New TVR still under wraps! (Vol. 2)

New TVR still under wraps! (Vol. 2)

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Tyre Smoke

23,018 posts

262 months

Thursday 29th August 2019
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jonny142 said:
This season has 'Racing' underneath the TVR ... Mmmm ..Racing away perhaps ?
It did last season too. There was speculation that 'Racing' was nothing to do with NewCo.

Gazzab

21,108 posts

283 months

Thursday 29th August 2019
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Tyre Smoke said:
It did last season too. There was speculation that 'Racing' was nothing to do with NewCo.
TVR Racing is a dormant co with £1 in the bank. Les is a shareholder.

Tyre Smoke

23,018 posts

262 months

Thursday 29th August 2019
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So I wonder why the continued sponsorship of Rebellion?

I know the idea was originally to get TVR back endurance racing or one make series like the Tuscan Challenge of old, but surely this is very premature?

m4tti

5,427 posts

156 months

Thursday 29th August 2019
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Free trip to Le Mans whilst dropping their tax liability.

Classic Chim

12,424 posts

150 months

Thursday 29th August 2019
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2-3 years ago it wasn’t premature as they had a car to promote and stickers on racing cars to increase public awareness.

Probably a signed and payed agreement to have the logo on the car for x races or seasons I’d expect.


N7GTX

7,876 posts

144 months

Thursday 29th August 2019
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Les has always said he wants to go racing and some of his fellow directors are into this as well. But I struggle to see how placing a sticker advertising a racing company on a successful (but different) racing car works especially as TVR Racing is a dormant company, there is no car, no idea when or if there will be an actual car, so what exactly are they advertising now?
Agree with Al, they probably sponsored this when hopes were high and agreed a deal for a number of years.

anonymous-user

55 months

Thursday 29th August 2019
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N7GTX said:
Les has always said he wants to go racing and some of his fellow directors are into this as well. But I struggle to see how placing a sticker advertising a racing company on a successful (but different) racing car works especially as TVR Racing is a dormant company, there is no car, no idea when or if there will be an actual car, so what exactly are they advertising now?
Agree with Al, they probably sponsored this when hopes were high and agreed a deal for a number of years.
Its advertising the fashion brand - they sell overalls.

Tyre Smoke

23,018 posts

262 months

Friday 30th August 2019
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Except nobody is buying them!

anonymous-user

55 months

Friday 30th August 2019
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N7GTX said:
Les has always said he wants to go racing and some of his fellow directors are into this as well. But I struggle to see how placing a sticker advertising a racing company on a successful (but different) racing car works especially as TVR Racing is a dormant company, there is no car, no idea when or if there will be an actual car, so what exactly are they advertising now?
Agree with Al, they probably sponsored this when hopes were high and agreed a deal for a number of years.
They still get to go to races as VIPs and be in the pits etc. It’s obviously not the same as owning a team but you’ve got your name on a car and can enjoy a lot of the benefits. As they have been.

FlipFlopGriff

7,144 posts

248 months

Friday 30th August 2019
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Jones Bros to complete factory construction and fitout works.
Worryingly hybrid gets a mention as the last thing in the update!!!!
FFG

Edited by FlipFlopGriff on Friday 30th August 16:07

8nil

603 posts

213 months

Friday 30th August 2019
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FlipFlopGriff said:
Jones Bros to complete factory construction and fitout works.
Worryingly hybrid gets a mention as the last thing in the update!!!!
FFG

Edited by FlipFlopGriff on Friday 30th August 16:07
Hybrid...... Like it or not.... Its the way the world is going
Head of Ford Performance quoted as saying the next gen RS Focus will be a hybrid power train.


Edited by 8nil on Friday 30th August 16:24

BJWoods

5,015 posts

285 months

Friday 30th August 2019
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I don't see 'hybrid' being mentioned as 'worrying, but positive.. ie TVR have a drive train partner, and in the future, they have access to whatever they need, given any legislation.. I don't expect to see any car before 2021? unless I was being really optimistic..

