Has nobody else seen this?
Discussion
DCL you are kidding right?
This is the financial cancer of the Caterham F1 debarcle spreading.
Imagine the situation if Fernandes can't find a buyer for Caterham Cars when he decides he wants out. I bet the very word Caterham causes a small amount of bile to enter his throat. As a potential buye, would you invest millions in a business with no future guarantee they will be free of legislation allowing the 7 to be sold as a road car in a few years?
Corven Ventures did the right thing in this regard when they unloaded it on Fernandes.
This is the financial cancer of the Caterham F1 debarcle spreading.
Imagine the situation if Fernandes can't find a buyer for Caterham Cars when he decides he wants out. I bet the very word Caterham causes a small amount of bile to enter his throat. As a potential buye, would you invest millions in a business with no future guarantee they will be free of legislation allowing the 7 to be sold as a road car in a few years?
Corven Ventures did the right thing in this regard when they unloaded it on Fernandes.
What I find disgusting is that they managed to raise enough money recently due to the publics good will. What did they do with that money .... pay off all their suppliers and redundancy for the workforce. NO ... pissed it up the wall taking part in a pointless race. Feel sorry for the laid off.
IBDAET said:
DCL you are kidding right?
This is the financial cancer of the Caterham F1 debarcle spreading.
Imagine the situation if Fernandes can't find a buyer for Caterham Cars when he decides he wants out. I bet the very word Caterham causes a small amount of bile to enter his throat. As a potential buye, would you invest millions in a business with no future guarantee they will be free of legislation allowing the 7 to be sold as a road car in a few years?
Corven Ventures did the right thing in this regard when they unloaded it on Fernandes.
You do realise the bit that has been closed down, which happens to be in the village nearest to me, is just the old F1 factory, kept open for the guys who wouldn't relocate?This is the financial cancer of the Caterham F1 debarcle spreading.
Imagine the situation if Fernandes can't find a buyer for Caterham Cars when he decides he wants out. I bet the very word Caterham causes a small amount of bile to enter his throat. As a potential buye, would you invest millions in a business with no future guarantee they will be free of legislation allowing the 7 to be sold as a road car in a few years?
Corven Ventures did the right thing in this regard when they unloaded it on Fernandes.
It has little relevance to the road car business.
Fernandes might well want to offload CC to but there'll be no shortage of buyers for a company with an 8 month lead time for its products. Hell, I'll buy it if no one else wants to!
Waasn't the factory in question related to the Aero car, and the failed Alpine JV - puts it very close to CCL. You have to remember that the failure of the F1 team was all down to the fact that a company which paid Tony $45m, didn't have the share capital of the business. Why would they pay the debtors? And who does that make the owners of 1MRT etc?
I wouldn't mind betting CCL has an 8 month lead time because it has no parts due to "cashflow optimisation".
I wouldn't mind betting CCL has an 8 month lead time because it has no parts due to "cashflow optimisation".
http://www.autocar.co.uk/car-news/industry/caterha... its an article from last May but may add some insight
Very few modern businesses carry stock, stuff sitting on shelves costs money and inevitably if you go down the road of holding stock you may have piece parts sitting there doing nothing for a long time.
Most companies now operate, a lean process that means parts are not ordered till you have a demand and the cash is in the bank.
Most companies now operate, a lean process that means parts are not ordered till you have a demand and the cash is in the bank.
freebee said:
Very few modern businesses carry stock, stuff sitting on shelves costs money and inevitably if you go down the road of holding stock you may have piece parts sitting there doing nothing for a long time.
Most companies now operate, a lean process that means parts are not ordered till you have a demand and the cash is in the bank.
So why have an online store that only lets you buy when it's in stock? Following your model this would inevitably lead to zero sales. But I accept that it is a model that many companies follow successfully.Most companies now operate, a lean process that means parts are not ordered till you have a demand and the cash is in the bank.
My point here is that I suspect 'just-in-time' stock control is more a 'when-the-supplier-gets-paid' method of stock control.
Edited by DCL on Saturday 29th November 11:28
DCL said:
My point here is that I suspect 'just-in-time' stock control is more a 'when-the-supplier-gets-paid' method of stock control.
Clearly none of know but just in time delivery is a concept that most companies use, it could also be that items in stock are used to build a car and for the occasional purchase of widget x or y it may be its order as required for a customer. More often than not you see on posts here can I buy x or y cheaper elsewhere as an example why would you stock an item that only gets purchased once every 9 months ? Guess what part of the group has huge salary overheads?...CTI....if that is still lumped in with the car division, it'll drag it down. I'm suspicious of views that CC might be a good buy. I spoke to someone who ought to know that fact last year and it didn't sound all wine and roses...
