Revitalized firm is part owned by the Welsh government. Guess which bit the strings are attached to...
An oversight in the way that EU regulations are applied has been blamed for delays in the refurbishment of TVR's Ebbw Vale production facility. Deliveries of the first batch of 500 new Griffiths were supposed to begin in the new year, however the blunder seems to have led to significant delays, potentially pushing the car's arrival back to next summer or even beyond.
Wales receives more EU funding than virtually any other part of the United Kingdom, and with the Welsh government having purchased a three per cent stake in the sports car manufacturer - as well as provided it with a £2,000,000 loan - TVR has been left exposed to additional EU regulations surrounding state funding of private companies.
One such rule stipulates that the contract to renovate its dilapidated Ebbw Vale factory must be put out to tender across the entirety of the EU, a process which Autocar reckons won't be complete until January at the earliest. The technicality seems to have caught TVR by surprise and, should that timeframe prove correct, would make timely deliveries of its new 500hp supercar virtually impossible.
A possibility remains that some work could begin in another facility on the site - which requires less updating - as soon as March. Although Edgar also revealed that only 75 per cent of the parts for the Griffith have so far been sourced, meaning that even if the factory were ready today, TVR may still not be set to begin production just yet...
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If only 75% of the components have been sourced, they're miles away from a saleable car anyway. Even if all 100% of it was sourced, they'd need a minimum of 18 months to develop the car into something that works properly, and given the complete lack of their presence at any industry development locations, I'd suggest they haven't even started development yet.
I look forward to their return, but it's possible the owners are starting to realise that it's a long old road from concept to production these days.
Fetchez la vache03 Dec 2018
Lets hope that gopping front is amongst the 25% of parts they're yet to source then... Plenty of time to find another.
Cold03 Dec 2018
Strange they're having factory problems. Can't they just construct a crude frame then glue the outer walls on?