New TVR still under wraps! (Vol. 3)
Discussion
Viper201 said:
Oh yes they were. They leased the actual 'factory' for storage purposes for 6 months. They also occupied an office supplied rent free from the council.
Thay must have imagined that they were amongst Britain's leading motor vehicle manufacturers, and also one of the largest car builders in Wales, alongside Aston Martin.
TVR are even a paid up member of the Society of Motor Manufacturers and Traders, hob knobbing amongst the likes of Rolls Royce and Ford.
Having been neither a car manufacturer nor a trader, I don't know how they are eligible for membership.
(TVR Electric Vehicles Ltd is the member)
Viper201 said:
He posted an almost identical post very recently which he then deleted and said he would not be posting in this thread again.
Well said. Just that one sentence reveals an untrustworthy character.
Reminds me of a certain Knight, who went to a private school, but says call me Mister and forgets everything else.
Very proud to be the son of a toolmaker though (to fit his role), and has said numerous times, brought up in impoverished circumstances just outside London. Reality, very smart leafy Oxted, Surrey. The home was sold a while ago for £500,000.
Don't mention the field sale.
Mind you, that is all a standard requirement for his job.
Jon39 said:
Viper201 said:
Oh yes they were. They leased the actual 'factory' for storage purposes for 6 months. They also occupied an office supplied rent free from the council.
Thay must have imagined that they were amongst Britain's leading motor vehicle manufacturers, and also one of the largest car builders in Wales, alongside Aston Martin.
TVR are even a paid up member of the Society of Motor Manufacturers and Traders, hob knobbing amongst the likes of Rolls Royce and Ford.
Having been neither a car manufacturer nor a trader, I don't know how they are eligible for membership.
(TVR Electric Vehicles Ltd is the member)
Ensorcia's boss wants TVR to build electric cars - no surprise there - but TVR still want their V8. If the electric car market continues to decline I wonder if Mr Layton will continue to hand TVR more money.
The ev market is a strange one. I nearly ordered a lotus ev suv recently but just couldn’t get excited about it and having a 3 ton 5m long thing on my drive was a turn off. The quality of ev’s can be really bad. Look at MG, laughably bad but some people are less able to judge these things and seem to like them. I guess they probably also like a subway and a Greggs.
Are the MG EV's really 'laughably bad' or is that just an opinion? They are certainly cheap but are also the best selling EV in the UK currently so I understand, so they are doing something right! What Car magazine said this......
"MG's electric hatchback car is staggering value for money – particularly in entry-level SE trim. But don’t think that by going for the cheapest choice you’ll be left lacking in kit, though; luxuries such as adaptive cruise control and rear parking sensors come as standard.
Elsewhere, the MG4 impresses with a competitive range of up to 218 miles between charges with the cheapest 50.8kWh battery. The more expensive 61.7kWh models, meanwhile, can travel up to 281 miles between charges according to official figures. If you want to match a good range with the kind of acceleration which can embarrass a Porsche Taycan 4S, then go for the MG4 XPower, which gets 429bhp and four-wheel drive.
Some rivals, such as the Cupra Born and Renault Megane E-Tech are quieter, more polished to drive and have smarter interiors than the MG, but then they also cost thousands more to buy."
They are certainly doing a darn sight better than TVR!!!
"MG's electric hatchback car is staggering value for money – particularly in entry-level SE trim. But don’t think that by going for the cheapest choice you’ll be left lacking in kit, though; luxuries such as adaptive cruise control and rear parking sensors come as standard.
Elsewhere, the MG4 impresses with a competitive range of up to 218 miles between charges with the cheapest 50.8kWh battery. The more expensive 61.7kWh models, meanwhile, can travel up to 281 miles between charges according to official figures. If you want to match a good range with the kind of acceleration which can embarrass a Porsche Taycan 4S, then go for the MG4 XPower, which gets 429bhp and four-wheel drive.
Some rivals, such as the Cupra Born and Renault Megane E-Tech are quieter, more polished to drive and have smarter interiors than the MG, but then they also cost thousands more to buy."
They are certainly doing a darn sight better than TVR!!!
https://www.pmw-magazine.com/features/powertrain-f...
Ex TVR employee, now engineering lead, in house built flat plane crank, one of the fastest production cars ever, started after the smiling Griffith nonsense contraption.
Shows it can be done.
