvette based suspension,) thats why all his personal cars ended up at the Peterson Museum, he didn't have a place to store them !!

Last I heard, was that AC was a factory, only on paper.. They only had office staff, with no production or assembly people.. Of course with Shelby's order, I sure they found someone to start pounding out the aluminum on the bucks..
 

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Shelby has been circulating stories for the past 2 months about the reasons for its inability to deliver its now Cobras from South Africa. First blaming it on wanting to keep up quality, then said they opened their own production facility next to CAV and hired some of their people. Now we hear that AC is going to build the bodies. I can't believe people continue to believe anything this guy says and keep ordering cars from him. The last delay, as of last week was until April. Now is appears that Summer (isn't September part of Summer???)

I have to admit that Shelby is certainly a good salesman! Buyers seem to believe any bull he puts out, no matter how unbelievable!
 

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SL1993R,

The Malta story has been checked by a few very notables in the automotive press in Europe, it must be hidden in the rocks in the hills or underground, for one thing it would have made MALTA news, and especially the "true" international automotive news.

And if SAI did pull it off over there, the FEDS will be waiting docks to not only solve a few TAX problems that SAI has had, but to check out the 2004 manufactured automobiles for safety features. The hardship manufacturing or small manufacture status/clause that allows for not only partial built cars but "specialty" cars may not work for such a LARGE SCALE Cobra onslaught.

Just think of all the Cobras that could have been sold to the "purchasers" of Factory Five COBRAs if SAI just hadn't lost sight of the forest instead of chopping on the little trees.

grumpy
 

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Omitted from Shelby's press release is the fact that he is once again not really building anything. What he is doing is the same thing he did with the original Cobras. Just like last time AC will build the cars, all Shelby's people will do is bolt in the engine and trans.

Shelby has always tried to pretend he was a manufacturer. No one considers Superformance dealers to be manufacturers when they receive a finished car from oversees and bolt in an engine and transmission.

I have to say looking at some of the posts on this thread, that I think Shelby did himself a great deal of harm when he sued Factory Five and Superformance. I used to think very highly of him, but his recent behavior has changed that for me, and it looks like for a lot of other people as well.

Kevin

[ February 06, 2004, 11:26 AM: Message edited by: KevinM ]
 

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Originally posted by Rip Van Winkle:
</font><blockquote>quote:</font><hr />once again be certain that they are purchasing a Cobra with the original genuine pedigree
Pedigree? I don't need no stinking pedigree! ;) </font>[/QUOTE]:D
you're right, I want pedigree I go to the dog food section of my local supermarket
 

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Having South African blood, and just returned from Holiday in South Africa, I would hazard a guess that his dream of cheap cars from SA evaporated with the weakening US dollar.

A year ago at around 10:1 to USD$ it was a good deal (it went to 13:1 at one time), now the SA Rand is 6.5 and that equates to a lot less profit, when you have a market that will only tolerate a $40k car. It is easier for him to lay blame elsewhere but I'll bet it is simple economics.
 

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I was in london 2 weeks ago and had a nice chat with a fellow painting an E Type Jag. He said AC was in all kinds of money troubles and that American Cobra owners had sent their cars over for work and were unable to get them back from AC because the creditors had moved in.

Perhaps this chap had some additional insight not yet available. Me thinks this whole (original) project will not go far in the long run.

Say it ain't so ... I wish old Shel the best. :cool:
 
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