TVR BUY OUT: I'm optimistic
Discussion
Well I'll start the first one.
On the plus side, this guy was schooled in England, and has a house here I'm told.
He's also a car enthusiast and apparently knows his TVR's.
This is preferable to a consortium buying TVR and only being concerned with the balance sheet.
So let's see what happens.
On the plus side, this guy was schooled in England, and has a house here I'm told.
He's also a car enthusiast and apparently knows his TVR's.
This is preferable to a consortium buying TVR and only being concerned with the balance sheet.
So let's see what happens.
http://news.bbc.co.uk/1/hi/business/3932531.stm
Another BBC article which is an interesting read. The end piece is particularly encouraging.
"People who know Mr Smolensky personally say that he has always been a fan of sportscars, and, in particular, of TVR."
Another BBC article which is an interesting read. The end piece is particularly encouraging.
"People who know Mr Smolensky personally say that he has always been a fan of sportscars, and, in particular, of TVR."
I hope this is good news for TVR and I am optimistic.
In recent years TVR hasn't been run well IMO. It has been run how PW wants to run it of course, he enjoys it and I don't have a major problem with this. However, money makes the world go round.
- Too many models.
- Bad factory support for parts, esp. older models (a cash cow for most manufactureres, I remember a TV Prog about Reliant recently where new mgt were trying to turn the business round).
- No support for the history or the marque - it means a lot because of this Porsche/Ferarri owners still sneer at TVR (generalisation).
- Quality of the final product is not improving (think of the cost of warranty work - a more thorough check at the factory would save them money.).
Do it right, make more money, meaning more cash to invest in making cars better.
I don't want a car that sells like the Boxster/S2000, it will dilute TVR brand. But, they can make a lot more money on their current business.
Investing in a bottle of white spirit to remove glue might be a good thing too
In recent years TVR hasn't been run well IMO. It has been run how PW wants to run it of course, he enjoys it and I don't have a major problem with this. However, money makes the world go round.
- Too many models.
- Bad factory support for parts, esp. older models (a cash cow for most manufactureres, I remember a TV Prog about Reliant recently where new mgt were trying to turn the business round).
- No support for the history or the marque - it means a lot because of this Porsche/Ferarri owners still sneer at TVR (generalisation).
- Quality of the final product is not improving (think of the cost of warranty work - a more thorough check at the factory would save them money.).
Do it right, make more money, meaning more cash to invest in making cars better.
I don't want a car that sells like the Boxster/S2000, it will dilute TVR brand. But, they can make a lot more money on their current business.
Investing in a bottle of white spirit to remove glue might be a good thing too
I, for one, am optimistic about the possibilities as a result of the purchase of TVR Engineering,Ltd. As others have stated, this is just another chapter in the colorful and varied history of the marque. But this time, the company didn't have to fall into receivership in order to find a new owner.
The new owner is obviously a motoring enthusiast and has said he plans to invest in new technology and production methods.
My hope is that this investment will result in improved build quality, quality control, global product marketing, and a new level of customer service and customer satisfaction both for the new models and a demonstrated appreciation of the older models and the part they have played in the TVR history.
While the new owner may not be among the top 100 richest men in the world, he apparently has the finanical ability to take the company into the next realm which, in turn, will hopefully realize increased profits for the company which can be reinvested and continue that cycle over and over.
Let's all be optimistic and supportive and hope Mr. Somlenski is receptive to all of our comments and brings about another new, and positive, era for TVR.
The new owner is obviously a motoring enthusiast and has said he plans to invest in new technology and production methods.
My hope is that this investment will result in improved build quality, quality control, global product marketing, and a new level of customer service and customer satisfaction both for the new models and a demonstrated appreciation of the older models and the part they have played in the TVR history.
While the new owner may not be among the top 100 richest men in the world, he apparently has the finanical ability to take the company into the next realm which, in turn, will hopefully realize increased profits for the company which can be reinvested and continue that cycle over and over.
Let's all be optimistic and supportive and hope Mr. Somlenski is receptive to all of our comments and brings about another new, and positive, era for TVR.
First of all I think this is great news for the Factory and all who work there - they have a more secure and exciting future now.
It's also great news for owners of speed 6 powered TiV's - the development will continue on their power plant, ensuring increased reliability, power and parts availability.
As for the owners of older examples of the marque such as myself, well, it'd be great if we could persuade Nikolai to open his wallet a little further and buy the RV8 production line.
Come to think of it, what better low cost power plant could he use in a larger scale of production TVR? It could be aimed mid-market to help finance development of road going exotica and the LeMans effort!
With a single turbo and multipoint LPG injection, it could be a true brit muscle car with twenty first century emissions levels and brisk performance. With AJP's V8 knowhow combined with the larger scale of production we would have a winner.
It's also great news for owners of speed 6 powered TiV's - the development will continue on their power plant, ensuring increased reliability, power and parts availability.
As for the owners of older examples of the marque such as myself, well, it'd be great if we could persuade Nikolai to open his wallet a little further and buy the RV8 production line.
Come to think of it, what better low cost power plant could he use in a larger scale of production TVR? It could be aimed mid-market to help finance development of road going exotica and the LeMans effort!
With a single turbo and multipoint LPG injection, it could be a true brit muscle car with twenty first century emissions levels and brisk performance. With AJP's V8 knowhow combined with the larger scale of production we would have a winner.
I wish TVR the best of luck for the future and am only sorry I couldn't afford to buy it myself!
IMHO I think a millionaire private buyer who is car mad and has the desire & resources required to make a go of it is ideal for everyone. Lets be realistic - people who fit this brief dont grow on trees & this is much better than a volume manufacturer buying it up & sanitising it.
Again IMHO TVR has achieved incredible things for such a small scale manufacturer and long this may continue!!
IMHO I think a millionaire private buyer who is car mad and has the desire & resources required to make a go of it is ideal for everyone. Lets be realistic - people who fit this brief dont grow on trees & this is much better than a volume manufacturer buying it up & sanitising it.
Again IMHO TVR has achieved incredible things for such a small scale manufacturer and long this may continue!!
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