New TVR still under wraps! (Vol. 3)
Discussion
Way back in time, Les said there was going to be a BIG update. He admitted he was trying to sell the name and company. It went quiet - par for the course - then he declared that he didn't want to sell to someone where the name would be swallowed up. Now why do I find myself not quite believing that.
Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
Viper201 said:
Way back in time, Les said there was going to be a BIG update. He admitted he was trying to sell the name and company. It went quiet - par for the course - then he declared that he didn't want to sell to someone where the name would be swallowed up. Now why do I find myself not quite believing that.
Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
I missed this... Where and When did he say he was trying to sell the name ?Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
Only real hope is flogging it to an oriental outfit (ala MG, Lotus, etc), and hoping they pour in some development dollars to get a reimagined Griffith out with some sort of hybrid option, as well as the now virtually mandatory for survival, EV SUV of some description. It would need to be able to give that new Fezza Puroschlongue, and Lambo Anus, or whatever they’re called, a black eye in the looks and drag race department.
Edited by dvs_dave on Monday 29th May 20:06
Even if you turn up and buy "TVR" the question remains, what have you actually bought?
OK, a brand. But what's the value of that brand? What does the brand stand for? How many sales are immediately assured by sticking that badge on the back of a car? How much cash is worth paying for the brand?
If names like Saab, Triumph, Bristol and Scimitar are worthless I struggle to see any significant value in TVR.
OK, a brand. But what's the value of that brand? What does the brand stand for? How many sales are immediately assured by sticking that badge on the back of a car? How much cash is worth paying for the brand?
If names like Saab, Triumph, Bristol and Scimitar are worthless I struggle to see any significant value in TVR.
dvs_dave said:
Only real hope is flogging it to an oriental outfit (ala MG, Lotus, etc), and hoping they pour in some development dollars to get a reimagined Griffith out with some sort of hybrid option, as well as the now virtually mandatory for survival, EV SUV of some description. It would need to be able to give that new Fezza Puroschlongue, and Lambo Anus, or whatever they’re called, a black eye in the looks and drag race department.
But who would want to drive a TVL Gliffith SEEdited by dvs_dave on Monday 29th May 20:06
bad company said:
Please excuse me not wanting to plough through c750 pages in 3 volumes but could someone update me please. Is there ever going to be a car and what happened to the deposits already paid?
Will there be a car…unlikely. What happened to the deposits already paid…all private deposit returns have been honoured afaik. Suspect there aren’t many private deposits left. Dealer deposits are a different story.
dvs_dave said:
Only real hope is flogging it to an oriental outfit (ala MG, Lotus, etc), and hoping they pour in some development dollars to get a reimagined Griffith out with some sort of hybrid option, as well as the now virtually mandatory for survival, EV SUV of some description. It would need to be able to give that new Fezza Puroschlongue, and Lambo Anus, or whatever they’re called, a black eye in the looks and drag race department.
I think Lawrence Tomlinson would buy the TVR name if it was cheap enough.. It would fit nicely with Ginetta and Farbio.Edited by dvs_dave on Monday 29th May 20:06
I think over half a million quid for the Speed 12 shows the TVR name still has some standing .... just
Edited by glow worm on Monday 29th May 20:55
Wacky Racer said:
Panamax said:
Even if you turn up and buy "TVR" the question remains, what have you actually bought?
OK, a brand. But what's the value of that brand? What does the brand stand for.
]OK, a brand. But what's the value of that brand? What does the brand stand for.
glow worm said:
Viper201 said:
Way back in time, Les said there was going to be a BIG update. He admitted he was trying to sell the name and company. It went quiet - par for the course - then he declared that he didn't want to sell to someone where the name would be swallowed up. Now why do I find myself not quite believing that.
Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
I missed this... Where and When did he say he was trying to sell the name ?Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
Update of the 'Big News' - 27/10/2018 - https://www.tvr-car-club.co.uk/news/latest-compreh...
"We are in discussions with a couple of major potential partners in this respect, and will share the news when we are able to, and meanwhile make no apology for ensuring we don’t trip over our shoelaces in finalising what will be the most important deal in the history of TVR, by a huge factor."
Update of the update of the 'Big News' - 26/2/2019 - https://www.tvr-car-club.co.uk/news/tvr-manufactur...
"more on which in another update soon, together with the ‘BIG NEWS’ which is not only still coming, but getting even bigger (hence the reason it’s still coming!)."
