Ken Block’s 1977 Ford F-150 “Hooniruck” to be released in 2019
Barrett-Jackson is for sale 1977 Ford F-150 custom truck, known as the "Hooniruck" (Lot 1365), will be offered at the Scottsdale Auction at Westworld, Scottsdale, January 18-26, 2025 No reservations. Designed and built by the late professional rally driver Ken Block with the Hoonigan Racing Division, the all-wheel drive "Hooniruck" debuted in the Gymkhana Drift Video Series. Watch Barrett-Jackson's "Hooniruck" preview video here. [embed]https://www.youtube.com/watch?v=GyyhartwOsI[/embed] "Ken Block's genius and talent were taken away from all of us too soon," said Barrett-Jackson Chairman and CEO Craig Jackson. Tsdale took one of his all-wheel-drive cars for a wild ride and then we auctioned it off to charity. This is one of my all-time favorite auction moments that celebrates Ken. An unparalleled spirit throughout his career as a world-class rally driver and professional drift driver. I'm delighted that we have the opportunity to offer this incredible custom truck in January to celebrate Ken's lasting impact on the motorsports community. This custom truck has a…
Hoonigan seeks bankruptcy protection with $1.75B in debt
Automotive entertainment and after-sales parts business The company best known for the Gymkhana video starring Ken Block announced on September 9 that it had filed for Chapter 11 bankruptcy protection in a Delaware court. Hoonigan said it has entered into a restructuring agreement with most of its creditors, which it expects to eliminate about $1.2 billion from its current debt totaling $1.75 billion. The company also plans to secure up to $570 million in new capital. The company said it expects its operations to continue as normal during this process and all unsecured creditors should be paid in full. Hoonigan, owned by private equity firm Clearlake Capital, accumulated much of its debt in the years following the pandemic through a series of acquisitions aimed at rapidly expanding its business. It all started when aftermarket wheel giant Wheel Pros acquired the original Hoonigan in 2021, along with several other companies including throtl and Transamerican Auto Parts, and the combined entity was…
The “Hoonipigasus” Porsche 911 from TPC
In today's show In the collector's corner we saw a TPC model of the last car built by racing legend Ken Block, which pays homage to the 1971 Porsche 917/20 "Pink Pig". We also take a deep dive into the story behind the car and the impact it had on the automotive world. [embed]https://www.youtube.com/watch?v=06iBzGSDA40[/embed] Be sure to subscribe to the ClassicCars TV YouTube channel to watch all episodes of The Collectible Corner, as well as see fun finds and car reviews!
Hoonigan files for bankruptcy after stock price drops to $1.2 billion
The company said it aims to eliminate debt and secure $570 million in new capital go through Brad Anderson 17 hours ago Once a rising star, Hoonigan filed for bankruptcy with debts of $1.2 billion. A merger with Wheels Pro in 2021 and subsequent acquisitions exacerbated its woes. Despite the challenges, the company expects to emerge from bankruptcy within two months. Hoonigan, founded by Ken Block, filed for Chapter 11 bankruptcy protection in Delaware with $1.2 billion in debt, but the brand is still hoping to get new funding and survive. Hoonigan has a pretty complicated recent history. After operating independently for many years, it merged with Wheels Pro, a company that designs and sells aftermarket wheels, tires, and accessories, in September 2021. Wheels Pro has been owned by private equity firm Clearlake Capital since April 2018, and during that time and during the merger with Hoonigan, Wheels Pro acquired Gorilla, ReadyLift, MHT Luxury Allows, ZBroz, and TSW. WATCH: See…
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