A British company, Safir Engineering, who made continuation GT40's in the 1980's owned the GT40 trademark at that time, and when they completed production, they sold the excess parts, tooling, design, and trademark to a small Ohio company called Safir GT40 Spares. Safir GT40 Spares licensed the use of the GT40 trademark to Ford for the initial 2002 show car, but when Ford decided to make the production vehicle, negotiations between the two failed, and as a result the new Ford GT does not wear the badge GT40. It is rumored that Safir GT40 Spares asked $40 million dollars for the rights, but this has never been verified. The partners at Safir GT40 Spares state they have correspondence from Ford declining Safir's $8 million offer.