Rumormill: Marcos bankrupt again
Word out of Holland -- and translated by Babelfish -- is that 40-year-old British car maker Marcos has gone bankrupt again. Most recently rescued in 2002, and headed by Tony Stelliga, a purported statement from the company cited an inability to get Marcos profitable or raise extra capital. There was no word on whether this would affect the racing division as well, which is based in the Netherlands.
If it's true, it's a shame to see the maker of the Manta Ray disappear again. The company just introduced its TSO coupe and convertible, powered by a Corvette engine and tuned by Prodrive, and it's probably the most elegant Marcos ever. Knowing Marcos' ability to repeatedly rise from the dead, it is entirely likely that we haven't seen the last of them just yet.
[Source: Auto Scoops]
Reader Comments (Page 1 of 1)
Alex 10:43AM (10/15/2007)
if someone does revive the Marcos name they should brand their first car the Phoenix.
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Menice 11:32AM (10/15/2007)
such nice cars. hope someone picks them up.
why not prodrive? or GM!
dang, wish i was an investor... probably get a good deal on this.hang on, i'm calling Tata, this it'd be perfect for them.
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Nick 12:35PM (10/15/2007)
I guess it was expected to happen.
CEO Tony Stelliga , a Canadian from Cambridge ON, made a bunch of dough at Intel and then restarted Marcos some years back with his money...
I think it might be difficult to run a car company and dedicate all your attention to it when you come from the tech world!
There were newspaper articles a couple years back about the TSO and how it was planned to bring it this side of the Atlantic and how Prodrive was tuning the car. Could've been nice!
Ian 1:12PM (10/15/2007)
So sad. The early Marcos cars were so innovative and stylish. Still are.
I met Jem Marsh once in his local pub. Great guy.
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SPG 6:43PM (10/15/2007)
That's a shame.
I love cottage industry cars.
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