If you've ever dreamed about owning your own car company, you're in luck as MM Industries has announced plans to sell the "designs, datapack, production and intellectual property rights" for their Avocet sports car.

If you've ever dreamed about owning your own car company, you're in luck as MM Industries has announced plans to sell the "designs, datapack, production and intellectual property rights" for their Avocet sports car.

While it's not exactly a thing of beauty, the Avocet is described as a "fully developed market-ready product" that features a Ford-sourced 2.0-liter engine with outputs of 150 bhp (111 kW) and 225 bhp (167 kW).  The car weighs approximately 700 kg (1543 lbs) and can accelerate from 0-60 mph in less than five seconds.

According to MMI founder and managing director Martin Miles, “We have done everything we set out to do – and more. The result is that Avocet is now a highly competitive car which combines a stylish, ultra-lightweight two-seater body with exceptional chassis dynamics and awesome performance."  However, he says it's time to move on so a "new owner or leadership, with or without our help, can fast-track its own potential plans for early entry into a recovered market, because we have done all the background work and development already."

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MM Industries to sell off the rights to their Avocet sports car