1978 to date
The Midas is a British made kit car initially using Mini running gear that grew out of the Mini Marcos.
Harold Dermott and his company, D&H Fibreglass Techniques, of Greenfield, Oldham, Lancashire, England came to an agreement in 1975 with Marcos cars to take over production of their Mini Marcos model. The car, with its odd-ball looks, was looking outdated so Dermott asked the designer Richard Oakes to come up with a new model. The new car, which was called the Midas was launched at the 1978 Performance Car Show in London. 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.
In 1981 an updated model was introduced with improvements suggested by Gordon Murray of the Brabham Formula 1 team at the time. The car was available in three versions called Gold, Silver and Bronze depending on completeness. 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.
Further improvements were made in 1985 when the Midas Gold was adapted to take Austin or MG Metro parts. A restyle was also made at the same time, again by Richard Oakes, involving wider wings, a "frogeye" front and larger windows. Gordon Murray provided input to improve the aerodynamics. In order to sell complete cars as well as kits a Midas successfully underwent a full ECE12 crash test. A convertible version appeared in 1989 but all production stopped later in the year when the premises were destroyed by fire.