New TVR still under wraps!
Discussion
In the meantime, the guys could warm up with this one 
https://store.steampowered.com/app/591370/Producti...
https://store.steampowered.com/app/591370/Producti...
Andrew Gray said:
Oh you of little faith remember they gave millions to a ferry company without any boats
Andrew
Actually, they didn't; the contract required boats to be present before money was released. Hopefully the Welsh government won't require cars to be visible before TVR's money is released...Andrew
On the assumption the contract is given to refurb the factory very shortly then I have every confidence the car will be built!
How and why would the Welsh Government and Les push on with awarding a contract to prepare the factory if a solid business plan wasn't in place?
To the many nay sayers on here do you really think Les and the Welsh Government are going to push on blindly/unchallenged hanging on a wing and a prayer? I think both are astute enough to know the implications of that would be highly undesirable and some!
Looking at the evidence that is the only conclusion I can see...provided the factory refurb is awarded of course!
Graham007 said:
On the assumption the contract is given to refurb the factory very shortly then I have every confidence the car will be built!
How and why would the Welsh Government and Les push on with awarding a contract to prepare the factory if a solid business plan wasn't in place?
To the many nay sayers on here do you really think Les and the Welsh Government are going to push on blindly/unchallenged hanging on a wing and a prayer? I think both are astute enough to know the implications of that would be highly undesirable and some!
Looking at the evidence that is the only conclusion I can see...provided the factory refurb is awarded of course!
Les who?How and why would the Welsh Government and Les push on with awarding a contract to prepare the factory if a solid business plan wasn't in place?
To the many nay sayers on here do you really think Les and the Welsh Government are going to push on blindly/unchallenged hanging on a wing and a prayer? I think both are astute enough to know the implications of that would be highly undesirable and some!
Looking at the evidence that is the only conclusion I can see...provided the factory refurb is awarded of course!
Apparently no individual or entity has significant control over TVR Automotive.
Persons of significant control are defined as someone who holds, directly or indirectly, more than 25% of the shares in the company.
or holds, directly or indirectly, more than 25% of the voting rights in the company or holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company or has the right to exercise, or actually exercises, significant influence or control over the company or exercises significant influence or control over the trustees of a trust or partners of a firm, where that trust or firm is not a separate legal entity, but where those trustees or partners would otherwise meet the conditions above.
So no individual has more than 25% equity or has the right to appoint directors or the right to exercise significant control over the company. So who's Les and what's his role?
As for the Welsh government "pushing on blindly". Yeah, absolutely. Very few politicians have a clue when it comes to business. Look at British Leyland, British Steel, DeLorean etc...………… Astute? British politicians? You're having a laugh.
Please help as I really can’t read through 466 pages although I did contribute somewhere at the start.
Is this car actually going to be built?
If not how safe are the deposits paid by those wanting early (joke) build slots?
I have a Chim bought new in 2002 and really starting to wonder if TVR will really ever reappear.
Is this car actually going to be built?
If not how safe are the deposits paid by those wanting early (joke) build slots?
I have a Chim bought new in 2002 and really starting to wonder if TVR will really ever reappear.
bad company said:
Please help as I really can’t read through 466 pages although I did contribute somewhere at the start.
Is this car actually going to be built?
If not how safe are the deposits paid by those wanting early (joke) build slots?
I have a Chim bought new in 2002 and really starting to wonder if TVR will really ever reappear.
The answers to that questions depend on the time of day, position of the moon and time since the last update Is this car actually going to be built?
If not how safe are the deposits paid by those wanting early (joke) build slots?
I have a Chim bought new in 2002 and really starting to wonder if TVR will really ever reappear.
Go read all of it, it's half the fun of the getting the car.unrepentant said:
Graham007 said:
On the assumption the contract is given to refurb the factory very shortly then I have every confidence the car will be built!
How and why would the Welsh Government and Les push on with awarding a contract to prepare the factory if a solid business plan wasn't in place?
To the many nay sayers on here do you really think Les and the Welsh Government are going to push on blindly/unchallenged hanging on a wing and a prayer? I think both are astute enough to know the implications of that would be highly undesirable and some!
Looking at the evidence that is the only conclusion I can see...provided the factory refurb is awarded of course!
Les who?How and why would the Welsh Government and Les push on with awarding a contract to prepare the factory if a solid business plan wasn't in place?
To the many nay sayers on here do you really think Les and the Welsh Government are going to push on blindly/unchallenged hanging on a wing and a prayer? I think both are astute enough to know the implications of that would be highly undesirable and some!