6 months on and now the 'Big News' is not happening contrary to what Edgar said previously - 31/8/2019 - https://www.tvr-car-club.co.uk/news/latest-announc...
"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."
My interpretation of this is that Edgar tried to enlist a 'global partner' which to me means one of the big car manufacturers. At the time names like Ford and Lotus were mentioned on here. It was obviously going to be a major brand as he claims he didn't want TVR to be 'dissolved into another name'.
He claims the 'deals and the counterparties weren't right'.
In the fanciful world which Edgar inhabits, this to me translates as: look, we can't manufacture a new car as we don't have any money. We have gone round with the begging bowl hoping one of the top car makers will bail us out. But they have decided to offer us well below our valuation so the deal is off. Now we are stuck with TVR so we'll just have to get on with it and try to raise money. But to cover up the failed negotiations and not disappoint the deposit holders and keep them on the hook, I'll tell them how personal it is and how easily confused I am with cars. As I've put some of my own money into this gamble I want to get it all back even if it means huge delays.
Some years ago, Ford expanded their empire buying Jaguar and Volvo. They also bought Kwik Fit from Tom Farmer. But Ford discovered that Kwik Fit owned 50% of another company called Hometune. For the buy-out to succeed Kwik Fit were told to either sell their share in Hometune or buy it out completely. Ford did not do 'halves'. I have no idea if Ford were ever a consideration for Edgar but he is naive if he thinks he can dictate to a serious global manufacturer. Hence why I believe he would have sold out if a 'partner' had offered his valuation.
No big name would have much interest in a company with only a concept which when delved into deeper has no substance, even when the production method is ‘revolutionary’ but when that is delved into deeper has no substance, and even when it links up with a lithium mining company which when delved into deeper has no….
Viper201 said:
glow worm said:
Viper201 said:
Way back in time, Les said there was going to be a BIG update. He admitted he was trying to sell the name and company. It went quiet - par for the course - then he declared that he didn't want to sell to someone where the name would be swallowed up. Now why do I find myself not quite believing that.
Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
I missed this... Where and When did he say he was trying to sell the name ?Looking at most of the directors positions/companies and they have form for selling up. It seems inevitable or they go bust 7 years after unveiling the car.
Update of the 'Big News' - 27/10/2018 - https://www.tvr-car-club.co.uk/news/latest-compreh...
"We are in discussions with a couple of major potential partners in this respect, and will share the news when we are able to, and meanwhile make no apology for ensuring we don’t trip over our shoelaces in finalising what will be the most important deal in the history of TVR, by a huge factor."
Update of the update of the 'Big News' - 26/2/2019 - https://www.tvr-car-club.co.uk/news/tvr-manufactur...
"more on which in another update soon, together with the ‘BIG NEWS’ which is not only still coming, but getting even bigger (hence the reason it’s still coming!)."
6 months on and now the 'Big News' is not happening contrary to what Edgar said previously - 31/8/2019 - https://www.tvr-car-club.co.uk/news/latest-announc...
"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."
My interpretation of this is that Edgar tried to enlist a 'global partner' which to me means one of the big car manufacturers. At the time names like Ford and Lotus were mentioned on here. It was obviously going to be a major brand as he claims he didn't want TVR to be 'dissolved into another name'.
He claims the 'deals and the counterparties weren't right'.
In the fanciful world which Edgar inhabits, this to me translates as: look, we can't manufacture a new car as we don't have any money. We have gone round with the begging bowl hoping one of the top car makers will bail us out. But they have decided to offer us well below our valuation so the deal is off. Now we are stuck with TVR so we'll just have to get on with it and try to raise money. But to cover up the failed negotiations and not disappoint the deposit holders and keep them on the hook, I'll tell them how personal it is and how easily confused I am with cars. As I've put some of my own money into this gamble I want to get it all back even if it means huge delays.
Some years ago, Ford expanded their empire buying Jaguar and Volvo. They also bought Kwik Fit from Tom Farmer. But Ford discovered that Kwik Fit owned 50% of another company called Hometune. For the buy-out to succeed Kwik Fit were told to either sell their share in Hometune or buy it out completely. Ford did not do 'halves'. I have no idea if Ford were ever a consideration for Edgar but he is naive if he thinks he can dictate to a serious global manufacturer. Hence why I believe he would have sold out if a 'partner' had offered his valuation.
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