Launched in 1993 following two previous concept cars of 1986 and 1991, the Brooklands Ace underwent small scale production until 1997 when it received a facelift and reengineering under AC's new owners and was relaunched.

The car underwent significant development before reappearing in 1991 with a new design by IAD, a stainless steel chassis and a Ford 3.0 V6 engine.

The production model is powered by a 4.9 L V8 engine from Ford and is shared with the AC Cobra, producing 225 bhp (168 kW; 228 PS).

The final version included an electric hood mechanism but the pop-up headlights from the earlier prototype had been abandoned, but the aluminium body was kept.

The external changes included a significant re-design to the bumpers, grille, lights (now rectangular instead of round), and a new bonnet.