[3] It was previously owned by businessmen and historic racing enthusiasts Bill Hemming and Nick Kovatch (who remains as technical director) who purchased it in 1998.

In 1983, following the death of its founder the previous year, the firm was bought by Tasmanian Don Elliott, racing driver Tony Edmondson and mechanic John Porter who re-established the provision of parts and service to existing owners.

[citation needed] Cooper died suddenly on ANZAC Day (25 April) in 1982, at the age of 46, from a burst aorta, due to the vessel's weakness from medication he took to thin his blood after a mid-1970s heart valve operation.

[citation needed] Elfin subsequently began a collaboration with GM Holden, revealing a concept MS8 Streamliner at the Melbourne International Motor Show in 2004.

Engines for the MS8 cars were essentially standard production 5.7 litre Gen III V8s as supplied to GM Holden for their VZ-series Commodore vehicles.

[6] Elfin vehicle production was officially in hiatus by March 2012, with ongoing enquiries at that time to be directed to the related Walkinshaw Performance business.