Project Kimber news 31st August 2006
STATEMENT ON PROGRESS FROM PROJECT KIMBER
Project Kimber is pleased to confirm that it has secured an exclusive option which will allow the re-branded and re-engineered smart roadster to be re-launched under the world-famous marque of AC.
This has been agreed with the owners of the AC sports car brand, Acedes Holdings, LLC, and provides a sub-licence for ongoing use together with the option of an acquisition at a later date.
If this option is triggered it will not affect the production of any product manufactured through Acedes Holdings, LLC, producers of classic AC models. The option is subject only to a successful closing of Project Kimber’s funding.
The Welsh Assembly Government announced at the London Motor Show in July that it had made a conditional offer "in principle" to Project Kimber of regional aid. A number of possible assembly locations in South Wales are now being studied. Wales's economic circumstances allow it to grant the maximum funding permitted under European Union rules for regional assistance.
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