Ex TVR employee, now engineering lead, in house built flat plane crank, one of the fastest production cars ever, started after the smiling Griffith nonsense contraption.
Shows it can be done.
m4tti said:
https://www.pmw-magazine.com/features/powertrain-f...
Ex TVR employee, now engineering lead, in house built flat plane crank, one of the fastest production cars ever, started after the smiling Griffith nonsense contraption.
Shows it can be done.
Ex TVR employee, now engineering lead, in house built flat plane crank, one of the fastest production cars ever, started after the smiling Griffith nonsense contraption.
Shows it can be done.
A design that certainly caught my attention, at the Goodwood Festival of Speed.
Not only an innovative and attractive looking car, but 'delivered the goods' as well, by setting a hillclimb class record.
Another car that has recently introduced innovative speed, is the McMurtry.
Two tons of downforce at 0 mph, so can corner at huge G forces, even through low speed bends.
Under 40 seconds at Goodwood a year or so ago, therefore presumably out of fairness to 'lesser' competitors, did not compete this year in the timed run category.
That article on the Czinger makes no mention of price, so it probably falls within the saying "If you have to ask, you can't afford it".
The "tandem" seating layout is also questionable ; I can't imagine many passengers wanting to spend the whole of a journey, or track session, seeing nothing but the back of the driver's head and seat.
The "tandem" seating layout is also questionable ; I can't imagine many passengers wanting to spend the whole of a journey, or track session, seeing nothing but the back of the driver's head and seat.
TVR Finance has just published the accounts at Companies House. I am no accountant but things look bad to me.
The auditors have said this:
"The principal asset of the company is is a £1,226,707 loan with TVR Automotive Ltd. Without ongoing support, and repayment of the loan, TVR Finance Limited would not be a going concern.
At 30 June 2023, the auditors of TVR Automotive Ltd were unable to obtain adequate comfort that the main asset of TVR Automotive Ltd (£9.6m of non-current intangible assets) was recoverable, as this is dependent on the success of that group's business plan which depends on the the successful raising of additional equity and debt funding.
Due to the qualified opinion audit report on TVR Automotive Ltd, we are unable to obtain adequate comfort that TVR Finance Ltd will be able to settle financial obligations as they fall due. As such, our audit report is in relation to going concern."
The auditors have said this:
"The principal asset of the company is is a £1,226,707 loan with TVR Automotive Ltd. Without ongoing support, and repayment of the loan, TVR Finance Limited would not be a going concern.
At 30 June 2023, the auditors of TVR Automotive Ltd were unable to obtain adequate comfort that the main asset of TVR Automotive Ltd (£9.6m of non-current intangible assets) was recoverable, as this is dependent on the success of that group's business plan which depends on the the successful raising of additional equity and debt funding.
Due to the qualified opinion audit report on TVR Automotive Ltd, we are unable to obtain adequate comfort that TVR Finance Ltd will be able to settle financial obligations as they fall due. As such, our audit report is in relation to going concern."
When was it ever a going concern.
It’s not been a going concern since before the Russian got involved
That’s close to two decades ago.
Please bring back pictures of pretty gardens as that holds more interest……….
Based on this thread who in their right mind would want to take on TVR and have to deal with some of the supporters of the brand who like nothing more than dissecting someone else’s business dealings.
It’s no wonder Mr Edgar wanted to attract a younger audience and have little to do with the older generation of so called fans.
It’s over as 98% of the people who were once interested have also long since moved on and no longer post on here because they accept reality, these posts are just to keep a few people busy talking about something that failed a long long time ago.
I’ve only posted on here because I’m a fan of the mark and feel this thread has turned into a pointless exercise in moaning about what happens when someone’s dream fails to materialise and others constantly slate them for ever trying.
It’s obviously of great interest to a handful of contributors for no other reason than to occupy your time as what good can come of it.
For true fans of the name its distressing and disappointing a few people still enjoy dragging the name through the mud when it’s blatantly obvious the company had very little chance of survival in today’s market place.
Compared to other companies TVR depts are nothing but loose change and not worth the hundreds of pages written about it.
It’s a free world so enjoy your attempts to keep this thread going for what seems like no other reason than to entertain yourselves as what good can come of it?
If you have an answer to that question I’d like to hear it then maybe I’d understand!
For any logical minded person the years of promises coming from Tvr that all fell away and never materialised some 10 years ago was the writing on the wall and all of those logical business minded folk have long since given up hoping or even considering Tvr had a future.
