Zenos lives on

AC-led consortium buys up Zenos

"Administrators have today successfully agreed the sale of the assets of British car manufacturer Zenos Cars Limited to a consortium of investors, including the backers of AC Cars Limited, thereby securing the future of the business." So goes the opening paragraph of a press release that's just landed on the PH news desk, bringing a happy conclusion to the uncertain future faced by Zenos Cars after it was forced into administration following cancelled export orders.

According to Autocar the coming weeks will be spent evaluating the cost effectiveness of the business. The Norfolk facility, all intellectual property and the current stock of 10 models were seemingly included in the sale.

AC cars currently builds the reborn Cobra 378 models in South Africa, speaking to Autocar, AC owner Alan Lubinsky says it is a possibility Zenos cars could be built on the same line, as well as the possibility of further developments of the E10 as originally laid out in Zenos's long-term plan.

"Zenos has been the recipient of several million pounds of investment from its previous owners and its sports cars have been well received by the specialist media," a spokesman for the consortium says in the press release. "Our team is convinced that Zenos Car's E10 range provides an excellent platform for international sales success and we look forward to moving forwards with exciting plans for its development and growth. We will expand on our plans is due course but have nothing further to add at this time."

[Sources: Autocar]

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