I have a £2.5k 4 year old deposit, so it is going to stay there come what may.. (And I've just bought a Mustang convertible to play with!)

____________________________________

____________________________________Summer update and a bonus awaits
____________________________________



Dear All,

Can Silence be Golden?

It’s been a little while since the last update and we do know that silence is not always golden, but we have been off our feet.
Real progress has been made in the face of significant challenges – the wheels of government grind ever so slowly onwards, but onwards nonetheless, albeit sometimes in a slightly different direction than you may have been led to believe!

Of course we realise it’s been quiet, and never want to mislead any of our supporters. As ever we only bring you news when it’s news - not spin, but we understand that the silence often leads to frustrations. Luckily, the vast majority are willing to wait for a ‘great thing’…and we’re going to deliver it! Thanks to everybody who continues to be part of the history of TVR – you’re going to get a fantastic TVR-designed car, engineered by legendary Gordon Murray CBE, and powered by a mega V8 - what’s not worth waiting for??!

We’ve Always made plain Ebbw Vale is core to our strategy and, as we’ve mentioned previously,the factory is proceeding more slowly than we would like and whilst we are achieving forward momentum, sometimes bureaucratic processes that are designed to assist actually hamper. At last, we are very pleased to announce that we are appointing Jones Brothers (Henllan) in respect of our element of the factory refurbishment and fit-out plans for the site in Ebbw Vale!

Jones Brothers ( jbhl.co.uk ) have extensive and broad experience in the construction and civil engineering sector, as well as being local boys and leaders in their field for nearly 50 years. The range of projects they have worked on in the past is not limited to buildings either, with highway construction being part of their repertoire together with some great projects such as working on the Swansea City Training Academy amongst others. With their highways experience it raised a few suggestions in the canteen over what is done with the perimeter road around the factory for car ‘testing’ … thinking about that, now’s the time for some cool suggestions for things the factory should have – a set of Carlos Fandango wheels goes to the best idea submitted – 2 sets for second place!

Actually, Jones Bros. are a delight to work with and I have the utmost faith that they will produce a facility unlike that of any other sports car manufacturer. The handover of your car at the factory will be an experience, the like of which you are unlikely to find anywhere else.
We understand from Mr Jones that the refurbishment works, repairs to the building itself and fit-out are relatively straightforward, although I’m sure there’ll be some unexpected stuff along the way. We are now waiting to confirm the anticipated start of works on site and, ultimately, the project completion date which will give us (and you!) the necessary info to plan for Start of Production.

Returning to major matters of moment, we’ve always made plain that we have Global ambitions, this is where the long-term, bigger picture lies, not least given Brexit, and this is what has been occupying huge amounts of attention of our small but nimble team. Not to detract from Ebbw Vale, but nor let Ebbw Vale pull us back from our attentions in that direction.

To compete effectively on the worldwide stage on a standalone basis is not something you can do from Walliswood or indeed Ebbw Vale, you need a serious global partner. We have had a number of serious offers but I have to choose the right partner for all of us. TVR is not a brand that I want dissolving into another name. I feel a personal duty to keep the name alive, individual and unique. I look at some sports cars these days and get so confused as to the brand and model - I am determined that will not be TVR. As is often the case, we thought we were ‘there’ with two counterparties (this in fact was the ‘Big News’ we alluded to in a previous update) but for the reasons above, the deals and the counterparties weren’t right. We’re determined not to compromise, even if it means delay, as we’ve always said, and we aren’t going to back off or fail to deliver.

Please remember that all of the team at TVR have skin in the game – we put our own money into this, our own blood, sweat and tears – it’s not just business, it’s very personal for us. Of course, we have to make money to survive and grow and, for all the reasons previously explained, the cash requirement has grown. That means raising more than we had planned in order to grow our business in the way we need to. We’re doing that and now working on the best alternatives. We appreciate that our focus on getting it ‘right’ rather than ‘quick’ means there’s now a stretch between expectation when we were pressed to open the depositor book and current expectation, which we’ll minimise so far as we can while maintaining that focus on ‘rightness’

Actually, Silence is Golden

As a reward to our faithful early supporters who are such an important part of our journey - keeping the faith alongside us in the resurrection of this iconic marque and delivery of this awesome machine - we are devising a scheme to say thank you.

