Radford Motors , the company founded by English automotive TV personality Ant Anstead and Formula 1 driver Jenson Button, promised to build 12 road-going examples of its Lotus-based Pikes Peak racer , the Type 62-2 , for $1 million a pop. Instead, the company has filed Chapter 11 bankruptcy and customers are coming after it for cars and refunds they say they never received. Carscoops reports on the situation involving Radford and its customers.
The company is facing multiple lawsuits from customers both large and small, but they all have one thing in common: they plunked down sizable deposits, expecting to get a Type 62-2, but never received the cars. One suit filed this summer involves a surgeon and a Lamborghini dealership out of Florida who paid Radford over $1 million for a Type 62-2 Track Edition. One such lawsuit, filed in July 2024, involves Florida surgeon Scott Katzman and Lamborghini Palm Beach.
The luxury car dealership claims it paid $300,000 for a street-legal Lotus-Radford Type 62-2 and sent an additional $750,000 on behalf of Katzman for a track-only Type 62-2 Pikes Peak model back in August 2023. That’s over a million dollars sent Radford’s way, with not a single car delivered in return. The suit goes on to say that Radford continuously changed and delayed the delivery date for the Type 62-2.
Eventually, the company indirectly said the car was never going to be delivered by offering what’s described as a “repayment schedule” for the deposit. Nothing .