Shelby got sued for charging $20,000 for $4,000 carbon fiber hood
 

Shelby Sued, $20K GT500KR Hoods Really Only Cost $4K

Shelby's latest lawsuit, involving the supplier of $20,000 GT500KR carbon fiber hoods, makes us wonder if expected legal fees are included in their prices. The original cost of those carbon fiber hoods? $4,000. Now that's one serious up-charge.

Win on Sunday, sell on Monday, get sued on Tuesday — is that the Shelby way? You can check out the legal papers here, but it breaks down to a few key points.

1. According to the lawsuit, Shelby was so anxious to get the new carbon fiber hood for the GT500KR they offered Plasan Carbon Components (the supplier) a bonus of $50 per set if they were delivered early. It wasn't possible so they, the suit claims, agreed to half the amount when the products were delivered a week after the deadline. The hoods arrived but they were never paid.

2. Plasan created five Knight Rider hoods, of cheaper quality for stunt work, and were never paid for these.

The most interesting fact? Those $20K replacement hoods cost only about $4K to make according to details in the suit. Shelby will explain this away by saying they had to develop and test the new hoods, which is true, but they're still amortizing the developments with their customer's checkbooks.

Lawsuits are an old tradition between manufacturers and suppliers and this one, like most, will probably be settled out of court.

http://www.auto-web.co.jp/special/NE...elby/co/05.jpg

is ford that poor?

Shelby isnt Ford, you fucking retard. Thats like Mugen getting sued and saying, WOW HONDA IS SO LAME.

^ i LOL'ed

Can somebody enlighten me on how this is wrong? Many companies grossly overcharge on newly developed product in order to cover R&D costs.

Like how video game makers charge $70 for a disc of plastic that costs a buck to press. The bulk of that money goes to pay for the actual development of it.

What's so special about this cf hood? Why does it already cost 4 grand to make?

The title is a bit misleading. Shelby is not being sued for the insane mark-up. According to the points, Shelby is being sued for non-payment of goods delivered.


Here's a link to the article:
http://www.autoblog.com/2010/01/05/r...nt-of-gt500kr/

lol ppl cant read

:haha:

I read that shit... it says #2 is a key point to the legal papers. How is it a key point if it's standard practice and completely legal?

Courts are not supposed to rule on the value of goods. If people are willing to pay $200 for a Monster Cable that cost $0.50, that's their own problem.

Yea, title is totally misleading.

Thanks timpo, you make even mostly text posts failures as well.

wtf is wrong with Shelby? What kind of evil company develops a product and then charges a mark up on it?

SONS OF BITCHES!!!!!!

The only FUCKED UP part of the whole thread is Timpo

Would a carbon hood for a Lamborghini cost this much?

I heard the front lip for the Porsche GT is like $15k.

Um, I'm not 100% sure on this, but I'm guessing the kind that wants to make some profit...Correct me if I am wrong please.

Well if it is, I guess it's at least priced accordingly for the car.

Where as this cf hood from Shelby is probably 1/4-1/3 of the worth of the whole car... Doesn't seem right...

anything related to lambo will cost an arm and a leg

I believe it's called supply and demand. Dealers also raised the price of the GT500KR significantly from the recommended $80K simply because it has limited production. There were only 5 hoods made, hence why the price is so high. If they are able to sell them, then there is nothing seemingly wrong about it.

BTW, can someone please edit this title as this stupid Timpo clearly had no idea what he was even posting about...What an idiot.

Hello, welcome to planet Earth. I would like to introduce to you, Sarcasm. Sarcasm, meet born yesterday.

You are apparently just as stupid.

here's a link to one source:
http://www.autoblog.com/2010/01/05/r...nt-of-gt500kr/

mark up, research costs, testing costs, and promoting costs are worth way more than the composite hood

I never thought of that. Thank you for pointing that interesting fact out to me. I feel I am a better person because of it.
Thank You.