Australian supercar manufacturer Brabham Automotive is facing an uncertain future.
The Adelaide-based outfit has parted ways with its sole investor, Fusion Capital, due to differences in the “strategic direction of both groups”.
Brabham Automotive hasn’t laid out what comes next for the BT-62 supercar.
David Brabham, director of Brabham Group Limited, says the collaboration with Fusion Capital “helped further evolve ‘Brabham’ to a new and exciting future”.
“With the brand licence for Automotive ended, it opens the doors for future business ventures in the Motorsport, Automotive, and Heritage sectors.
“I would personally like to thank everyone who contributed and supported to this project over the years,” Mr Brabham said in a statement.
A company statement – not attributed to David Brabham – says Brabham Group is “committed to projects that push the limits and deft convention in the motorsport and automotive sectors and that align with the Brand’s values. Our purpose is to work with partners who share the same vision of a more sustainable world”.
Along with the race-ready BT-62, there were plans to develop a road-going version. It never made it from the drawing board to showrooms, however.
It did see some success in motorsport, and broke the lap record at Mount Panorama with Luke Youlden behind the wheel. A video of the record run is below.