y5e06
11-06-2007, 12:43 AM
http://cbs11tv.com/local/local_story_309192500.html
http://jalopnik.com/cars/breaking-news/oh-no-eleanor-unique-performance-accused-of-title-washing-319267.php?autoplay=true
http://www.uniqueperformancescam.com/
Kathy Jackson
Automotive News
October 5, 2007 - 5:17 pm ET
LOS ANGELES -- Unique Performance Inc. will lose its license from Carroll Shelby Licensing Inc. to produce high-performance cars if Unique does not satisfy customer complaints.
Shelby Licensing says Unique has a backlog of 50 to 60 vehicles.
Since 2002, Unique, headquartered near Dallas, has partnered with former race car driver Carroll Shelby to refurbish and re-engineer vintage Shelby Mustangs of the 1960s. The cars include the GT500E Eleanor and the GT350SR, which sell from about $100,000 to more than $200,000.
But in a letter to Unique CEO Douglas Hasty, Shelby Licensing threatens to end the license agreement. Shelby Licensing says Unique has failed to deliver vehicles and return deposits totaling hundreds of thousands of dollars.
Hasty declined to comment.
Customers have filed lawsuits against Unique. For instance, in a Sept. 4 lawsuit filed in federal court in Texas, Robert Garner contends he signed an agreement with Unique in May 2005 for the purchase of a $189,000 GT500E Super Snake with a deposit of $94,500. In May 2006, he made another deposit of $47,250.
To date, Garner has no car and says Unique has refused to return his deposits.
Another federal suit, filed Sept. 18 in Texas by Alan Cummins, alleges that he bought a defective Super Snake in August 2004 from Unique for $188,300 and that Unique has neither repaired the vehicle nor returned the plaintiff's money.
Cummins' lawsuit says it may add Carroll Shelby as a defendant because Shelby endorses the vehicles made by Unique.
In a press release, Shelby Licensing President John Luft said: "Carroll Shelby Licensing has had no choice but to give Unique notice that its license agreements with Shelby are subject to termination. We, as the licensor, must carry the burden of protecting the good will associated with the Shelby brand."
Besides the Shelby vehicles, Unique also manufactures vehicles designed by car customizer Chip Foose -- including a 1969 Chevrolet Camaro, 1970 Dodge Challenger and the Foose Stallion, based on the current Mustang."
http://jalopnik.com/cars/breaking-news/oh-no-eleanor-unique-performance-accused-of-title-washing-319267.php?autoplay=true
http://www.uniqueperformancescam.com/
Kathy Jackson
Automotive News
October 5, 2007 - 5:17 pm ET
LOS ANGELES -- Unique Performance Inc. will lose its license from Carroll Shelby Licensing Inc. to produce high-performance cars if Unique does not satisfy customer complaints.
Shelby Licensing says Unique has a backlog of 50 to 60 vehicles.
Since 2002, Unique, headquartered near Dallas, has partnered with former race car driver Carroll Shelby to refurbish and re-engineer vintage Shelby Mustangs of the 1960s. The cars include the GT500E Eleanor and the GT350SR, which sell from about $100,000 to more than $200,000.
But in a letter to Unique CEO Douglas Hasty, Shelby Licensing threatens to end the license agreement. Shelby Licensing says Unique has failed to deliver vehicles and return deposits totaling hundreds of thousands of dollars.
Hasty declined to comment.
Customers have filed lawsuits against Unique. For instance, in a Sept. 4 lawsuit filed in federal court in Texas, Robert Garner contends he signed an agreement with Unique in May 2005 for the purchase of a $189,000 GT500E Super Snake with a deposit of $94,500. In May 2006, he made another deposit of $47,250.
To date, Garner has no car and says Unique has refused to return his deposits.
Another federal suit, filed Sept. 18 in Texas by Alan Cummins, alleges that he bought a defective Super Snake in August 2004 from Unique for $188,300 and that Unique has neither repaired the vehicle nor returned the plaintiff's money.
Cummins' lawsuit says it may add Carroll Shelby as a defendant because Shelby endorses the vehicles made by Unique.
In a press release, Shelby Licensing President John Luft said: "Carroll Shelby Licensing has had no choice but to give Unique notice that its license agreements with Shelby are subject to termination. We, as the licensor, must carry the burden of protecting the good will associated with the Shelby brand."
Besides the Shelby vehicles, Unique also manufactures vehicles designed by car customizer Chip Foose -- including a 1969 Chevrolet Camaro, 1970 Dodge Challenger and the Foose Stallion, based on the current Mustang."