[Mark IV]

The "new" AC entity, AC Automotive PTY is not taking the place of the Delaware corporation, it is just a new corporate shell that is used to be the licensee of the brand, etc.

If they actually ever build a car, it will be alledgedly done on Malta by an Austrailian company that is licensed by an American corporation!

Lubinsky hooked up with an Autrailian partner and had a couple of deals going. They arranged financing from VW Credit Austrailia to re-capitalize AC but that deal has gone south.....perhaps someone at VW Credit did some "due diligence" and decided this was not a person to lend money to!

Also perhaps Wilf or one of our other English members can check on the operation of "Verete Automotive" an operation Lubinsky and the Aussie set up to import Aussie Ford Utes to the UK with propane power (and propane accessories...)
As near as I can tell this went nowhere.

Rick