Re : TVR appoints new CEO; laments factory issues

Re : TVR appoints new CEO; laments factory issues

Author
Discussion

DonkeyApple

55,409 posts

170 months

Tuesday 28th January 2020
quotequote all
True but the less outlandish TVRs were the ones that sold in the highest numbers. The Sag put a lot of £50k buyers off with its extreme looks. At £100k to find enough buyers a car sadly has to be a little less exciting if it wants to attract the large number of buyers that this project is looking for. It’s a tiny company looking to match Lotus sales figures. Personally I think the new design is loud enough. When the modern consumer wants to stand out he just wraps any car in gold and drives round a shopping centre at 5mph.

Griffithy

929 posts

277 months

Wednesday 29th January 2020
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Tyre Smoke said:
swisstoni said:
Chims and Griffs were the equivalent of more than £60k today. The Cerbera and the T cars were a good bit more than that.
Umm. You're wrong I'm afraid. I was offered a brand new Cerbera from a main dealer in 2004 for £42000. Allowing for inflation that is £60900 today.
Alternative facts: wink

The original invoice of my Cerb 4.5 shows £57825 in 03/2000.

List prices in ca. 2002 inc. VAT: (prices without options, for well equipped ones add £5000 to £10000)
Tamora £36500
Tuscan/S £39850/£48800
Cerbera S6/4.2/4.5 £41100/£41100/£46500
Tuscan R £75000

DonkeyApple

55,409 posts

170 months

Wednesday 29th January 2020
quotequote all
Final list price of the Typhon was £135.000 and with the two options of supercharger and sequential box came to something in the region of £180,000.

I think that rather than lamenting a new GM and Cosworth TVR at £90k we probably ought to lament the lack of wage inflation and global currency deflation for giving the impression that it is expensive!

Equus

16,980 posts

102 months

Wednesday 29th January 2020
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DonkeyApple said:
Final list price of the Typhon was £135.000 and with the two options of supercharger and sequential box came to something in the region of £180,000.
And remind us of how many of those they managed to sell... enough to keep a large factory in Wales fully occupied for the foreseeable future, was it?

Digga

40,352 posts

284 months

Wednesday 29th January 2020
quotequote all
DonkeyApple said:
I think that rather than lamenting a new GM and Cosworth TVR at £90k we probably ought to lament the lack of wage inflation and global currency deflation for giving the impression that it is expensive!
ZIRP and NIRP, along with QE have created some hideous distortions in developed economies. I cannot complain, I am a net beneficiary, but most people have not been.

DonkeyApple

55,409 posts

170 months

Wednesday 29th January 2020
quotequote all
Equus said:
DonkeyApple said:
Final list price of the Typhon was £135.000 and with the two options of supercharger and sequential box came to something in the region of £180,000.
And remind us of how many of those they managed to sell... enough to keep a large factory in Wales fully occupied for the foreseeable future, was it?
About 500 fewer than the new TVR has orders for.

anonymous-user

55 months

Wednesday 29th January 2020
quotequote all
DonkeyApple said:
About 500 fewer than the new TVR has orders for.
How many orders to TVR actually have?

julian64

14,317 posts

255 months

Wednesday 29th January 2020
quotequote all
El stovey said:
DonkeyApple said:
About 500 fewer than the new TVR has orders for.
How many orders to TVR actually have?
WOW 135K. I take my hat off to anyone who actual paid that. Shows almost legendary commitment to TVR
Certainly when you look around to what that money could have bought you In the car marketplace.

I wonder how much they are worth now.

Byker28i

60,151 posts

218 months

Wednesday 29th January 2020
quotequote all
julian64 said:
El stovey said:
DonkeyApple said:
About 500 fewer than the new TVR has orders for.
How many orders to TVR actually have?
WOW 135K. I take my hat off to anyone who actual paid that. Shows almost legendary commitment to TVR
Certainly when you look around to what that money could have bought you In the car marketplace.

I wonder how much they are worth now.
£135K for a typhoon seems cheap, when the only one for sale is around £250k now, and compared to Sagaris which were going for upto £90K

snuffy

9,797 posts

285 months

Wednesday 29th January 2020
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Monkeylegend

26,465 posts

232 months

Wednesday 29th January 2020
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snuffy said:
"once the Company has raised the finance needed to build their cars"

And there we have it.

snuffy

9,797 posts

285 months

Wednesday 29th January 2020
quotequote all
Monkeylegend said:
"once the Company has raised the finance needed to build their cars"

And there we have it.
What's it done with the £2.5 million it's taken in deposits ? I know that will not last for ever, but even so.


DonkeyApple

55,409 posts

170 months

Wednesday 29th January 2020
quotequote all
Monkeylegend said:
snuffy said:
"once the Company has raised the finance needed to build their cars"

And there we have it.
Yup. It’s always been the primary hurdle. They’ve got the car. They’ve got the orders. They need the major investment now to do all the production, testing and regulatory stuff. They’ve brought in the chap with the experience to do it. It’s always been about raising the capital and it’s tough when all automotive capital is pointed to EV development.

