shelby sued over nonpayment

Discussion in 'American Cars' started by thebarron1989, Jan 5, 2010.

  1. #1 thebarron1989, Jan 5, 2010
    Last edited by a moderator: Apr 25, 2016
    http://www.autoblog.com/2010/01/05/report-shelby-sued-over-non-payment-of-gt500kr/

    Shelby, whether good or bad, has a knack for staying in the news. Unfortunately, the latest item to come across our desks is not about an upcoming variant of the Ford Mustang, but rather a lawsuit involving the limited-edition GT500KR built in 2008. According to papers filed in Vermont, Plasan Carbon Composites, the maker of the carbon fiber parts on the car including the hood, front spoiler, and mirror covers, is suing Shelby for non-payment of the components as well as a bonus promised by Shelby if the parts were delivered on time.

    Perhaps the most interesting aspect of the story is that the lawsuit reveals the cost of the carbon fiber parts. Remember that whole fiasco in which Shelby was charging nearly $18,400 for a replacement hood? According to one of the documents in the lawsuit, a set of 200 carbon fiber components costs $760,000. Do the math, and that's just $3,800 for all the carbon fiber parts on the car. But straight division doesn't work here.

    As we learned when Shelby announced it would drop the price of the carbon fiber hood to $9,700 (dealer cost), it's not about the exact end cost of the components, it's about the development and testing. The GT500KR is the first U.S. production vehicle to get a full carbon fiber hood and the amount of energy, resources and testing involved in bringing it to market far outweighs basic production costs. Making the hood – along with the other assorted tidbits – involves all the extensive OEM-level, Tier One testing that every automaker has to endure to meet federal crash standards. In short, it's not cheap and the price reflects that.

    Complicated math and pricing aside, Jim Owens, Shelby's Vice President of Marketing and Communications, told us that Shelby has already paid Plasan over $8 million and that the lawyers are hashing out the details as you read this. Expect an update in the coming months.
     
  2. At first i thought shelby was innocent. but turns out hes a $*#@
     
  3. thats not news
     
  4. There was probably just a dispute that both of them were too pigheaded to solve on their own, so the guy sued. People hold payment when there are issues all the time in business. Even if you're trying to be a good guy shit like this happens.
     
  5. It's not Carroll though, it's everyone else that runs the company. Carroll is only involved in ways that allow him to promote his charities.
     
  6. True that his motivation is his charity on many aspects of his life. However, it is his name on the door. And the frustrating thing I find with Carroll (I am a fan) is how it repeatedly seams that business ventures he gets involved with turn up having questionable stories behind the scene's. His Texas partnership, continuation cars, shelby club of america, His supersnake auctioned off at BJ for 5.5mil, and now this. My guess is there is more to the story than most Shelby fans want to admit; myself included.
     
  7. Everybody is sue happy these days.
     

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