 In August 1961 Jean Daninos was obliged to offer his resignation and in 1964 the Facel company went into receivership, largely due to warranty claims against Facel Vega's smaller Facellia with its troublesome 'in-house' engine.As a result, Facel II production had to be discontinued with only 180 Facel IIs ever built.The Facel II was very expensive—considerably more expensive than an Aston Martin DB4 and approaching three times the price of an E-type Jaguar;—and highly exclusive.