In the summer of 2000, after BMW had sold the MG Rover Group to the Phoenix Consortium, Bruce Qvale contacted one of the Consortium directors, Nick Stephenson, and proposed forming a European distribution deal for the Qvale Mangusta.
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Body panels were constructed of resin transfer moulding (RTM) plastic by Stratime Cappelo Systems of Villers-CotterĂȘts, France; this same company had provided bodywork using the RTM technology for the Alfa Romeo SZ and the Lotus Elan M100.