AC Cobra Scam Continues

by Robert Farago

Published: April 14th, 2009

South African entrepreneur Alan Lubinsky bought the rights to the Cobra name and intellectual properties in 1996. Since then he’s been scamming customers, governments, investors and the media by pretending that the “legendary” Cobra would arise from the ashes to . . . what’s the word for it these days? Viability. In 2006, TTAC (and The New York Times) poured cold water all over Lubinsky’s plans to build Cobras in Bridgeport, Connecticut. The project received tax breaks aplenty and an endorsement from the Governor (no less). This is after Lubinsky left a trail of bad debts and unfulfilled orders in the UK. And before he started taking orders (i.e., cash) for the rights to be a US dealer. After that never happened, Lubinsky tied-up with Texas’ Unique Performance to build a new Cobra. Unique soon fell to pieces amidst accusations of criminal fraud. Now Lubinsky is announcing the new, new, new Cobra. And once again. the automotive press—from Autocar to Autoblog— remain blissfully unaware (or unconcerned) about the scammery involved. So, here’s the most recent press release pitch for a gull-wing Cobra (why not?), chronicled and reprinted in its entirety by AB.

The AC MkVI is an open-top sports car based on the design of the Le Mans winning AC Cobra with many of the original car’s characteristics while incorporating modern technology. The cars are not imitations – they are new generation of AC Cobra incorporating relevant advanced technology. “Every year approximately 1,500 copies of the cars AC built in the 1960s are sold in America,” says Alan Lubinsky. “Why would anyone buy a replica when they can own an authentic AC roadster that is lighter and better and has been engineered and built to such demanding standards?” Weighing only about 1,025 kg, the lightweight AC MkVI GTS sports car can hit 100 kph in approximately 3.3 seconds. “The AC MkVI is wickedly addictive,” says Gullwing’s Juergen Mohr.

Our take: if you have a ten-foot pole, you may put it down now.

Robert Farago

More by Robert Farago

Comments

Join the conversation

2 of 16 comments

Db replicas on Apr 16, 2009

Dragging this off in a different direction does not alter the fact that your initial comment was a bit OTT:- "For a fast good looking Cobra replica nobody can touch Factory 5." Maybe you should have added all the additional criteria to your original post. Especially the word "cheap". Your statement would have held water then. You need to drive some of the European Cobra clones, we do "Handling" over here.

Like Reply
Konaboy on Aug 08, 2009

I'm toying with the idea of buying an AC Cobra. I was wondering if anyone can tell me if there is any serious downside to owning one. I saw one advertised where the guy said "If you are over 5'9" do not buy this car." And another "These cars are 4" longer than other replicas to accomodate taller drivers."

Like Reply

Recent Comments

Bd2 Lexus is just a higher trim package Toyota. ^^
Tassos ONLY consider CIvics or Corollas, in their segment. NO DAMNED Hyundais, Kias, Nissans or esp Mitsus. Not even a Pretend-BMW Mazda. They may look cute but they SUCK.I always recommend Corollas to friends of mine who are not auto enthusiasts, even tho I never owed one, and owned a Civic Hatch 5 speed 1992 for 25 years. MANY follow my advice and are VERY happy. ALmost all are women.friends who believe they are auto enthusiasts would not listen to me anyway, and would never buy a Toyota. They are damned fools, on both counts.
Tassos since Oct 2016 I drive a 2007 E320 Bluetec and since April 2017 also a 2008 E320 Bluetec.Now I am in my summer palace deep in the Eurozone until end October and drive the 2008.Changing the considerable oils (10 quarts synthetic) twice cost me 80 and 70 euros. Same changes in the US on the 2007 cost me $219 at the dealers and $120 at Firestone.Changing the air filter cost 30 Euros, with labor, and there are two such filters (engine and cabin), and changing the fuel filter only 50 euros, while in the US they asked for... $400. You can safely bet I declined and told them what to do with their gold-plated filter. And when I changed it in Europe, I looked at the old one and it was clean as a whistle.A set of Continentals tires, installed etc, 300 EurosI can't remember anything else for the 2008. For the 2007, a brand new set of manual rec'd tires at Discount Tire with free rotations for life used up the $500 allowance the dealer gave me when I bought it (tires only had 5000 miles left on them then)So, as you can see, I spent less than even if I owned a Lexus instead, and probably less than all these poor devils here that brag about their alleged low cost Datsun-Mitsus and Hyundai-Kias.And that's THETRUTHABOUTCARS. My Cars,
NJRide These are the Q1 Luxury division salesAudi 44,226Acura 30,373BMW 84,475Genesis 14,777Mercedes 66,000Lexus 78,471Infiniti 13,904Volvo 30,000*Tesla (maybe not luxury but relevant): 125,000?Lincoln 24,894Cadillac 35,451So Cadillac is now stuck as a second-tier player with names like Volvo. Even German 3rd wheel Audi is outselling them. Where to gain sales?Surprisingly a decline of Tesla could boost Cadillac EVs. Tesla sort of is now in the old Buick-Mercury upper middle of the market. If lets say the market stays the same, but another 15-20% leave Tesla I could see some going for a Caddy EV or hybrid, but is the division ready to meet them?In terms of the mainstream luxury brands, Lexus is probably a better benchmark than BMW. Lexus is basically doing a modern interpretation of what Cadillac/upscale Olds/Buick used to completely dominate. But Lexus' only downfall is the lack of emotion, something Cadillac at least used to be good at. The Escalade still has far more styling and brand ID than most of Lexus. So match Lexus' quality but out-do them on comfort and styling. Yes a lot of Lexus buyers may be Toyota or import loyal but there are a lot who are former GM buyers who would "come home" for a better product.In fact, that by and large is the Big 3's problem. In the 80s and 90s they would try to win back "import intenders" and this at least slowed the market share erosion. I feel like around 2000 they gave this up and resorted to a ton of gimmicks before the bankruptcies. So they have dropped from 66% to 37% of the market in a quarter century. Sure they have scaled down their presence and for the last 14 years preserved profit. But in the largest, most prosperous market in the world they are not leading. I mean who would think the Koreans could take almost 10% of the market? But they did because they built and structured products people wanted. (I also think the excess reliance on overseas assembly by the Big 3 hurts them vs more import brands building in US). But the domestics should really be at 60% of their home market and the fact that they are not speaks volumes. Cadillac should not be losing 2-1 to Lexus and BMW.
Tassos Not my favorite Eldorados. Too much cowbell (fins), the gauges look poor for such an expensive car, the interior has too many shiny bits but does not scream "flagship luxury", and the white on red leather or whatever is rather loud for this car, while it might work in a Corvette. But do not despair, a couple more years and the exterior designs (at least) will sober up, the cowbells will be more discreet and the long, low and wide 60s designs are not far away. If only the interiors would be fit for the price point, and especially a few acres of real wood that also looked real.