A convertible version appeared in 1989 and featured on the front cover of Car Magazine, but all production stopped in March 1989 when the premises were destroyed by fire.
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In order to sell complete cars as well as kits a Midas successfully underwent a full ECE12 crash test. Gordon Murray provided input to improve the aerodynamics. A restyle was also made at the same time, again by Richard Oakes, involving wider wings, a "frogeye" front and larger windows. Demand for cars was now outstripping the small workshop in Oldham so a move was made to a factory in Corby, Northamptonshire and the company name changed to Midas Cars Ltd.įurther improvements were made in 1985 when the Midas Gold was adapted to take Austin or MG Metro parts. The car was available in three versions called Gold, Silver and Bronze depending on completeness. In 1981 an updated model was introduced with improvements suggested by Gordon Murray of the BrabhamFormula 1 team at the time. The car had a composite body with no chassis, using the Mini engine/gearbox and front subframe but replacing the rear subframe with a beam on which the trailing arms were hinged.
The new car, which was called the Midas was launched at the 1978 Performance Car Show in London.
The car, with its odd-ball looks, was looking outdated so Dermott asked the designer Richard Oakes to come up with a new model. Harold Dermott and his company, D&H Fibreglass Techniques, of Greenfield, Oldham, Greater Manchester,England came to an agreement in 1975 with Marcos cars to take over production of their Mini Marcos model. The Midas is a British made kit car initially using Mini running gear that grew out of the Mini Marcos.
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