RE: TVR finally hurdles factory delay

RE: TVR finally hurdles factory delay

Author
Discussion

swisstoni

17,030 posts

280 months

Wednesday 12th June 2019
quotequote all
yonex said:
cerb4.5lee said:
It is funny that you say that and one of my mates has an Alpine A110 and I met up with him at a TVR meet where the new TVR turned up. He said to me why on earth would anyone want a thirsty big V8 anymore? I was a bit shocked if I'm honest at what he said, but I guess he is indicative to what most people want nowadays...small engines with decent economy/performance.
That's the problem. Things have changed, the market for cars which actually need driving and that will likely bite you if you're not paying attention are already pretty well covered. I remember looking at the first one and thinking it was too expensive, however. How many sink enormous sums into Singers and the like, there is money around but the issue will, and has always been where the 'new' buyers are. After the glut of enthusiasts have been satisfied, along with the odd youtube type, what next?

I would be interested to know from anyone who actually has a deposit down how TVR are handling the delays, what is actually being said outside of social media to those that have £10K in? How many have walked away and how many are? Is there a list as there was a while back of the order book as it currently stands?

I don't agree it's already out of date, but the Corvette will be interesting, if it makes it to the UK with a half decent price tag.
I like the Alpine and I like the idea of light Lotussy little things that handle brilliantly.
But I like monsters too.
There are various ways to have fun on wheels.

If TVR get off the ground I’m sure there will be enough people around that like their particular brand of fun.

RiknRoll

169 posts

180 months

Wednesday 12th June 2019
quotequote all
My take is (and I am a deposit holder - still, for what it matters) that I expected delays, and this email update they sent out to us merely confirms that. I had hoped work would have started by now given prior updates, but am under no allusions there is a lot of government bureaucracy that has been a major source of said delays. So it doesn't come as good news really. I'm not ready to pull out myself just yet, I want to give them as much chance as I can, and I think the end product is something that could be awesome.

That said, having wanted a new car for a while, before Easter I spoke with them and established a guestimate that it would be likely nearly 2 years before my personal build slot comes up (i.e would have been around late 2020/early 2021), I thus went out and picked myself up a V12 Vantage just before Easter to hoon about with instead for the time being as a stop-gap. Bloody wonderful it is too - No regrets there! So rather, it will be a hard choice between the two, should the choice arrive.

My point is rather than whinging and complaining, give them credit for trying, and patience where they are having struggles, support where we can and hope it all comes to fruition with something great. The more support and positivity there is, the more likely it happens, which is only a good thing for us all. Then when it comes along we have a lovely choice of a unique new offering. And believe me (having been in the prototype) it does have the chance of being something special.




Edited by RiknRoll on Wednesday 12th June 16:55

B10

1,239 posts

268 months

Wednesday 12th June 2019
quotequote all
RiknRoll said:
My point is rather than whinging and complaining, give them credit for trying, and patience where they are having struggles, support where we can and hope it all comes to fruition with something great. The more support and positivity there is, the more likely it happens, which is only a good thing for us all. Then when it comes along we have a lovely choice of a unique new offering. And believe me (having been in the prototype) it does have the chance of being something special.
Edited by RiknRoll on Wednesday 12th June 16:55
Well said. Let us be positive please.

anonymous-user

55 months

Wednesday 12th June 2019
quotequote all
B10 said:
RiknRoll said:
My point is rather than whinging and complaining, give them credit for trying, and patience where they are having struggles, support where we can and hope it all comes to fruition with something great. The more support and positivity there is, the more likely it happens, which is only a good thing for us all. Then when it comes along we have a lovely choice of a unique new offering. And believe me (having been in the prototype) it does have the chance of being something special.
Edited by anonymous-user on Wednesday 12th June 16:55
Well said. Let us be positive please.
yes

Hitch

6,107 posts

195 months

Wednesday 12th June 2019
quotequote all
RiknRoll said:
The more support and positivity there is, the more likely it happens, which is only a good thing for us all.
That's not true. The more deposits maybe, and you're part of that, but the fruition of this project will not be impacted by whether people think or write nice things about it on the internet.

