Who will buy TVR?
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Discussion

bad company

Original Poster:

21,916 posts

295 months

Tuesday 4th May 2004
quotequote all
I read that Peter Wheeler has put the company up for sale at £15million.

A bit outsided of my range. Perhaps we organise a whip round.

jonny tvr

4,548 posts

310 months

Tuesday 4th May 2004
quotequote all
where did you get that from?

Mrs Fish

30,018 posts

287 months

shnozz

30,622 posts

300 months

Tuesday 4th May 2004
quotequote all
Mrs Fish said:
See here

www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=96830


Lisa - get james to buy it for you as a wedding present

bad company

Original Poster:

21,916 posts

295 months

Tuesday 4th May 2004
quotequote all
Financial section (front page) of the Sunday Telegraph. I should have got the link and posted it here.

If the story is true I do hope that another entrepreneur buys TVR so it can remain independent.

DustyC

12,822 posts

283 months

Tuesday 4th May 2004
quotequote all
"Who will buy me this wonderful morning...."

loose cannon

6,056 posts

270 months

Tuesday 4th May 2004
quotequote all
give richard branson a ring he is the man for the job !!

Mrs Fish

30,018 posts

287 months

Tuesday 4th May 2004
quotequote all
shnozz said:

Mrs Fish said:
See here

<a href="http://www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=96830">www.pistonheads.com/gassing/topic.asp?h=0&f=23&t=96830</a>



Lisa - get james to buy it for you as a wedding present


SXS 

2,068 posts

269 months

Tuesday 4th May 2004
quotequote all
I think some filthy rich arab car lover should buy the company... and then hire some staff from Ferrari and Lamborghini and 'soup' up the join in Blackpool...

if not...

then I'll settle for Richard Branson, but I really wouldnt like to be driving a Virgin???? (although tempting

j_s_g

6,177 posts

279 months

Tuesday 4th May 2004
quotequote all
I was musing in the shower yesterday (that's my story, and I'm sticking to it )... should TVR have a strategic partnership in the same way other similar manufacturers have done/do now...

Obviously, Noble running Ford engines and Lotus being owned by Vauxhall are the first things that spring to mind as comparisons, but I was thinking more of the joint development Rover did with Honda in the 80s/90s. If you look at the big Japanese companies, there's a huge worldwide market for them to produce sporty cars - the 350Z & RX8 are going to be cash cows for them, that's for sure. So, that's Mazda and Nissan covered. The S2000 could do with a bit of a re-work (more than the current slight tweaks), and then that's Honda sorted (plus they've got the NSX/Integra to boot). But the MR2 & Celica?? Toyota could do with something a bit more "special".

This got me thinking... would it make more sense for TVR to design engines like the S6 themselves, but then outsource the manufacturing to somebody like Toyota with more stringent quality procedures. In return, Toyota would have what is an amazing engine design to put in a new car of their own (admittedly, this is unlikely, but this was shower-musing, after all). I could imagine TVR running the high-performance version of the S6 - 3.6 litre+ 350BHP+ engines, with them then doing smaller 2.7/3.2 litre, 280BHP engines... a potential successor to the RV8 in cars globally now that's dead, perhaps? Ignoring the shoddy stapling together of the various bits of papier-mache that make up the current build of the engine, it is a great design.

So, the relevance to this thread... perhaps rather than a straight buy-out, some kind of fully/partially owned subsidiary of a bigger car company is the way to go. I'd hope "partially" or "not at all" to be honest, or all the radical styling and decisions would no doubt get lost in paperwork.

gerrald

1 posts

268 months

Tuesday 4th May 2004
quotequote all
from what i heard, they are only selling the production side of it. racing and development are a seperate company.

J_S_G

6,177 posts

279 months

Tuesday 4th May 2004
quotequote all
gerrald said:
from what i heard, they are only selling the production side of it. racing and development are a seperate company.

Now that doesn't sound like too bad an idea.

oxbow

567 posts

279 months

Tuesday 4th May 2004
quotequote all
You really think only 15 mil?

J_S_G

6,177 posts

279 months

Tuesday 4th May 2004
quotequote all
oxbow said:
You really think only 15 mil?

Standard valuation would be 10x earnings, right... for the whole company (including engine designs, trademarks, etc.) £15m sounds very, very low. But for the production side of it, I can see that...

oxbow

567 posts

279 months

Tuesday 4th May 2004
quotequote all
Be very surprised if he sold its bits. Can't blame him for selling whole lot if he makes loads.

john yates

436 posts

287 months

Tuesday 4th May 2004
quotequote all
T.V.R. Should belong to the Queen of England! And we should all have to take a vow of Eligence to drive for Queen & Country. Like the Army, Navy and other British Armed Forces Do! Besides Its Just Pocket Change to Her. Or Prince William. Richard Branston was a good choice though! He's as mad as a Hatter! What about Rowen Atkinson or Noel Edmunds??? There both huge car enthusiasts. As long as it is someone British i don't care.
Chimaera S3 BNP Sorry S3TAY

oxbow

567 posts

279 months

Tuesday 4th May 2004
quotequote all
john yates said:
T.V.R. Should belong to the Queen of England! And we should all have to take a vow of Eligence to drive for Queen & Country. Like the Army, Navy and other British Armed Forces Do! Besides Its Just Pocket Change to Her. Or Prince William. Richard Branston was a good choice though! He's as mad as a Hatter! What about Rowen Atkinson or Noel Edmunds??? There both huge car enthusiasts. As long as it is someone British i don't care.
Chimaera S3 BNP Sorry S3TAY


Yip

maddog[uk]

2,392 posts

275 months

Tuesday 4th May 2004
quotequote all
Dam tempted to phone round some corporate finance mates, but I just flew out of the Uk today for a few days. Phoned my dad but he said he was not interested but he will ask around his mates. Alas he reminded me I have no background in the automotive industry, but for my sins 16 years ago I was an equities analyst for the sector for a large stockbrokers and worked on the Ford Jaguar deal. My dads advice call Richard Branson or the guys from Rover! Bless Him! I am interested if anyone is serious and they work in the city or have contacts let me know. You never know do you may be a PH take over is possible.

regards

Simon

>> Edited by maddog[uk] on Tuesday 4th May 22:07

Griff2be

5,105 posts

296 months

Tuesday 4th May 2004
quotequote all
[quote=maddog[uk]]Dam tempted to phone round some corporate finance mates, but I just flew out of the Uk today for a few days. Phoned my dad but he said he was not interested but he will ask around his mates. Alas he reminded me I have no background in the automotive industry, but for my sins 16 years ago I was an equities analyst for the sector for a large stockbrokers and worked on the Ford Jaguar deal. My dads advice call Richard Branson or the guys from Rover! Bless Him! I am interested if anyone is serious and they work in the city or have contacts let me know. You never know do you may be a PH take over is possible.

regards

Simon

[/quote]

I'm sorry, I'm not sure I understand what you mean by "I am interested"? Interested in what?

I work in the city, what is it I should be letting you know?

A PH takeover

J_S_G

6,177 posts

279 months

Tuesday 4th May 2004
quotequote all
During another shower-musing (ahem), I was wondering what the collective power of all the PH members could achieve... There are currenly 33,000 members, and if we assume each member has a car valued at £15k that could be sold, that's £500m in capital. I was trying to think of some collective task we should try and all work towards (without selling our cars) - getting rid of scameras, for instance. Owning TVR could be fun, though, and I'm sure they're not valued at > £0.5bn.