All this stuff is just the fallout and happens to lots of businesses.
I’d suggest Tvr paid back the deposits and no harm was done to all those Tvr supporters and some respect should be shown for that at least.
BritishTvr450 said:
When was it ever a going concern.
It’s not been a going concern since before the Russian got involved
That’s close to two decades ago.
Please bring back pictures of pretty gardens as that holds more interest……….
Based on this thread who in their right mind would want to take on TVR and have to deal with some of the supporters of the brand who like nothing more than dissecting someone else’s business dealings.
It’s no wonder Mr Edgar wanted to attract a younger audience and have little to do with the older generation of so called fans.
It’s over as 98% of the people who were once interested have also long since moved on and no longer post on here because they accept reality, these posts are just to keep a few people busy talking about something that failed a long long time ago.
I’ve only posted on here because I’m a fan of the mark and feel this thread has turned into a pointless exercise in moaning about what happens when someone’s dream fails to materialise and others constantly slate them for ever trying.
It’s obviously of great interest to a handful of contributors for no other reason than to occupy your time as what good can come of it.
For true fans of the name its distressing and disappointing a few people still enjoy dragging the name through the mud when it’s blatantly obvious the company had very little chance of survival in today’s market place.
Compared to other companies TVR depts are nothing but loose change and not worth the hundreds of pages written about it.
It’s a free world so enjoy your attempts to keep this thread going for what seems like no other reason than to entertain yourselves as what good can come of it?
If you have an answer to that question I’d like to hear it then maybe I’d understand!
For any logical minded person the years of promises coming from Tvr that all fell away and never materialised some 10 years ago was the writing on the wall and all of those logical business minded folk have long since given up hoping or even considering Tvr had a future.
All this stuff is just the fallout and happens to lots of businesses.
I’d suggest Tvr paid back the deposits and no harm was done to all those Tvr supporters and some respect should be shown for that at least.
ETA my apologies I see you acknowledged that in your post
Edited by baconsarney on Monday 22 July 12:18
BritishTvr450 said:
When was it ever a going concern.
It’s not been a going concern since before the Russian got involved
That’s close to two decades ago.
Please bring back pictures of pretty gardens as that holds more interest……….
Based on this thread who in their right mind would want to take on TVR and have to deal with some of the supporters of the brand who like nothing more than dissecting someone else’s business dealings.
It’s no wonder Mr Edgar wanted to attract a younger audience and have little to do with the older generation of so called fans.
It’s over as 98% of the people who were once interested have also long since moved on and no longer post on here because they accept reality, these posts are just to keep a few people busy talking about something that failed a long long time ago.
I’ve only posted on here because I’m a fan of the mark and feel this thread has turned into a pointless exercise in moaning about what happens when someone’s dream fails to materialise and others constantly slate them for ever trying.
It’s obviously of great interest to a handful of contributors for no other reason than to occupy your time as what good can come of it.
For true fans of the name its distressing and disappointing a few people still enjoy dragging the name through the mud when it’s blatantly obvious the company had very little chance of survival in today’s market place.
Compared to other companies TVR depts are nothing but loose change and not worth the hundreds of pages written about it.
It’s a free world so enjoy your attempts to keep this thread going for what seems like no other reason than to entertain yourselves as what good can come of it?
If you have an answer to that question I’d like to hear it then maybe I’d understand!
For any logical minded person the years of promises coming from Tvr that all fell away and never materialised some 10 years ago was the writing on the wall and all of those logical business minded folk have long since given up hoping or even considering Tvr had a future.
All this stuff is just the fallout and happens to lots of businesses.
I’d suggest Tvr paid back the deposits and no harm was done to all those Tvr supporters and some respect should be shown for that at least.
Viper201 said:
It seems that due to the Chinese onslaught in the electric vehicle market, Audi are contemplating closing their factory due to falling sales. Tesla sales are falling quite heavily too.
Ensorcia's boss wants TVR to build electric cars - no surprise there - but TVR still want their V8. If the electric car market continues to decline I wonder if Mr Layton will continue to hand TVR more money.
And even Mate Rimac is saying that there is no real market for sport electric niche cars. Ensorcia's boss wants TVR to build electric cars - no surprise there - but TVR still want their V8. If the electric car market continues to decline I wonder if Mr Layton will continue to hand TVR more money.
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