New TVR still under wraps! (Vol. 2)

New TVR still under wraps! (Vol. 2)

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anonymous-user

54 months

Wednesday 29th January 2020
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Gazzab said:
That’s an interesting update. Was it for an LE version - I assume they now have less than 500 deposit holders.
I suspect that the delivery estimate is finger in the air based on something along these lines:
- assumes they start knocking out a couple per week from a shed in the next 12 months
- assumes factory is fixed up and fitted out and they start to pump out cars in 12 - 15 months time maybe getting to 10 a week after 3 months and slowly building output rate thereafter.
Maybe front of the queue is also

“earliest delivery would be Q1 2022.”

At earliest?

Presumably others nearer the front have asked too?





Gazzab

21,091 posts

282 months

Wednesday 29th January 2020
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El stovey said:
Maybe front of the queue is also

“earliest delivery would be Q1 2022.”

At earliest?

Presumably others nearer the front have asked too?
I’d be surprised if that was the plan. Knowing it was more than 2 more years before your car will arrive (after already waiting years) would surely create an exodus of the remaining deposit holders.
I do wonder if people have moved up the queue as others have cancelled (and if TVR have confirmed).

Monkeylegend

26,385 posts

231 months

Wednesday 29th January 2020
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Don't also forget we were told the first cars would be delivered in 2018 so I would be very cautious about the new declaration until there is clear evidence that the factory is ready for production.

In light of the above we should expect to see some development mules around and about this year then in addition to the concept car.

Now if I was a betting man.........................................

cirks

2,472 posts

283 months

Wednesday 29th January 2020
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Not sure that surprises me.
IF there are say still 400 LE deposits held then 400 cars need to be built before he would get his. Easily would push out to Q1 2022 (and quite possibly later as definitely would everything to go well this year and then cars starting to be built properly from next year)

anonymous-user

54 months

Wednesday 29th January 2020
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It doesn’t really mean anything other than no time soon.

It would be much more interesting to hear what the first people on the list are being told.


Tyre Smoke

23,018 posts

261 months

Wednesday 29th January 2020
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So, let's say I want a LE and have £5k to put down. TVR tell me the car designed in 2016 will be available to me in 2022 before April?

Not a chance in Hell I would be risking £5k on that. I'd wait until the car is in full production and decide then. In reality I don't think I would want a six year old car when everything else was receiving facelifts/upgrades/updates/new models.

I'd also be very sceptical of receiving the car for the 2017 stated price of £60k. More like £60k plus inflation and other 'unforeseen' costs.

anonymous-user

54 months

Wednesday 29th January 2020
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Tyre Smoke said:
So, let's say I want a LE and have £5k to put down. TVR tell me the car designed in 2016 will be available to me in 2022 before April?
That’s the EARLIEST it will be available.

“earliest delivery would be Q1 2022”

It might be Q1 2022 or Q3 2036

Tyre Smoke

23,018 posts

261 months

Wednesday 29th January 2020
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Indeed my Spanish Cooker friend,

That makes my scenario even worse. Surely telling the poster on Facebook early 2022 is going to cause a further hiatus of deposit holders?

anonymous-user

54 months

Wednesday 29th January 2020
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Why dont they come out and say this publicly?

People applaud honesty and support it.

Until the takey some initiative and start to take control of the narrative they will be in a sea of rumours and criticism

Tyre Smoke

23,018 posts

261 months

Wednesday 29th January 2020
quotequote all
V6 Pushfit said:
Why dont they come out and say this publicly?

People applaud honesty and support it.

Until the takey some initiative and start to take control of the narrative they will be in a sea of rumours and criticism
Secret 'updates', promises of small volume pre-production, leaking roof, moving account reporting date on a technicality....

What is there to hide? Nothing at all. They are clearly desperately trying to cling on in my opinion.

anonymous-user

54 months

Wednesday 29th January 2020
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Tyre Smoke said:
V6 Pushfit said:
Why dont they come out and say this publicly?

People applaud honesty and support it.

Until the takey some initiative and start to take control of the narrative they will be in a sea of rumours and criticism
Secret 'updates', promises of small volume pre-production, leaking roof, moving account reporting date on a technicality....

