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DRAMATIC EXPANSION FOR ELAN MOTORSPORT TECHNOLOGIES

INDY RACING LEAGUE
Source — G-Force
Date Posted — August 21, 2002
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DRAMATIC EXPANSION FOR ELAN MOTORSPORT TECHNOLOGIES

BRASELTON, Georgia -- The world's largest manufacturer of racing cars, Elan Motorsport Technologies (EMT) is set for a dramatic expansion in 2003 with the establishment of a new chassis design center in the UK and the key appointment of several new staff.

The manufacturer of the race winning G Force IRL chassis, EMT's global motor sport group also includes Formula Ford expert Van Diemen, leading American Le Mans Series team Panoz Motor Sports and specialist services companies Elan Power Products, Elan Precision and Elan Composites.

EMT will now open a new chassis design centre in Kimbolton, Cambridgeshire, England.

This facility will include state-of-the-art design technology and full model making facilities. The current G-Force organization in Fontwell, UK will be relocated to Kimbolton.

EMT will continue to manufacture it's race-winning designs from its headquarters in Braselton, Georgia, USA.

In addition to the new facilities, EMT has also added key staff including new Chief Designer, Simon Marshall and new Chief Executive Officer, David Bowes.

Marshall was previously at Lola Cars International Ltd where he was chief designer on the Lola CART program, achieving considerable success in the 2001 and 2002 CART Fedex Championship Series.

He is leading the team currently working on the G Force IRL 2003 chassis program. Several other designers have followed Marshall from Lola and are now established in the UK-based design team.

As its new Chief Executive Officer, David Bowes will be responsible for overseeing all of EMT's global motorsport activities. He will be based in Braselton, Georgia.

Bowes was previously Managing Director for Lola where he was responsible for overseeing a considerable turnaround of that company over the past four years, increasing turnover by 400%, maintaining steady profit growth and achieving considerable success on the race track.

"I am delighted to be working with a group that has so much vision for the future and so much commitment to making it work," Bowes said.

"I am joining an excellent team of people at Elan who have achieved an awful lot over the last few years. I am excited about helping to integrate the different parts of the group together and implement the expansion plans."

EMT founder Don Panoz believes the company's expansion, combined with the talented new recruits will provide the basis for a continued period of strong growth.

"We have a great team of people here at EMT and the addition of David and Simon plus the new design team members will really add to and enhance our capabilities," Panoz said.

"This will not only enhance our activities in the Indy Racing League, but will have an impact across our entire operations.

"The 2003 IRL car and the new Star Mazda chassis are just two of a myriad of new projects we have commenced. This expansion continues our aim to cement Elan Motorsport Technologies as a world leader in motorsport technology, supply and design."

G Force recently took victory in the latest IRL event at Kentucky with Felipe Giaffone. The American manufacturer also dominated qualifying at this year's Indy 500 - taking four of the first five spots on the grid

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See also
Article posted by RacingWest.com staff on August 21, 2002. http://www.racingwest.com

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