Which other M15 deposit holders....
Discussion
OK you`ve got my attention, whats expected? I had the Mole Valley letter too, but that just says about the mystery wedged-up investor, and that Noble are so noble to give us all a bit more power.....
Edited by carnumber74 on Sunday 26th November 10:23
Edited by carnumber74 on Sunday 26th November 10:24
carnumber74 said:
OK you`ve got my attention, whats expected? I had the Mole Valley letter too, but that just says about the mystery wedged-up investor, and that Noble are so noble to give us all a bit more power.....
Edited by carnumber74 on Sunday 26th November 10:23
Edited by carnumber74 on Sunday 26th November 10:24
Come on put it in a scanner and post it up here.
Sorry, not near my scanner at the moment.
Paul, just for you, the letter confirms to deposit holders that Noble have had a 'substantial and significant' cash injection. This has enabled Lee to do further R&D without the pressures of having to produce the car.
It says that rather than introduce these changes as 'revisions' later in the delivery schedule, thereby disadvantaging early purchasers, the decision has been taken to delay delivery of the first cars.
There are significant changes in weight, power and styling apparently, and so, as the car already doesn't bear much resemblance to the car most people put their deposit down on (I placed it on the M14 which seems a million miles away now!) any deposit holder can have their money back.
Demonstrator cars are due mid next year.
The "you can have your deposit back" just confirms what I wrote about earlier in the week, but interestingly, the letter didn't mention the imminent factory move, and I'm not sure why.
When talking to the factory last week it seems this cash injection has allowed Noble to progress with a custom built factory and test facility which is to be newly built at Bruntingthorpe. I don't know how much it will cost, but I'd imagine "a lot" is a pretty good guess given it's going to be custom built to Noble's own specification. The "built out of a shed in Leicester" moniker is going to have to change a bit it seems!
All I have to do now is just wait a little bit more. Oh well, so many more cars to try then, and I can always ponce around in the DB9
J
Paul, just for you, the letter confirms to deposit holders that Noble have had a 'substantial and significant' cash injection. This has enabled Lee to do further R&D without the pressures of having to produce the car.
It says that rather than introduce these changes as 'revisions' later in the delivery schedule, thereby disadvantaging early purchasers, the decision has been taken to delay delivery of the first cars.
There are significant changes in weight, power and styling apparently, and so, as the car already doesn't bear much resemblance to the car most people put their deposit down on (I placed it on the M14 which seems a million miles away now!) any deposit holder can have their money back.
Demonstrator cars are due mid next year.
The "you can have your deposit back" just confirms what I wrote about earlier in the week, but interestingly, the letter didn't mention the imminent factory move, and I'm not sure why.
When talking to the factory last week it seems this cash injection has allowed Noble to progress with a custom built factory and test facility which is to be newly built at Bruntingthorpe. I don't know how much it will cost, but I'd imagine "a lot" is a pretty good guess given it's going to be custom built to Noble's own specification. The "built out of a shed in Leicester" moniker is going to have to change a bit it seems!
All I have to do now is just wait a little bit more. Oh well, so many more cars to try then, and I can always ponce around in the DB9
J
joust said:
When talking to the factory last week it seems this cash injection has allowed Noble to progress with a custom built factory and test facility which is to be newly built at Bruntingthorpe. I don't know how much it will cost, but I'd imagine "a lot" is a pretty good guess
A lot these days and if it isn't difficult enough just building a new car they're going to have to manage builders as well.
Then they've got to manage the move.
Best of luck guys, lots more hard work on the horizon.
--
Richard
Edited by chillidog on Sunday 26th November 13:42
joust said:
Sorry, not near my scanner at the moment.
Paul, just for you, the letter confirms to deposit holders that Noble have had a 'substantial and significant' cash injection. This has enabled Lee to do further R&D without the pressures of having to produce the car.
It says that rather than introduce these changes as 'revisions' later in the delivery schedule, thereby disadvantaging early purchasers, the decision has been taken to delay delivery of the first cars.
There are significant changes in weight, power and styling apparently, and so, as the car already doesn't bear much resemblance to the car most people put their deposit down on (I placed it on the M14 which seems a million miles away now!) any deposit holder can have their money back.
Demonstrator cars are due mid next year.
The "you can have your deposit back" just confirms what I wrote about earlier in the week, but interestingly, the letter didn't mention the imminent factory move, and I'm not sure why.
When talking to the factory last week it seems this cash injection has allowed Noble to progress with a custom built factory and test facility which is to be newly built at Bruntingthorpe. I don't know how much it will cost, but I'd imagine "a lot" is a pretty good guess given it's going to be custom built to Noble's own specification. The "built out of a shed in Leicester" moniker is going to have to change a bit it seems!
All I have to do now is just wait a little bit more. Oh well, so many more cars to try then, and I can always ponce around in the DB9
J
Paul, just for you, the letter confirms to deposit holders that Noble have had a 'substantial and significant' cash injection. This has enabled Lee to do further R&D without the pressures of having to produce the car.
It says that rather than introduce these changes as 'revisions' later in the delivery schedule, thereby disadvantaging early purchasers, the decision has been taken to delay delivery of the first cars.
There are significant changes in weight, power and styling apparently, and so, as the car already doesn't bear much resemblance to the car most people put their deposit down on (I placed it on the M14 which seems a million miles away now!) any deposit holder can have their money back.
Demonstrator cars are due mid next year.
The "you can have your deposit back" just confirms what I wrote about earlier in the week, but interestingly, the letter didn't mention the imminent factory move, and I'm not sure why.
When talking to the factory last week it seems this cash injection has allowed Noble to progress with a custom built factory and test facility which is to be newly built at Bruntingthorpe. I don't know how much it will cost, but I'd imagine "a lot" is a pretty good guess given it's going to be custom built to Noble's own specification. The "built out of a shed in Leicester" moniker is going to have to change a bit it seems!
All I have to do now is just wait a little bit more. Oh well, so many more cars to try then, and I can always ponce around in the DB9
J
This actually sounds like pretty good news, many successful medium sized enterprises have followed this track to success, that is they start with a decent minority product but then lack the funds to grow organically so required significant external venture capital. In a number of occasions the company actually actually re-finances before the product launch provided the product is perceived to be good enough.
I would guess that without this investment what would happen is that Noble would sell about 150-200 M15's per year. It would get superb reviews in the press, but these would be tempered by the fact the car hasn't got the detailing to appeal to the non-committed, non-enthusiast buyer. Eventually it would sell its break even point and make Nobles current shareholders a profit, but it would be unlikely to create enough cash flow to seriously invest in the business to take it beyond the one man and a dog operation. Eventually legislation is likely to make it harder to sell cars through SVA and the company would petter out.
With some proper funding hopefully Noble can take on some more people and produce a more highly developed car that can compete with a 911 or R8 as a complete engineered product, on looks style, fit and finish. To hit the big time the M15 needs a few tweaks, slight style improvements, the interior needs a complete makeover with some more bespoke and stylish parts at the moment the interior lines don't look like they flow together, finally I suspect the car will need a little more in the way of durability development work (this is a feature of all low volume cars). As they say the last 20% of the car take 80% of the time.
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