History
Marcos was founded in Luton, in Bedfordshire, England, in 1959 by Jem Marsh and Frank Costin. Costin had earlier worked on the De Havilland Mosquito fighter-bombers and from there he got the idea to use plywood for the chassis. The company moved to a converted mill in Bradford on Avon, Wiltshire in 1963 and in 1971 to a £125,000 purpose-built factory at nearby Westbury.
Problems with exporting cars to the USA and the move to the expensive new premises led to financial troubles, and in 1971 Marcos went out of business. In July 1971 it was reported that the Rob Walker Group of Companies, a principal dealer, had acquired the stocks and assets and established a new company, Marcos Ltd. The new owners said production would continue, albeit, at least in the short term, only for the UK market, but it is not clear whether any additional cars were built. Although Marcos dealers in the UK had been heavily discounting new cars since the end of 1970, and Motor magazine reported at the time of the collapse that the company's stock of 35 unsold cars in the USA had had to be "liquidated", there may have been a substantial stock of new cars still looking for buyers.
One Saturday in June 1972, what was described as "a cash jumble sale of Marcos bits – prototype and shop soiled components, benches, tools..." took place at what could now be characterized as the "old Marcos Cars factory" at Westbury. The sale was occasioned by the company's reorganisation and move to a smaller factory.
Jem Marsh stayed in the car business, and bought back the rights to the Marcos name in 1976. In 1981 the brand was relaunched with the Marcos V6 Coupé, which was sold in kit form.
Marcos went bankrupt again in 2000. Canadian entrepreneur Tony Stelliga bought the company, and revived production in 2002. Race car production was relocated to the Netherlands while road car production moved to Kenilworth, Warwickshire, England. By 2005 most of the designers from near-to-bankrupt TVR had joined the company.
On 9 October 2007 it was again announced that Marcos would cease production and go into voluntary liquidation.
Read more about this topic: Marcos (automobile)
Famous quotes containing the word history:
“What has history to do with me? Mine is the first and only world! I want to report how I find the world. What others have told me about the world is a very small and incidental part of my experience. I have to judge the world, to measure things.”
—Ludwig Wittgenstein (1889–1951)
“The history of modern art is also the history of the progressive loss of art’s audience. Art has increasingly become the concern of the artist and the bafflement of the public.”
—Henry Geldzahler (1935–1994)
“I feel as tall as you.”
—Ellis Meredith, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 14, by Susan B. Anthony and Ida Husted Harper (1902)