What is there to hide? Nothing at all. They are clearly desperately trying to cling on in my opinion.
Very funny

Byker28i

59,770 posts

217 months

Wednesday 29th January 2020
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Tyre Smoke said:
So, let's say I want a LE and have £5k to put down. TVR tell me the car designed in 2016 will be available to me in 2022 before April?

Not a chance in Hell I would be risking £5k on that. I'd wait until the car is in full production and decide then. In reality I don't think I would want a six year old car when everything else was receiving facelifts/upgrades/updates/new models.

I'd also be very sceptical of receiving the car for the 2017 stated price of £60k. More like £60k plus inflation and other 'unforeseen' costs.
It's never been a £60k price. Les always said the LE would be first and would be 'under £90k' - so £89,999 biggrin
He said that at least three times that I met him and his team.

He did once talk about a base model at some time might be around that figure at some point but noone would buy it. Standard ford engine, not Cosworthed, base interior, real cut down spec, but they had no plans for that immediately and it would depend on the market.

Some have taken that to be the price but it's never, ever been that for the LE

Tyre Smoke

23,018 posts

261 months

Wednesday 29th January 2020
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You are correct. I was confusing the £60k, from the other thread. I'm sorry, I meant £90k.

boxedin

m4tti

5,427 posts

155 months

Wednesday 29th January 2020
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I’d say Q1 2022 is still ambitious. They have one car.. not a fleet of them and tons of milestones to hit.

2022 is the earliest I would imagine, when the second car rolls out the shed.





skwdenyer

16,486 posts

240 months

Wednesday 29th January 2020
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N7GTX said:
crosseyedlion said:
Started at 1 but by now firmly in 4. I'm actually angry at them for using up basically the last of the goodwill towards TVR and from the start its becoming evident that the story they've sold to the public has been different to reality on multiple points.
I can't believe that LE is quoted in 2018 as saying they had acquired another facility near the new main one and had started work on it so they could start production, training etc while the new factory was refurbished.. Yet, since then he's said nothing at all about it. So did he waste a load of money on it or was it just more fake news? Unbelievable.

[ TVR - March 2018-

You may recall that the Welsh Government recently announced they had acquired the building for TVR's new factory facility in Ebbw Vale just before Christmas.

As time was ticking on, we decided to acquire some additional space in order to let us get started in advance of the refurb being complete on the main building. I am happy to say that this has now been achieved - close to the the main facility. We have already begun the move from our Guildford development site to the new unit and to configure the building for pre-production builds, pilot builds etc. ]

Edited by N7GTX on Sunday 26th January 16:46
I’d say that update is mostly relevant if the company goes to the wall owing depositors money; if it was an actual lie, it might add some weight to a claim against Les personally.

LucyP

1,698 posts

59 months

Wednesday 29th January 2020
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skwdenyer - That would only help depositors who placed their deposit after he made that statement in 2018. Have there been any new deposits since then?

If you are saying that he has misrepresented the position, knowing that was he was saying was untrue, and intending people to rely on his statement, such that he can potentially be sued personally, then clearly that cannot apply to people who placed their deposit before he said it in 2018, because they clearly cannot have relied on a statement that had not been made at the time!

Hayek

8,969 posts

208 months

Wednesday 29th January 2020
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If they've got 2 years before much is happening, maybe they could fix the terrible dashboard in the meantime.

Gazzab

21,091 posts

282 months

Wednesday 29th January 2020
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LucyP said:
skwdenyer - That would only help depositors who placed their deposit after he made that statement in 2018. Have there been any new deposits since then?

If you are saying that he has misrepresented the position, knowing that was he was saying was untrue, and intending people to rely on his statement, such that he can potentially be sued personally, then clearly that cannot apply to people who placed their deposit before he said it in 2018, because they clearly cannot have relied on a statement that had not been made at the time!
If it all went bad and deposits were lost then they might argue that they didn’t cash in earlier due to this statement.

baconsarney

11,992 posts

161 months

Wednesday 29th January 2020
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Hayek said:
If they've got 2 years before much is happening, maybe they could fix the terrible dashboard in the meantime.
Or the front.


Or the back.

LucyP

1,698 posts

59 months

Wednesday 29th January 2020
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Gazzab - Nice try, but not a prayer. Just before Thomas Cook went down people were worried about the media stories and being told - just go to the airport, everything is fine. When they got there, it was far from fine.

You are not being induced to enter into a contract, which is what the law recognises.



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