AutoWeek Page 8 "Flash"...... Bankrupt Venture
Carroll Shelby says he hasn't received any money from Venture in two and a half years, he blames Venture for the fall of the Series1, and says he has set an April 15 deadline for Venture to pay up or else. Venture Industries has filed bankruptcy.
So is that the end of the Cobras?
" Carroll Shelby will continue to build Cobras and will continue to honor agreements from those who have made deposits," says Shelby.
Exactly where and how he will build those Cobras, along with details of the new Series 2, will come in the next exciting installment of this story.
Ernie,
if you have money in the wall, now's the time to get it out!
Special Note: Thank You Bob Marsh for helping to make our CSX a reality. Your timing was absolutely impeccable.