Riley Technologies—owned by father-and-son design and engineering team Bob Riley and Bill Riley—along with Jim Matthews, have acquired the assets of original Ford GT40 Mk IV constructor Kar-Kraft. 

Kar-Kraft assets have been delivered to Riley Technologies' multi-disciplined engineering and manufacturing facility in Mooresville, North Carolina, where the Riley team will engineer and construct the next generation of one of the greatest American-made sports prototype race cars in history.   

According to published reports, initial plans include a production run of up to 10 period-current Mk IV continuation cars, with a projected 2022 release date.

The Mk IV is the only US-built car to claim the overall victory in the 24 Hours of Le Mans, captured during the 1967 running of the premier endurance race and piloted by A.J. Foyt and Dan Gurney. Bob Riley was also part of the design and engineering team during the '67 win.

"To be reunited with this project is incredible," Bob Riley said in published reports. "It was a very special time, and everyone involved at Ford and Kar-Kraft were great people. This brings back a flood of memories both with the car and the people involved." 

Tooling, fixtures, and original design drawings—some with Bob Riley's name—were among the acquired assets. 

For more information, visit rileytech.com.