Brabham Automotive is effectively dead as Fusion Capital and Brabham Group Limited have terminated their relationship after six years.
Details are hazy, but Fusion Capital was the “majority shareholder, sole funder, and operator of the Automotive company that bears the famous Brabham name.” As a result, Brabham can’t really exist without them.
Brabham Group Limited alluded to this as they noted the agreement enabled them to offer models such as the BT62 and BT63 thanks to a “worldwide exclusive license.” However, this relationship is now over after “careful consideration and what was in the best interests of all parties and the [Brabham] brand.”
More: Brabham Begins Production Of The BT62 In Australia
The breakup comes as a surprise, but Fusion Capital Chairman Mat Fitch said the “strategic direction of both groups did not align.” He added, “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.”
If that wasn’t a strong enough hint, Fitch said “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.”
Brabham Group Limited Director David Brabham, remarked that “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.”