As a slot holder you're showing a huge amount of goodwill. The reality of this news is that it is unlikely you'll see your car for another two years. I know they say good things come to those who wait but when this project was conceived the requirement for a production facility would have been known and none of the issues raised in this latest communication point at anything but mismanagement and/or intentional delay.

Biggriff

2,312 posts

285 months

Wednesday 12th June 2019
quotequote all
Still pie in the sky thinking. Car will be out of date if it’s finally delivered. Timelines look adventurous to say the least. Still a vapour TVR.

anonymous-user

55 months

Wednesday 12th June 2019
quotequote all
B10 said:
Well said. Let us be positive please.
I think we should all be Realistic tbh!

Ok, there were delays in shorting out getting the factory refurbished, great, what was going on in the meantime? How many more prototypes were built, what validation, certification, durability and production assurance tests were carried out? How is the progress on completing the sourcing for the BoM? Have prototypes been validated for for fit and finish with the target buyers? Have people been employed to start the production processes, has money been secured and assigned to buy the materials for the first build? Where are the press drives of the prototype and marketing campaign to help keep interest high?

There is a list as long as Mr Tickles arms that needs to be done before you can get to any sort of production model, and i haven't heard even the slightest squeek from TVR as to any progress over the last 8 months whist the "factory has been holding things up"........

anonymous-user

55 months

Wednesday 12th June 2019
quotequote all
Max_Torque said:
B10 said:
Well said. Let us be positive please.
I think we should all be Realistic tbh!

Ok, there were delays in shorting out getting the factory refurbished, great, what was going on in the meantime? How many more prototypes were built, what validation, certification, durability and production assurance tests were carried out? How is the progress on completing the sourcing for the BoM? Have prototypes been validated for for fit and finish with the target buyers? Have people been employed to start the production processes, has money been secured and assigned to buy the materials for the first build? Where are the press drives of the prototype and marketing campaign to help keep interest high?

There is a list as long as Mr Tickles arms that needs to be done before you can get to any sort of production model, and i haven't heard even the slightest squeek from TVR as to any progress over the last 8 months whist the "factory has been holding things up"........
Quite. According to accounts filed last year TVR Manufacturing Limited only had 7 employees including directors, 1 of whom is listed as an engineer? Maybe more employees are in a sub company I don't know but er...

Monkeylegend

26,429 posts

232 months

Wednesday 12th June 2019
quotequote all
There should be no excuse now for not providing regular progress updates now the issues with the factory have been sorted as this seems to have been the major reason for the delays smile

fridaypassion

8,577 posts

229 months

Wednesday 12th June 2019
quotequote all
What sort of deposits have people lo....erm placed with TVR?

PGNSagaris

2,934 posts

167 months

Wednesday 12th June 2019
quotequote all
I gave them £2.5k. Non TVR club members it was £5k.

Once I saw the new car in the flesh I got my deposit back. What a load of crap. Sorry - I love TVR but it looked rubbish.

And everything else that’s followed has just re-affirmed my decision that pulling the deposit was a good move.


swisstoni

17,030 posts

280 months

Wednesday 12th June 2019
quotequote all
Oh well. I enjoyed that positive 10 mins.

btom

479 posts

270 months

Wednesday 12th June 2019
quotequote all
RiknRoll said:
My take is (and I am a deposit holder - still, for what it matters) that I expected delays, and this email update they sent out to us merely confirms that. I had hoped work would have started by now given prior updates, but am under no allusions there is a lot of government bureaucracy that has been a major source of said delays. So it doesn't come as good news really. I'm not ready to pull out myself just yet, I want to give them as much chance as I can, and I think the end product is something that could be awesome.

That said, having wanted a new car for a while, before Easter I spoke with them and established a guestimate that it would be likely nearly 2 years before my personal build slot comes up (i.e would have been around late 2020/early 2021), I thus went out and picked myself up a V12 Vantage just before Easter to hoon about with instead for the time being as a stop-gap. Bloody wonderful it is too - No regrets there! So rather, it will be a hard choice between the two, should the choice arrive.

My point is rather than whinging and complaining, give them credit for trying, and patience where they are having struggles, support where we can and hope it all comes to fruition with something great. The more support and positivity there is, the more likely it happens, which is only a good thing for us all. Then when it comes along we have a lovely choice of a unique new offering. And believe me (having been in the prototype) it does have the chance of being something special.




