In the 1970's AC developed the AC 3000ME. This small 2-seat mid-engine sports car had a transversely mounted Ford Essex 3.0 liter V6. As was classic for the era the styling was wedge-shaped using fiberglass for the body. It had front and rear independent double-wishbone suspension, rack and pinion steering, and four-wheel disc brakes, with a rearward 40:60 weight bias. On paper it should have been a real performer!
At about the same time PanterAmerica was importing DeTomaso Panteras into the U.S. after the Lincoln-Mercury/DeTomaso agreement ended in 1974. PanterAmerica also wanted to bring an affordable mid-engine car to the U.S. and the Belgian dealer they purchased the Panteras from was also an AC dealer. The AC 3000ME seemed the logical choice. PanterAmerica imported a rolling AC 3000ME, without engine and transaxle. The drivetrain was supposed to come from a U.S. manufacturer. However, they had problems acquiring drivetrains from either Ford or GM, the only option left was to go with Chrysler. But instead of going to them directly they spoke with Carroll Shelby, who had been recently hired by Chrysler. Carroll was on board with their idea provided a fuel-injected, turbocharged Chrysler 4-cylinder, 2.2 engine