RE: TVR to offer carbon construction

RE: TVR to offer carbon construction

Author
Discussion

GetCarter

29,408 posts

280 months

Tuesday 26th January 2016
quotequote all
Moominator said:
Who is the finance/backer behind TVR?
http://www.telegraph.co.uk/luxury/motoring/73702/tvr-2017-relaunch-with-mclaren-f1-legend-gordon-murray.html

Ozzie Osmond

21,189 posts

247 months

Tuesday 26th January 2016
quotequote all
Moominator said:
Who is the finance/backer behind TVR?
300 people x £5,000 deposit each = £1,500,000

"Businessman Les Edgar now owns TVR, and is developing the car in collaboration with Gordon Murray and Cosworth. Given the often troubled history of British sports car makers there is no guarantee that the revived TVR will be a success, but Edgar is bullish...."

You can bet your bottom dollar the venture is structured with very little in TVR itself. The company formally registered in UK is called TVR Automotive Ltd and is so small it has filed almost nothing. Murray's carbon company and Cosworth will surely both be independent contractors to limit their exposure if the whole thing implodes.

DonkeyApple

55,479 posts

170 months

Tuesday 26th January 2016
quotequote all
Moominator said:
Who is the finance/backer behind TVR?
My understanding is that there are a series of Surrey based backers of LE's ilk and he is the core figurehead.

GetCarter

29,408 posts

280 months

Tuesday 26th January 2016
quotequote all
DonkeyApple said:
Moominator said:
Who is the finance/backer behind TVR?
My understanding is that there are a series of Surrey based backers of LE's ilk and he is the core figurehead.
This is what I heard.

wemorgan

3,578 posts

179 months

Tuesday 26th January 2016
quotequote all
Ozzie Osmond said:
300 people x £5,000 deposit each = £1,500,000
That wouldn't even cover the design costs, let alone manufacture anything.

DonkeyApple

55,479 posts

170 months

Tuesday 26th January 2016
quotequote all
GetCarter said:
DonkeyApple said:
Moominator said:
Who is the finance/backer behind TVR?
My understanding is that there are a series of Surrey based backers of LE's ilk and he is the core figurehead.
This is what I heard.
Wouldn't be surprised if the current HQ of TVR was the club house at Wentworth. biggrin

danp

1,603 posts

263 months

Tuesday 26th January 2016
quotequote all
A shame that Lotus don't appear to be taking on this tech, would appear to fit well with them (low weight/cost/volumes)

A Lotus instead of Yamaha badge on this would have been fantastic.

http://www.roadandtrack.com/car-shows/tokyo-auto-s...


Moominator

37,193 posts

212 months

Tuesday 26th January 2016
quotequote all
wemorgan said:
Ozzie Osmond said:
300 people x £5,000 deposit each = £1,500,000
That wouldn't even cover the design costs, let alone manufacture anything.
Hence my question, you'd need a huge amount of money for the tech and scale for essentially a start up.

I'm sceptical it will happen.

Sway

26,337 posts

195 months

Tuesday 26th January 2016
quotequote all
I thought one of the few things absolutely confirmed was that funding was in place to cover costs through to at least the second year of production...

Ozzie Osmond

21,189 posts

247 months

Tuesday 26th January 2016
quotequote all
.... but lets say the number is £20,000,000 and they are going to build 250 cars a year.

20,000,000 / 500 = costs of £40,000 per car BEFORE you even get to the parts and labour to build them and BEFORE the dealer has received any profit. Terrifying.

What will parts and labour be to build a TVR? Another £40,000? After all an Ariel Atom is made out of nothing yet still costs the thick end of £50,000 on the road.

Sway

26,337 posts

195 months

Tuesday 26th January 2016
quotequote all
You're assuming that 'fully funded for development and two years of production' requires full payback over those two years.

The dev costs are I'm sure planned to be amortised over more than two year's production. This isn't LE's first rodeo!

Ozzie Osmond

21,189 posts

247 months

Tuesday 26th January 2016
quotequote all
Yes indeed.

HarryW

15,154 posts

270 months

Tuesday 26th January 2016
quotequote all
I thought they had a ten year business plan, in which case I would expect the nre costs to probably be spread over at least half of that time frame and deferred in the first couple of years to allow the re establishment of the marque into the market at an attractive price point.

Top Gear TVR

2,244 posts

155 months

Saturday 30th January 2016
quotequote all
I love some of these comments, especially the comparison to BMW.

In 1992 TVR made the V8S. Its bonnet didn't open properly and there might even have been the odd noise and squeak. But - guess what. It was a fraction of the cost of a Ferrari and was actually faster.

Not bad for a few blokes in Blackpool with a landrover 4 litre V8, some glass fibre, a bit of tubular steel and box section and a few bits out of ford and sherpa van parts bins.

I really hope its slightly brutal and rough around the edges - but still faster, noisier and made in Britain in a British way..

k-ink

9,070 posts

180 months

Saturday 30th January 2016
quotequote all
danp said:
A shame that Lotus don't appear to be taking on this tech, would appear to fit well with them (low weight/cost/volumes)

A Lotus instead of Yamaha badge on this would have been fantastic.

http://www.roadandtrack.com/car-shows/tokyo-auto-s...

Every time Yamaha turn out a concept car I want it so badly. Yet they never do anything.

anonymous-user

55 months

Saturday 30th January 2016
quotequote all
Top Gear TVR said:
I love some of these comments, especially the comparison to BMW.

In 1992 TVR made the V8S. Its bonnet didn't open properly and there might even have been the odd noise and squeak. But - guess what. It was a fraction of the cost of a Ferrari and was actually faster.

Not bad for a few blokes in Blackpool with a landrover 4 litre V8, some glass fibre, a bit of tubular steel and box section and a few bits out of ford and sherpa van parts bins.

I really hope its slightly brutal and rough around the edges - but still faster, noisier and made in Britain in a British way..
you're not wrong.

unfortunately, we are not in 1992 any longer, things have moved on, a LONG way. Have a look at the performance and real world usability / reliability of say a 488, and you can see the mountain TVR have to climb....

KTF

9,823 posts

151 months

Monday 1st February 2016
quotequote all
Top Gear TVR said:
made in Britain in a British way..
From your description the 'British way' seems to mean lashed together but as long as its cheap enough people wont care? Hardly a glowing endorsement...

anonymous-user

55 months

Friday 5th February 2016
quotequote all
RoverP6B said:
Not sure, but that isn't a road car. It's a barely-legal track car, in the same way as a Caterham or Ariel Atom is. Engineering a road car that has to be weather-tight, air-conditioned etc is a very different kettle of fish.
How are Atoms or Caterhams barely legal. They are legal or not. Is this another one of your special definitions, which you ultimately tie yourself in knots trying to reason?



RoverP6B

4,338 posts

129 months

Friday 5th February 2016
quotequote all
They go through a different homologation process to normal production cars, the low volume of production exempting them from various rules which apply to normal cars. You don't think a barely-altered 1950s Lotus Seven would pass current EU rules, do you?!

DonkeyApple

55,479 posts

170 months

Friday 5th February 2016
quotequote all
RoverP6B said:
They go through a different homologation process to normal production cars, the low volume of production exempting them from various rules which apply to normal cars. You don't think a barely-altered 1950s Lotus Seven would pass current EU rules, do you?!
1968. And today's Caterham doesn't have much in common to the original under the plastic.