In early 1941 the Italians attempted to create a tank, the M16/43 "Saharan Fast Medium Tank", based on the design of a captured British A15 Crusader tank. Although the prototype tank performed well in trials, the type was cancelled in 1943; by this time, Italy had lost its North African territories and no longer needed a fast tank built for the deserts of North Africa. During the development of this tank, the Germans offered both their Panzer III and Panzer IV medium tanks for licensed production, under the condition that they supply half the resources needed for production, and all of the guns and sights for the tank. The Italians, not wanting to hand their industries to the Germans, rejected the offer, deciding instead to settle on an improved version of their own M14/41.