David Brabham’s Brabham Group Limited (BGL) and Fusion Capital have parted ways. The latter has been the majority shareholder, sole funder and operator of Brabham Automotive, responsible for the BT62 and BT63 track cars. Although the BT62 saw limited competition use, it did secure victories in the UK Britcar and GT Cup series.
Brabham commented, “While it is regrettable that our relationship with Fusion Capital has come to an end, the collaboration helped further evolve Brabham to a new and exciting future. With the brand license 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 this project over the years.”
Mat Fitch, chairman of Fusion Capital, concluded, “Ultimately the strategic direction of both groups did not align – that happens. My family and I have invested in automotive and manufacturing for over 40 years and we will continue to do so with what we have created in the last six years. Powertrains are evolving and the opportunity to challenge the mainstream OEMs has never been greater. What we have created provides the perfect platform for the future.”
