Nobel sells M12 and M400 US rights to 1g Racing

UK niche supercar manufacturer Noble Automotive has sold the manufacturing rights of its M12 and M400 cars to America's 1g Racing, its Ohio-based US distributor. This means that these two models will now be constructed in the US, but they will have to be rebadged and renamed for sale by July 15th. However, under the deal Nobel will retain the rights to both cars in the UK.

The move will allow Nobel to raise significant funds for development of its upcoming M15 model, and possibly even an additional model. Nobel's boss Lee Noble commented said "The M12 has been a very successful model for Noble Automotive and we have learned much from it. Our new model will be a big step forward and this will leave no room in our line up for the M12/400 as we need to concentrate all of our attention on the development of our new model. However we will remain committed to all Noble owners, and will maintain the supply of all M12 and M400 parts for our owners and dealers."

The M15 will be positioned as a more prestigious and upmarket luxury car, with Nobel hoping to differentiate the new model by getting rid of its current lineup.