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Bad news for TVR

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Steve

Steve

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The BBC is reporting that TVR will cease production in the UK. Production is to be moved overseas. Speculation that the firm would move production to another European country had been growing since the start of the year.

It is now expected to open a new factory within the next three months
 
You can write off TVR now. The Russian got what he wanted...a place to loose money while looking like a real business. /ubbthreads/images/graemlins/devilgrin.gif I was in the UK September and the factory was not operational then...just the works sitting about playing on their gameboys. I can only wonder what Peter Wheeler is thinking now? /ubbthreads/images/graemlins/pukeface.gif
RIP
David.
 
Dang.....TVR owned by an axis of evil saboteur.

Quick.....Somebody buy the old works & revive Elva.
 
Hold off and be a little patient. Seems to me like he wouldn't have bought TVR to lose money. There is a reason that Car manufacturers don't work in the UK. Might have something to do with Unions, Corporate Taxes and the general difficulty of doing business in the UK.
 
More like a person trying to hide cas$. /ubbthreads/images/graemlins/devilgrin.gif This company was making money with orders on hold! Go figure?
Cheers, David.
 
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More like a person trying to hide cas$. /ubbthreads/images/graemlins/devilgrin.gif This company was making money with orders on hold! Go figure?
Cheers, David.

[/ QUOTE ]

I doubt Peter would have let it go if they were solvent. I'm not ready to write it off yet. /ubbthreads/images/graemlins/driving.gif
 
Well, let see...how many thousands of pounds do you thing he put in his pockets be fore selling? How many of the current model line up where selling like hotcakes? And do you have any idea how much he was being payed as a consoltant to the company after it was sold? What about the Tuscan 2 orders that where taken and never delivered? I could go on and on. If you have answers to any of the above, please let me know. /ubbthreads/images/graemlins/cheers.gif
 
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I doubt Peter would have let it go if they were solvent.

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From the articles that I had read, he was just tired and wanted a change.
 
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Well, let see...how many thousands of pounds do you thing he put in his pockets be fore selling? How many of the current model line up where selling like hotcakes? And do you have any idea how much he was being payed as a consoltant to the company after it was sold? What about the Tuscan 2 orders that where taken and never delivered? I could go on and on. If you have answers to any of the above, please let me know. /ubbthreads/images/graemlins/cheers.gif

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We'll never know what he made on it, but as a capitalist, I feel he was entitled to his due. I don't have answers, but neither do you. We can only speculate. I for one hope whatever changes are made result in a TVR in the US. That sure wasn't going to happen with the status quo. So I choose to be hopeful.
 
Yes, I do have the answers to all the of questions that I asked, and not on sprculation. I do agree that Peter is entitled to what ever moneys he made. As for TVR ever returning to the USA...forget it, at one time the company was making so much money that they did not need to bother with the US market...they cound not fill the orders even for Europe. Good luck being hopeful, just be glad that you do not own a current model with a 5 year "factory" warranty.
 
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Yes, I do have the answers to all the of questions that I asked, and not on sprculation.

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Please expound on the answers, I am open to new ideas and opinions if they are based on facts.
 
Let me just state that I believe that P.W. should make what ever he can off of the company that he put in front of the world. P.W. was putting 250k per quarter away. He had many top sellers at the time and many more in the works... Griffith, the most popular TVR and best seller. Chimaera, the most produced TVR. Cerbera, the first real stab at a supercar 4 seater. Then we get into the cars that the Russian had some or all control over. Tuscan, simply briliant and a top seller in both fixed and drop head. Tamora, starter TVR that is cheaper to maintain. T350, to me the best driving and put togather TVR of all time. Sagaris, stunning and top performace the rivals autos costing 1000's more. All of these where selling and well received by the public. P.W. was payed further 125k to consult and hide his share from the taxman.
To finish up, please understand that I think that Peter is a true car man...why else would he create the Tuscan challenge and compete in the series as well, and he is free to make what ever profit he can. I have a problem with the new owner running a company into the ground that I truley love. It is said indeed.
Cheers, David. /ubbthreads/images/graemlins/cheers.gif
 
I certainly know not enough of the inner workings of TVR but I do know a bit about running a business. What may seem like it should be profitable to us may be a completely different situation looking at the balance sheet. While we all believe that the cars are great, they are expensive and reliability is somewhat behind the rest of the world. Additionally most of the world is LHD, creating a duplicate engineering issue as you cannot just swap sides. This further limits available markets. There are a thousand other issues affecting profitability, so don't jump too quick to assume that there is money everywhere at TVR. I for one sincerely doubt they turned much of a profit at all over the last few years.
 
I too am a business owner...in the automotive area. ALL current TVR models are made in either LHD or RHD! There is a dealer network already in place in europe where the vehicles have already have passed there guidelines. As far as expensive...please tell me what car will provide the same power to weight ratio and great looks that a TVR will for under 55,000.00 USD.. The one thing that the Russian did do is make the build quality first rate. The shake and squeeks where gone, as well as the glue running on the trim. As far as to the profit issue...you seem to know more about that than me. If you know TVR, them you will know what the Griffith did for the business, not to mention the Tuscan. I too had a dream of TVR returning to the USA, till I had a chat with Dom @ TVR power. What would the dealer net work be...would they piggy-back with another brand, and if so which one?
Cheers, David. /ubbthreads/images/graemlins/driving.gif /ubbthreads/images/graemlins/england.gif
 
I'm not saying I know the inner workings, what I am saying is that the numbers are not public, so we don't know what is driving the move. It sucks for us that there may no longer be a TVR, or almost as bad an eastern bloc TVR complete with Yugo engineering but I for one want to wait and see what becomes of the company, before blaming Smolensky. I guess I'll just have to visit the "former" TVR factory on my trip to the UK next year. We will have to wait in see.
 
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