New TVR still under wraps! (Vol. 3)
Discussion
Jon39 said:
Tyre Smoke said:
Remind me again, when and where can I buy this Gordon Murray car, and how much is it?
It will never see the light of day any more than the TVR will. And no new start up business on the scale that TVR needs to be is going to invest in a nine year life span.
It will never see the light of day any more than the TVR will. And no new start up business on the scale that TVR needs to be is going to invest in a nine year life span.
Unless your order has been accepted, the answer to you question is, you are too late. All 100 are sold. Price $2.1 million.
A special market niche seems to have become established in the sports car world. 'New' TVR did not attempt to be part of that niche, but want to be in the more competitive, much harder to find customers segment.
Very high priced limited run sports cars, which collectors desire and where orders are taken often before the public launch.
The launch announcement is usually accompanied by the statement saying, already oversubscribed. The deposits required are not at TVR £5,000 level, but often £500,000.
Aston Martin Valkyrie; Mercedes-AMG Project One; Koenigsegg Jesko; Glickenhaus SCG 007 Le Mans; Lotus Evija etc.
Unless GMA have repainted their original development car, then at least they have already built more then one T50.
And echo the above, love Saxon's optimism.
Revised version. Old Griffith 30 years old and still a timeless classic design : new Griffith 4 years old and already cliched and dated, then and now.
The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
No they couldn't! How many would they sell? Even Morgan don't do that.
The companies that do that, sell in miniscule numbers, at a very high price, to a very niche market. Here is your example. Have you ever seen one on the road?
https://www.autocar.co.uk/car-review/david-brown/m...
It's totally irrelevant as it won't ever be produced, but it also doesn't matter that TVR have not produced an instant classic. Not every version of the 911 has been an instant classic. Plenty will never be. That doesn't mean that Porsche didn't sell them by the truck load.
Nothing that Chinese MG are currently producing will ever be a classic car, but that doesn't mean that it would be a better business model for them to reintroduce an MGF or MGB shape under modern mechanicals. They sold just over 22,000 cars in the UK last year. It's the fastest growing car brand in the UK, selling mainly SUVs including plug-in hybrids.
The companies that do that, sell in miniscule numbers, at a very high price, to a very niche market. Here is your example. Have you ever seen one on the road?
https://www.autocar.co.uk/car-review/david-brown/m...
It's totally irrelevant as it won't ever be produced, but it also doesn't matter that TVR have not produced an instant classic. Not every version of the 911 has been an instant classic. Plenty will never be. That doesn't mean that Porsche didn't sell them by the truck load.
Nothing that Chinese MG are currently producing will ever be a classic car, but that doesn't mean that it would be a better business model for them to reintroduce an MGF or MGB shape under modern mechanicals. They sold just over 22,000 cars in the UK last year. It's the fastest growing car brand in the UK, selling mainly SUVs including plug-in hybrids.
frontfloater said:
Revised version. Old Griffith 30 years old and still a timeless classic design : new Griffith 4 years old and already cliched and dated, then and now.
The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
Why don’t you let Les know of your excellent idea. He might be keen to change his strategy from volume sports car manufacturing to a few modernised old models. That should help with the debt repayments, government support, factory ‘plans’, bonds etc The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
phazed said:
Nothing wrong with Surrey! 
I didn’t see that video earlier, it has reminded me what a great looking car it is. As someone said, it looks better in the flesh then just in photographs. One of the better things about it is it isn’t that big, quite small really and in the vein of past TVR’s. Quite said it couldn’t be built.
I'm sure Surrey is very nice Peter. I was taking the Michael out of Bullitt as he sometimes sounds like Newco's P.R. director - you know, the one that has been missing in action I didn’t see that video earlier, it has reminded me what a great looking car it is. As someone said, it looks better in the flesh then just in photographs. One of the better things about it is it isn’t that big, quite small really and in the vein of past TVR’s. Quite said it couldn’t be built.
