TV Show Investor Rescues Peel, Makers Of The World's Smallest Car

Edward Niedermeyer
by Edward Niedermeyer
Thanks to one of the most popular Top Gear segments ever, the Peel P50 is now well-established in the minds and imaginations of the world’s automotive cognoscenti. After all, how often does Clarkson say that “if [car X] had a reverse gear, I would describe it as the absolute ultimate in personal mobility”? But now there’s another reason to pay attention to Peel: having been bought a few years back by Gary Hillman and Faizal Khan, the British microcar maker is set for a comeback that’s being funded by Sonny Coreleone himself, actor some British investor named James Caan (born Nazim Khan… cheers to colin42 for the British pop culture lesson, and apologies for unwittingly making the story better than it is).For about $125k, Caan has bought 30 percent of Peel (as well as one P50 and one Trident), as part of the BBC show “The Dragon’s Den,” in which entrepreneurs vie for startup money. Peel is building about 50 electric-powered cars per year, and is seeking to expand the brand into non-automotive merchandise. Why would Caan invest in the world’s smallest cars?When investing I often look for things that are a little bit different. Rare opportunities can surprise you and add fun to the process. As a British made product, Peel encompasses traditional values and manufacturing.Not only will there be plenty people who want to own a piece of history by having a Peel but the brand is ideally placed to expand into a larger product range.
Edward Niedermeyer
Edward Niedermeyer

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  • Colin42 Colin42 on Aug 20, 2010

    self-described “ultra conservative” actor James Caan. - different James Caan http://en.wikipedia.org/wiki/James_Caan_(entrepreneur)

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    • 1996MEdition 1996MEdition on Aug 20, 2010

      As Emily Litella would have said, "Nevermind." Still a cool story, especially herb's link to the Messerschmitt Tiger.

  • Herb Herb on Aug 21, 2010

    @ steve65: The official label was Messerschmitt TG 500, as Messerschmitt was not allowed to use the Tiger label, due to copyright reasons (a truck manufacturer had tradmarked the Tiger label). The German Wikipedia entry (http://de.wikipedia.org/wiki/Messerschmitt_Kabinenroller) has some nice pics that show the difference between TG 500 and the other Kabinenroller. BTW: Here is a video: http://www.youtube.com/watch?v=7W8-2wd6XwE.

  • Panzerfaust Panzerfaust on Aug 21, 2010

    "As a British made product, Peel encompasses traditional values and manufacturing." Does that mean this will be a car made with electronics by the prince of darkness, and has body panels that will be falling off before you get it home? Or does it simply mean it will be made by communists?

  • Herb Herb on Aug 21, 2010

    Don't worry, panzerfaust. Both Lucas and communists are out of business for a while. As the rest of the UK car industry (except Morgan, Bristol ("handbuilt cars for individuals") is international now, you might even be lucky with body panels.

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