how much?!

[abz]

is the new list price for the TSO really £70k + and are they actually selling any??

[Thirstyboy]

Well yes and no!

[abz]

would you like to expand...

i understood the car to be originally sold at around £50, now it seesm they've hiked the list price to £63 for the coupe and over £70k (£75?!) for the targa - is this right?! seems a big change.

and are they selling any?

[robbyt]

yes they have increased the price.

[chumleyuk]

I was speaking to the guy at Dream Machines about their TSO and they said that Marcos will probably be selling them for...wait for it... 95k when they go into full production!

[robbyt]

chumleyuk said:

I was speaking to the guy at Dream Machines about their TSO and they said that Marcos will probably be selling them for...wait for it... 95k when they go into full production!

I doubt they will go any higher than the new price increase. 95k they wont sell any cars

[abz]

£75k they'll be struggling to sell any

[biper]

Seems they have appointed the administrators as of 9/10/07.

Edited by biper on Thursday 11th October 08:35

[Podie]

biper said:

Seems they have appointed the administrators as of 9/10/07.

Edited by biper on Thursday 11th October 08:35

Really..? Got a link to this info..?

[MrsS]

Podie said:

biper said:

Seems they have appointed the administrators as of 9/10/07.

Edited by biper on Thursday 11th October 08:35

Really..? Got a link to this info..?

Marcos Engineering Appoints Administrator

Company proceeds to wind down operations

October 9th, 2007 - Kenilworth, UK. Marcos Engineering Limited ("Marcos, the
Company&quot today announced that it has entered Administration with a view to
completion of existing work in progress. Marcos' plan of dissolution will see the
Company wind up its ongoing business activities, sell its assets and distribute
proceeds and beneficial interests to shareholders and creditors as soon as practicable.

In reaching this decision the Company considered a number of factors including the
Company's current and future strategic and market opportunities and business
prospects, limits on new capital from outside sources, increasing cost of ongoing
capital and prevailing economic conditions.

Marcos was founded in 1959 and went into receivership in 2000. The Company was
restarted in 2002, conducting business as an independent supplier of a new high
performance family of hand built lightweight sports cars that provide a uniquely
exhilarating driving experience. Despite mounting competition from companies with
substantially greater financial, technical, distribution and marketing resources Marcos continued to develop its sports cars that received international acclaim.

As the cost of capital continued to climb and the potential for profit faded, the
Company's Board and management took steps to minimize product and operational
costs while they investigated various strategic opportunities and engaged in
discussions regarding lower cost distribution, alternate manufacturing and external
capital transactions with potential business partners. After reviewing Marcos's
business prospects and potential opportunities, the Company came to the conclusion that Administration of the Company would have the highest probability of returning the greatest value to its shareholders and creditors.

"Regrettably, despite the extraordinary efforts of our employees, suppliers and
dealers, we simply could not attain a profit point, reduce our cost base or raise the
necessary capital to sustain the business", said Tony Stelliga, Managing Director.
"My sincerest gratitude goes out to everyone that worked relentlessly to revive the
Great British Sports Car Company one final time".