RE: TVR finally hurdles factory delay

[Jellinek]

JxJ Jr. said:

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.

A 3% stake for 500k would value the company at 16,666,666.666. Isn’t that the number of the beast.... sort of?

[Krikkit]

fblm said:

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...

So who's bank rolling the project, and what the hell have they been doing for months? I would have expected two more prototypes out and about testing by now.

Has the red one even been used for proper testing yet?

[anonymous-user]

yonex said:

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.

...

It really does.

[cerb4.5lee]

fblm said:

yonex said:

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.

...

It really does.

The price to get in a Sagaris reflects this too. The V8 really appeals to me with the new one though, and I liked both the inside and outside to be fair. The Sag has been my favourite TVR since I had my Cerbera back in 2006 for sure though.

[anonymous-user]

Jellinek said:

JxJ Jr. said:

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.

A 3% stake for 500k would value the company at 16,666,666.666. Isn’t that the number of the beast.... sort of?

With piffling sums like that they'll never win the John Z DeLorean championship for selling snake oil to stupid governments. If they can make it a sweet half a billion without a single car sold then I'll be impressed.

[anonymous-user]

cerb4.5lee said:

The price to get in a Sagaris reflects this too. The V8 really appeals to me with the new one though, and I liked both the inside and outside to be fair. The Sag has been my favourite TVR since I had my Cerbera back in 2006 for sure though.

Got to say I’ll have to own a clatter cam V8, but the straight 6 TVR made is probably the perfect road engine.

[Equus]

dme123 said:

With piffling sums like that they'll never win the John Z DeLorean championship for selling snake oil to stupid governments.

It does show a lack of ambition, doesn't it?

[cerb4.5lee]

yonex said:

cerb4.5lee said:

The price to get in a Sagaris reflects this too. The V8 really appeals to me with the new one though, and I liked both the inside and outside to be fair. The Sag has been my favourite TVR since I had my Cerbera back in 2006 for sure though.

Got to say I’ll have to own a clatter cam V8, but the straight 6 TVR made is probably the perfect road engine.

Funny you say that and when I was looking to buy a Cerbera I test drove both the straight 6 and V8, and I preferred the straight 6 because it was more free revving and smoother than the V8. I really wanted a V8 for my first TVR though so I went in that direction.

[anonymous-user]

Equus said:

dme123 said:

With piffling sums like that they'll never win the John Z DeLorean championship for selling snake oil to stupid governments.

It does show a lack of ambition, doesn't it?

They've probably backed the wrong horse with the WAG. While they really are exceptionally stupid, really a load of little children playing at being big men, they are also quite skint.

[fridaypassion]

If the Welsh Government have actually handed over the cash yet that would be a real shame as 500k split between lots of smaller businesses would have provided some real benefits to people rather than paying for some drawings and consultants which is essentially what this project is or was.

TVR were always urinating into an oncoming breeze with this. Trying to launch a new big engine sporscar is difficult due to the following facts:

Demand for fossil powered cars is dropping
Fossil cars are being legislated out of existence and quickly

Nobody buys sports cars in any serious volume any more

People if they are buying something want it to look good not like a cerial box that's been sat on

McLaren and Lotus are busy (or not that busy) proving the lack of market making very competitively priced products with a lot more development behind them

TVR existed in spirit form at Wiessman and they went down (although rumoured to be coming back) and they made a beautiful car

Brexit

Surely investors must be looking at these plans and seeing they are way over the top. Realistic sales world wide based on what the other manufacturers are doing they would be very lucky to sustain 500 units after an initial burst. They would never be able to pay anyone back.

[Monkeylegend]

The good things is that there is now no reason for any further delays as this seemed to be the only major aspect holding up the project according to TVR.

Now that the situation with the factory has been sorted, the selected contractors can get on with the job straight away and TVR will be ready to start production in 6 months or so, good news for all concerned.

This time next year Rodney.

Exciting times

[IforB]

Having been through the nightmare of putting a new manufacturing facility into an existing building in the past, then I suspect this will take a while to sort. I'm going to guess at 18 months until they have the production line commissioned and that's if they don't find too many nasties when they get going, which there will inevitably be.

I am a huge supporter of this project. I nearly put a deposit down, but I just couldn't get past the nagging feeling that it might not happen. I hope I am very wrong on that though and that I was a chump not to go for it.

Only time will tell, but I always suspect trouble when a project stretches the timeline like this. No matter what the justification, once the momentum starts to wane, it is very hard to get it back.

Fingers crossed.

[GranCab]

Too much smoke and far too many mirrors from TVR/Newco.

No one wishes this to fail but most expect it to do so.

[DRGAZZA]

Is that dash for real? Looks like a digital version of the old Rover SD1 with a mini ipad balanced alongside. Hope the production cars have a more sleek integrated look to them.

[DRGAZZA]

Is that dash for real? Looks like a digital version of the old Rover SD1 with a mini ipad balanced alongside. Hope the production cars have a more sleek integrated look to them.

[gary58]

Something happening at last and it's about bloody, time to there is a question in mind with all those who put deposits down four years ago do they get the new griff at that price if so they've made their selves, a lot of cash?

[ChocolateFrog]

DRGAZZA said:

Is that dash for real? Looks like a digital version of the old Rover SD1 with a mini ipad balanced alongside. Hope the production cars have a more sleek integrated look to them.

It looks ok to me for what isn't much more than a kit car. The bit highlighted needs integrating better but I could live with the rest.

[V8Head]

As a former TVR owner I am watching and waiting during this extended gestation and for its rebirth! I can only wish all those connected with this exciting marque well. We know you can re-ignite our passion for this brand Les, as did the late Peter Wheeler for some of us, so Good Luck and God Speed!!

[TheRainMaker]

ChocolateFrog said:

It looks ok to me for what isn't much more than a kit car.

Not sure you really know what you are talking about.



Doesn't look like a kit car to me.

[Monkeylegend]

TheRainMaker said:

ChocolateFrog said:

It looks ok to me for what isn't much more than a kit car.

Not sure you really know what you are talking about.



Doesn't look like a kit car to me.

Can see where the 25% short fall on parts is now.