Next month we will let you have details of our proposals to reward those who have been so supportive, those who have placed deposits with us (some before they knew even the most basic details of the new car, or that it would be the next Griffith!). It will reflect our thanks and hopefully acknowledge your support! We are even looking into the issue of (free!) shares to our faithful deposit holders (subject to regulatory requirements)…




In other news….

Fancy being a little alternative?
Here’s something for those overly concerned they won’t be able to drive into cities with a fire-breathing V8 unless they have Hybrid credentials…we’ve got ‘em! It’s probably the case that it will be mandatory to have a hybrid bit nailed to your car for some geographies, even if you don’t believe the powers that be have really thought this whole ecology thing through. Our powertrain partner is Ford, so don’t panic, we’ve got it covered. Note, other food blenders are available!

Next month we’ll update you on all of the above and more.

All the best
Les
TVR Manufacturing Ltd

www.tvr.co.uk

P.S. Don’t forget the TVR-Rebellion team are competing in the WEC at Silverstone this weekend and the weather looks dry for the race on Sunday (12:00* start), with free practice and qualifying tomorrow at 09:00*, 11:50* & 12:20* Do give them a cheer if you're spectating.
(* Est. times, can vary)

Image (c) Éric Fabre.
____________________________________
Roaring Back, into Ebbw Vale - Wales
& Sponsor of Ebbw Vale
Rugby Football Club
____________________________________





Edited by BJWoods on Friday 30th August 17:35

Fermit and Sexy Sarah

13,020 posts

101 months

Friday 30th August 2019
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It takes some effort to write so much without actually giving any information. At least it acknowledges they need more money.

anonymous-user

55 months

Friday 30th August 2019
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They’ve got a canteen ?

FlipFlopGriff

7,144 posts

248 months

Friday 30th August 2019
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Good on you Barry for going with the 'Stang. I'm dropping at least one deposit, just need to get around to it. Too many other things to do in life than wait.
FFG

N7GTX

7,876 posts

144 months

Friday 30th August 2019
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Its a worry that 2 'counterparties' have fallen through and more money is needed. frown

unrepentant

21,272 posts

257 months

Friday 30th August 2019
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N7GTX said:
Its a worry that 2 'counterparties' have fallen through and more money is needed. frown
One assumes they looked at the books, the business model, the ugly car, the disappearing deposits and the apparent lack of nous and said "no thanks".

BJWoods

5,015 posts

285 months

Friday 30th August 2019
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FlipFlopGriff said:
Good on you Barry for going with the 'Stang. I'm dropping at least one deposit, just need to get around to it. Too many other things to do in life than wait.
FFG

Lovely car, impact blue, black, black wheels, 3k miles 3 rs old, auto convertible, tonnes of options. a car that my wife will be very happy to drive aswell. (doesn't drive either TVR) So I have now 3 V8 sports cars.. (and parking for 2!! ) cost/worth all together < than new Griffth (or likely price of new Corvette)

Still want a new Griffith though... but now, I'll just wait and when /if it happens will be a pleasant surprise and just get on with other stuff in the mean time.

8nil

603 posts

213 months

Friday 30th August 2019
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unrepentant said:
One assumes they looked at the books, the business model, the ugly car, the disappearing deposits and the apparent lack of nous and said "no thanks".
It's Friday. Have some beer and cheer up.

m4tti

5,427 posts

156 months

Friday 30th August 2019
quotequote all
8nil said:
It's Friday. Have some beer and cheer up.
Aye Glennie boy, but he is in the “united of states” known as America biggrin

You get a wee light beer over there.
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