@ TVR - with his irrepressible enthusiasm and optimism hire Saxon immediately.
Edited by N7GTX on Saturday 23 October 12:15
Gazzab said:
frontfloater said:
Revised version. Old Griffith 30 years old and still a timeless classic design : new Griffith 4 years old and already cliched and dated, then and now.
The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
Why don’t you let Les know of your excellent idea. He might be keen to change his strategy from volume sports car manufacturing to a few modernised old models. That should help with the debt repayments, government support, factory ‘plans’, bonds etc The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
saxon said:
So does anybody who works in the financial markets have an update on the bond issue??? That's the only thing that matters now!!
Saxon
Saxon
The latest update is that a few people did put money in. Just a few hundred thousand Pounds though, not the millions sought.
Wonder if those bond investors might be the same people, who still have TVR deposits outstanding? Whoever they are, clearly they have not studied sports car manufacturing business start-ups very thoroughly.
By raising only a small fraction of what was required, that is of no help at all in moving the project forward.
N7GTX said:
Gazzab said:
frontfloater said:
Revised version. Old Griffith 30 years old and still a timeless classic design : new Griffith 4 years old and already cliched and dated, then and now.
The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
Why don’t you let Les know of your excellent idea. He might be keen to change his strategy from volume sports car manufacturing to a few modernised old models. That should help with the debt repayments, government support, factory ‘plans’, bonds etc The hardware underneath the old Griffith is irrelevant ; they could have put new mechanicals under the old body, like some companies do now with MGs, Healeys, Interceptors, etc.
But the Vantage is an other old car that whose time is in the past. It wasn't even a sports car back in it's day. It was a heavy GT car, that is very old fashioned now. Like a TVR it was a bitsa car - engine from a Jaguar, handbrake from an XJS, switches from a Ford Fiesta, sat nav from a Volvo.
Frankly the Vantage is simply one of the most beautifully designed cars ever made and imho that series of Vantage is the best thing Aston has produced in decades! It's one of the very few cars that bears comparison with a Griffith, the Ferrari Dino, the E-type or a Lotus Esprit as perhaps the most beautiful car in the world at the time of their launch.
I can scarcely believe the vantage is so affordable secondhand actually - seems like £30k+ gets you into one and that's an unbelievable bargain in my book!! If I didn't fear the running costs I could even be tempted to part with my beloved and fully restored precat Griff for one!! I'd be very interested in your views on the driving experience and running costs v a TVR
Saxon
I can scarcely believe the vantage is so affordable secondhand actually - seems like £30k+ gets you into one and that's an unbelievable bargain in my book!! If I didn't fear the running costs I could even be tempted to part with my beloved and fully restored precat Griff for one!! I'd be very interested in your views on the driving experience and running costs v a TVR
Saxon
Jon39 said:
The latest update is that a few people did put money in. Just a few hundred thousand Pounds though, not the millions sought.
Wonder if those bond investors might be the same people, who still have TVR deposits outstanding? Whoever they are, clearly they have not studied sports car manufacturing business start-ups very thoroughly.
By raising only a small fraction of what was required, that is of no help at all in moving the project forward.
I'll have you know that the Welsh Govt were very diligent before handing over £3.5m. Yes really."The 10 year plan was reviewed for the Welsh Government by by both KPMG and Deloitte as part of their investment decision. Based on the obtained recommendations, Welsh Government decided to take part in the project."
and
"£65-£85 million enterprise valuation: the current enterprise valuation, factoring in risk, made by Cairn Financial Advisers LLP, including reviewing the 10 year plan and the indicative valuation analysis, confirm the valuation of the company carried out by management in the range of £65-£85 million."
LucyP said:
Old fashioned, heavy, expensive, slow. It's just an expensive Jaguar XK. The F-Type is miles better and a Porsche is miles better than an F-Type.
Is your opinion based on 'what I've read on t'internet' or based on ownership of each of them?Vantage=XK? More often I see opinions expressed that the DB9=expensive XK.
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