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Old 03-21-2008, 10:48 AM
Trevor Legate Trevor Legate is offline
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Join Date: Feb 2004
Location: Crawley, WS
Cobra Make, Engine: AC427 MkIII of 2004 vintage
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You can indeed speculate but Jimmy ran the business as AC Autokraft for two years at his own expense. Since the rights to the AC name would revert to A.L., he could no longer sell the cars as ACs, they became virtually worthless. He had no option but to shut down the business and call in the receivers who locked the doors and laid off the staff. It was about two weeks before the business re-opened (under the original management) and some, though certainly not all, of the staff were re-hired. Others just drifted away..which is a very condensed story of that event.

BTW, has it occured to anyone that this entire thread is based on an unsubstantiated report in just one Maltese newspaper?
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Last edited by Trevor Legate; 03-21-2008 at 10:50 AM.. Reason: spelling mistake!
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