Edited by RiknRoll on Wednesday 12th June 16:55
Very well said. Am on a similar wavelength, although my space saver car is an Ftype SVR which kind of proves this is as the perfect example of a first world problem. Of course I don't want to lose my £5k but the chance of resurrecting a brand that has given me so much joy over the years is a punt I am willing to take.

There is a pervasive negativity towards non mainstream brands that manifests itself in British motoring culture and TVR's travails are a wet dream to those who hold their motoring preferences as the standards we should all follow.

I know a couple of people who have lost their faith and got their deposits back and I respect that. I just wish everyone would respect those of us who retain the faith by not posting jibes on every thread about TVR.


anonymous-user

55 months

Wednesday 12th June 2019
quotequote all
PGNSagaris said:
I gave them £2.5k. Non TVR club members it was £5k.

Once I saw the new car in the flesh I got my deposit back. What a load of crap. Sorry - I love TVR but it looked rubbish.

And everything else that’s followed has just re-affirmed my decision that pulling the deposit was a good move.
That Sagaris still looks fresh. What a car.

Is there a chance they’ll tweak the styling, it did reportedly drive ok, did it not?

dvs_dave

8,642 posts

226 months

Wednesday 12th June 2019
quotequote all
As the contract for the factory refurb has been awarded, I’d expect it to be ready for the factory equipment fit out within 2019. Ie, looking like this.



How much factory kit needs to be installed, I don’t know, but I’d expect it to take another few months to install and commission it all before they can actually start making anything.

I’d expect TVR to be able to start getting the first cars off the line 9-12 months from now as being realistic.

Of course this isn’t with the “benefit” of practicality unlimited funding coming from an insurance company (as with the Triumph example) with the urgency of the (also insured) lost earnings of a going concern focusing everyone’s minds.

JxJ Jr.

652 posts

71 months

Wednesday 12th June 2019
quotequote all
Hellbound said:
Am I right in thinking Welsh tax payers are inadvertently funding a portion of this folly?...In any case if this does go tits up, I hope the Welsh tax payer takes ownership of everything.
You are indeed. The Welsh taxpayers are both shareholders in this venture, to the tune of £500k for a 3% holding, and lenders to the tune of £2m. In my view they should be neither, but then it's not my money. As to if it goes tits up, I doubt there'll be much of value left including IP.

0a

23,901 posts

195 months

Wednesday 12th June 2019
quotequote all
One of the very small number of new cars that seem really desirable or exciting to me. I wish them luck, but have fairly low hopes of cars being made in 2020!

cerb4.5lee

30,715 posts

181 months

Wednesday 12th June 2019
quotequote all
swisstoni said:
Oh well. I enjoyed that positive 10 mins.
Remember this is PH though and it is somewhere for us old gits to moan and groan about pretty much anything! biggrin

PGNSagaris

2,934 posts

167 months

Wednesday 12th June 2019
quotequote all
yonex said:
That Sagaris still looks fresh. What a car.

Is there a chance they’ll tweak the styling, it did reportedly drive ok, did it not?
The Sag is a masterpiece. As was the Tuscan, Cerb and 90’s Griff imho

Re the new Griff, they have said they will do NO amendments to the design. Bonkers

anonymous-user

55 months

Wednesday 12th June 2019
quotequote all
cerb4.5lee said:
swisstoni said:
Oh well. I enjoyed that positive 10 mins.
Remember this is PH though and it is somewhere for us old gits to moan and groan about pretty much anything! biggrin
The simple fact is that history provides an over whelming weight of evidence that clearly tells us that trying to make a going concern with a "Low volume sports car" type business case is, at best, extremely risky, and at worst, completely impossible!

Not for nothing does this have more than a grain of truth:



If it were easy, everyone would be doing it afterall!


The biggest issue i have, and the one that gives me the most cause for concern is nothing to do with factories, deposits, press releases or how the car looks, no it's simply a concern that NewCo haven't hired the right people to make this sort of project work. Sure, they spluffed a cheeky mil with GMD, but since they did the basic concept and exited stage left pronto (when the money dried up) what's actually happened? If NewCo think building the first (and only) prototype was painful and expensive, frankly, they are going to get a rude and expensive surprise when they actually try to get to any kind of production with that car.........