REALIST123 said:
You do realise the bit that has been closed down, which happens to be in the village nearest to me, is just the old F1 factory, kept open for the guys who wouldn't relocate?
It has little relevance to the road car business.
Fernandes might well want to offload CC to but there'll be no shortage of buyers for a company with an 8 month lead time for its products. Hell, I'll buy it if no one else wants to!
NO IT ISNT !It has little relevance to the road car business.
Fernandes might well want to offload CC to but there'll be no shortage of buyers for a company with an 8 month lead time for its products. Hell, I'll buy it if no one else wants to!
CTI is (was) mainly staffed by ex Lotus cars people inc some big names like Dave Minter ect
It was started soon after Tony bought Caterham and they were based in the Hethel Technical centre at the top of potash lane (Very handy to poach staff from next door)
When F1 left CTI moved in and about 20 F1 staff remained and intergrated into CTI as it grew to 140/150
Very sad and a pity Tonys pockets weren't as big as his dreams and that the egos of some of the people who got there and thought they had reached the promised land on mega wages and a rich benifactor
f1rob said:
REALIST123 said:
You do realise the bit that has been closed down, which happens to be in the village nearest to me, is just the old F1 factory, kept open for the guys who wouldn't relocate?
It has little relevance to the road car business.
Fernandes might well want to offload CC to but there'll be no shortage of buyers for a company with an 8 month lead time for its products. Hell, I'll buy it if no one else wants to!
NO IT ISNT !It has little relevance to the road car business.
Fernandes might well want to offload CC to but there'll be no shortage of buyers for a company with an 8 month lead time for its products. Hell, I'll buy it if no one else wants to!
CTI is (was) mainly staffed by ex Lotus cars people inc some big names like Dave Minter ect
It was started soon after Tony bought Caterham and they were based in the Hethel Technical centre at the top of potash lane (Very handy to poach staff from next door)
When F1 left CTI moved in and about 20 F1 staff remained and intergrated into CTI as it grew to 140/150
Very sad and a pity Tonys pockets weren't as big as his dreams and that the egos of some of the people who got there and thought they had reached the promised land on mega wages and a rich benifactor
f1rob said:
NO IT ISNT !
CTI is (was) mainly staffed by ex Lotus cars people inc some big names like Dave Minter ect
It was started soon after Tony bought Caterham and they were based in the Hethel Technical centre at the top of potash lane (Very handy to poach staff from next door)
When F1 left CTI moved in and about 20 F1 staff remained and intergrated into CTI as it grew to 140/150
Very sad and a pity Tonys pockets weren't as big as his dreams and that the egos of some of the people who got there and thought they had reached the promised land on mega wages and a rich benifactor
I thought I was far more tactful than you...but you seem to have summed it up rather well...but isn't their carbon some of the best you've ever seen? CTI is (was) mainly staffed by ex Lotus cars people inc some big names like Dave Minter ect
It was started soon after Tony bought Caterham and they were based in the Hethel Technical centre at the top of potash lane (Very handy to poach staff from next door)
When F1 left CTI moved in and about 20 F1 staff remained and intergrated into CTI as it grew to 140/150
Very sad and a pity Tonys pockets weren't as big as his dreams and that the egos of some of the people who got there and thought they had reached the promised land on mega wages and a rich benifactor
DCL said:
Low stock levels and long lead times are a classic sign that enthusiasm to fund the organisation is waning. But I'm sure the core business will survive - just sad to see a company ruthlessly ravaged by a business plan that was clearly out of context for the brand and market.
On that basis then, Morgan must be in deep s
t?REALIST123 said:
You surprise me. Since the F1 team left, the site has been very quiet, the car park half empty and the absence of caterham staff wandering around the village at lunchtime quite noticeable. News round here is that the 60 odd who worked there have lost their jobs, not 140/150.
When F1 was there you were looking at 350 ish people and they were on split shifts so lots of people about from 5am to 11pm. About 300 of that number were from outside the region so lots of people in b*b,renting houses ect They were " racers" as well so often working a lot more than their shift
When they weren't working they were often kicking their heels about town with nothing else to do so more visible
CTI were 99% local with people who already had houses and lives in the region
Also mostly all on the 9-5 Lotus cars mentality !
Some people were on contracts that started being ended soon as the Alpine deal died, others saw the writing on the wall and got out early !
Then there was another earlier thinning out of staff in May that wasn't reported
There were only 68 left on Nov 26th but 12 months before it was 150/160 ish
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