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With the bigger and added Excalibur assuming beneath customers’ expectations, additional the alpha of a astringent recession and aerial new inflation-fueled prices — initially abreast $40,000 — Excalibur sales nosedived. It couldn’t accept happened at a worse time for the Stevens family, who faced crushing new aerial costs from a abundant revamping of their burghal Milwaukee bulb (to advance quality).
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The aftereffect was a steadily deepening bearings that affected the brothers to book for Chapter 11 defalcation in mid-1986. Ironically, this came aloof afterwards Excalibur apparent its 20th ceremony with its aboriginal commemoratives: 50 roadsters and 50 phaetons address two-tone exteriors with chrome sweepspears and pewter plaques, additional interiors akin in walnut and Connolly leather.
But afresh came advice in the anatomy of Henry Warner, admiral of Acquisition Aggregation of Wisconsin, who bought the Stevens family’s interests and reorganized the close as Excalibur Marketing Corporation.
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By aboriginal 1987, Series IV roadsters and phaetons were afresh trickling out of Milwaukee as Series V models. Their basic aberration was a more-potent 350 Chevy V-8 advantage that partly redressed the anemic achievement of the accepted 305.
At midyear, EMC appear a whopping four-door Touring Auto on a 144-inch-wheelbase anatomy (essentially a 20-inch amplitude of the phaeton’s square-tube ladder frame). Measuring 224 inches connected and belief 4400 pounds, the Touring Auto was optimistically priced at the aforementioned $65,650 amount activated to both accessible Series Vs, with which it aggregate aboveboard styling. Interiors were opulent. A advanced bank replaced the phaeton’s buckets, and the connected wheelbase fabricated for a rear alcove aces of a ’30s Cadillac Sixteen. Additionally appear was an even-more-extravagant 204-inch-wheelbase « grand limousine. » David Stevens had beforehand conceived both these broke models as sales-building « line extensions. »
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But none of this served to addition sales and appropriately allure bare basic to account ascent debts in an abridgement afresh gone slack. Nor did a three-year, $9-million charter accord with a Chicago affair involving some 150 cars. As a result, Excalibur went broke again, assembly abeyance in June 1990.
But Excalibur wasn’t absolutely dead. In November 1991, German Michael Timmer bought the close for $1.33 actor amidst accuse that the Warner administration affianced in odometer fraud, installed some acclimated parts, bootless to accommodated federal passive-restraint rules, and about did its best to « kill » the company. Timmer seemed angled on extenuative it, putting $1 actor against bulb improvements with an eye to resuming assembly by April 1992. There would be four models: Series V roadster, phaeton and sedan, plus, surprisingly, a active Series III roadster. Prices were targeted for the $50,000-$75,000 range.
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Unfortunately, Timmer ran out of money afore he could anatomy any cars, so Excalibur was afresh broke by aboriginal ’92. But it was still alive, acknowledgment to a new accomplishment by the German father-and-son aggregation of Udo and Jens Geitlinger, who’d fabricated a affluence in absolute estate. With advice from assembly bang-up Scott Dennison and some 33 added advisers still blind on from above-mentioned regimes, Jens best up area Timmer larboard off, arising an adapted Series III auto alleged the « Limited Edition 100. »
Besides architecture changes for all the latest assurance and emissions standards, including a driver-side air bag, the Geitlinger Series III agitated the new 300-bhp Corvette LT1 V-8 teamed with four-speed automated or alternative six-speed ZF manual. Price was set at $89,842. At the aforementioned time, the big limo was to get a new birr and GM abeyance to advertise for a amazing $124,774. The added Series V cars weren’t forgotten, actuality muscled up to L98 Corvette ability and starting prices of $74,986 for the auto and $77,691 for the phaeton. The Geitlingers eyed absolute first-year assembly of 60-80 units, and Dennison predicted 120 Excaliburs per year starting in 1993, with some two-thirds appropriate for export.
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But the apple bazaar had additionally afflicted dramatically, and Excalibur could no best do business as usual. Accordingly, the close adapted in 1993, aboriginal by abacus a replica Shelby-Cobra with some absorbing deviations from the original, afresh by acceptable a arrangement supplier of assorted « accessories » like baggage racks and « aero » cab extensions for trucks. Motorcycle trailers were additionally built. Car assembly concluded in 1997, but accent assembly connected until the aboriginal 2000s back Excalibur already afresh went into receivership.
In 2003, Alice Preston, who had formed with Brooks Stevens back 1963, purchased the assets of Excalibur Automobile Corp. The aggregation continues affairs genitalia and assuming restorations on the 3200 Excaliburs produced. Excalibur hopes to anytime resume auto assembly application its above anatomy styles.
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