Looking at the evidence that is the only conclusion I can see...provided the factory refurb is awarded of course!
Apparently no individual or entity has significant control over TVR Automotive.
Persons of significant control are defined as someone who holds, directly or indirectly, more than 25% of the shares in the company.
or holds, directly or indirectly, more than 25% of the voting rights in the company or holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of the company or has the right to exercise, or actually exercises, significant influence or control over the company or exercises significant influence or control over the trustees of a trust or partners of a firm, where that trust or firm is not a separate legal entity, but where those trustees or partners would otherwise meet the conditions above.
So no individual has more than 25% equity or has the right to appoint directors or the right to exercise significant control over the company. So who's Les and what's his role?
As for the Welsh government "pushing on blindly". Yeah, absolutely. Very few politicians have a clue when it comes to business. Look at British Leyland, British Steel, DeLorean etc...………… Astute? British politicians? You're having a laugh.
DsDetective said:
Having read the cover letter thing a couple of times, it has to be a send up - surely?
All the updates from Les (shown as 'retired' under occupation at TVR Manufacturing Ltd - doh!!!) an active director btw, have been overflowing with exclamation marks!!!!!!!!!!! The last one, from memory, has one or two!bad company said:
bullittmcqueen said:
The answers to that questions depend on the time of day, position of the moon and time since the last update Go read all of it, it's half the fun of the getting the car.
Maybe by the time I read through the whole thread the cars might start being built. Go read all of it, it's half the fun of the getting the car.
bullittmcqueen said:
I totally don't get what your point is ? Are you saying that TVR is without control ? Shareholders give a mandate to the directors to execute the business-strategy. TVR Automotive (+ Manufacturing and whatever) are in the business of bringing a car to market and i'm sure all shareholders are aware of that plan and support it. A company can have 20 shareholders holding 5% each. As long as a majority of votes supports a strategy, it can be executed.
This isn't a multi national plc. It's a small business. To succeed you need an entrepreneur who can make decisions and exercise control. Someone who can cut through the bureaucratic and logistical BS and get things done. Can you see a Peter Wheeler or a William Lyons or a Ferruccio Lamborghini presiding over this debacle? unrepentant said:
bullittmcqueen said:
I totally don't get what your point is ? Are you saying that TVR is without control ? Shareholders give a mandate to the directors to execute the business-strategy. TVR Automotive (+ Manufacturing and whatever) are in the business of bringing a car to market and i'm sure all shareholders are aware of that plan and support it. A company can have 20 shareholders holding 5% each. As long as a majority of votes supports a strategy, it can be executed.
This isn't a multi national plc. It's a small business. To succeed you need an entrepreneur who can make decisions and exercise control. Someone who can cut through the bureaucratic and logistical BS and get things done. Can you see a Peter Wheeler or a William Lyons or a Ferruccio Lamborghini presiding over this debacle? But still, yes, TVR are a small business. I just read that the Piech Mark 1 will require an investment volume of 400-500 Mio until it can be produced in (ok, large) volume.
unrepentant said:
This isn't a multi national plc. It's a small business. To succeed you need an entrepreneur who can make decisions and exercise control. Someone who can cut through the bureaucratic and logistical BS and get things done. Can you see a Peter Wheeler or a William Lyons or a Ferruccio Lamborghini presiding over this debacle?
Exactly! Governments, ftse100’s etc are run by committees. A start up like Tvr needs effective and cut through the bs leadership.Gazzab said:
unrepentant said:
This isn't a multi national plc. It's a small business. To succeed you need an entrepreneur who can make decisions and exercise control. Someone who can cut through the bureaucratic and logistical BS and get things done. Can you see a Peter Wheeler or a William Lyons or a Ferruccio Lamborghini presiding over this debacle?
Exactly! Governments, ftse100’s etc are run by committees. A start up like Tvr needs effective and cut through the bs leadership.The problem TVR appear to have is that they are trying to work with the public sector - in my day job we do this all of the time, progress is always glacial.
Not according to the SMMT. Gilbern died in 1973. Aston and TVR supposed to be building in Wales. Toyota hybrid engines on Deeside. Unless someone knows more?
https://www.smmt.co.uk/2016/04/quarter-of-a-billio...
https://www.smmt.co.uk/2016/04/quarter-of-a-billio...
https://www.facebook.com/pg/BonBon-Films-111774247...
edit:
(inspired by a post in the facebook deposit holders group)
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