SpeckledJim

31,608 posts

254 months

Wednesday 29th January 2020
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DonkeyApple said:
Monkeylegend said:
snuffy said:
"once the Company has raised the finance needed to build their cars"

And there we have it.
Yup. It’s always been the primary hurdle. They’ve got the car. They’ve got the orders. They need the major investment now to do all the production, testing and regulatory stuff. They’ve brought in the chap with the experience to do it. It’s always been about raising the capital and it’s tough when all automotive capital is pointed to EV development.
Anyone got a Brunei phonebook?

DonkeyApple

55,409 posts

170 months

Wednesday 29th January 2020
quotequote all
SpeckledJim said:
Anyone got a Brunei phonebook?
Call waiting behind Aston Martin though! biggrin

Digga

40,352 posts

284 months

Wednesday 29th January 2020
quotequote all
The way I read that though, is that even if the capital is/were waiting on the sidelines, ready to go, nothing can happen until the contractor gets the rave venue/factory in order.

V8Head

52 posts

144 months

Wednesday 29th January 2020
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But have they really only made one vehicle in all this time and can't they use the facilities where they put that one together to make say three to six more to get out into public view and on test?

......I am surprised too that they have only made just ONE of these Griffiths. Could they not rent another unit whist the roof repairs are done, paid for by the Welsh government. I do wish them the very best of Brutish luck.

911gary

4,162 posts

202 months

Wednesday 29th January 2020
quotequote all
I think the reason is they were stalling for time as under EU law with the Welsh government involved the work had to be put out to EU wide tender,I think they will crack on now after Friday,that said Ive met Les inLe Mans a few years back love the story love the mustang engine, love what hes done for TVR god knows Ive had most models "but" Im just not sure about the new Griff its visually underwhelming for me sorry Les.

unsprung

5,467 posts

125 months

Wednesday 29th January 2020
quotequote all



This has little to do with the Welsh government or EU procurement procedure or a leaky old roof. That the august voice of the BBC now appears to be lending credence to some of those things is a bit astonishing.

The problem has always been that they, team TVR, have never thought things through, never had sufficient funds. Despite this, they made claims, and allowed claims to be made on their behalf, that were boastful or, some might say, fraudulent. Examples below.


unsprung said:
ate one too said:
From Autocar 21st January 2016
Some highlights from that article seem now outrageous and utter mumbo jumbo:

. . . a) "Last year, TVR officials admitted the firm has already sold out its allocation of production cars for 2017."

. . . b) "In October of last year, the company fired up its new Cosworth V8 engine for the first time."

. . . c) "John Chasey, TVR’s operations director, has said that any orders now placed will not be delivered until 2018."

. . . d) "Edgar said: 'This a heart-warming situation we find ourselves in. We are mindful that we have taken deposits from customers who have not yet seen official pictures of the car. We look forward to revealing more details soon, and to all our customers who have shown their faith I can promise that the new car will exceed expectations in every way.' Interested owners were able to place a £5000 deposit for the new model."

. . . e) "...the new TVR has been designed by engineering guru Gordon Murray and will be powered by a unique, hugely powerful Cosworth V8 engine and backed by an ambitious and well-funded ownership team."

. . . f) "...a 10-year plan that will put at least four new TVRs on the road from 2017."

Monkeylegend

26,465 posts

232 months

Wednesday 29th January 2020
quotequote all
unsprung said:
This has little to do with the Welsh government or EU procurement procedure or a leaky old roof. That the august voice of the BBC now appears to be lending credence to some of those things is a bit astonishing.

The problem has always been that they, team TVR, have never thought things through, never had sufficient funds. Despite this, they made claims, and allowed claims to be made on their behalf, that were boastful or, some might say, fraudulent. Examples below.


unsprung said:
ate one too said:
From Autocar 21st January 2016
Some highlights from that article seem now outrageous and utter mumbo jumbo:

. . . a) "Last year, TVR officials admitted the firm has already sold out its allocation of production cars for 2017."

. . . b) "In October of last year, the company fired up its new Cosworth V8 engine for the first time."

. . . c) "John Chasey, TVR’s operations director, has said that any orders now placed will not be delivered until 2018."

. . . d) "Edgar said: 'This a heart-warming situation we find ourselves in. We are mindful that we have taken deposits from customers who have not yet seen official pictures of the car. We look forward to revealing more details soon, and to all our customers who have shown their faith I can promise that the new car will exceed expectations in every way.' Interested owners were able to place a £5000 deposit for the new model."

. . . e) "...the new TVR has been designed by engineering guru Gordon Murray and will be powered by a unique, hugely powerful Cosworth V8 engine and backed by an ambitious and well-funded ownership team."

. . . f) "...a 10-year plan that will put at least four new TVRs on the road from 2017."
In addition also the claim that they are fully funded and here to stay. So far only one of those claims appears to survive scrutiny, they are still here. But for how long.