Noble, in need of cash to continue developing its new model, the more upmarket M15, sold the rights to its M12 and M400 models in the US. This means the buyer, 1q Racing of Ohio, will be able to sell and develop the Noble cars in the US, albeit under a different name. Noble retains the rights to the cars in the UK, although further production is halted and Noble will sell the cars while stocks last.
Wednesday, February 21, 2007
Industry News: Noble sells rights to M12, M400
Noble, in need of cash to continue developing its new model, the more upmarket M15, sold the rights to its M12 and M400 models in the US. This means the buyer, 1q Racing of Ohio, will be able to sell and develop the Noble cars in the US, albeit under a different name. Noble retains the rights to the cars in the UK, although further production is halted and Noble will sell the cars while stocks last.
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