New TVR Griffith (Second Generation)

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR factory construction delayed by EU rules

Reborn brand suffers setback as state funding legislation holds up construction work on new factory

The reborn TVR project has been delayed by European Union rules causing a seven-month tender process for construction work on the factory.

TVR revealed the all-new Griffith at the Goodwood Revival in September last year, but public updates on the project have been infrequent. Now Autocar can reveal that progress at TVR has temporarily stalled due to an unintended consequence of the Welsh government’s 3% purchase of a stake in the company alongside a £2 million loan earlier this year.

That deal means that TVR is now subject to EU rules around state funding, so the construction work needed on its currently dilapidated factory in Ebbw Vale, South Wales, has had to go out to tender across the entire EU, rather than to only local firms.

That seven-month process is ongoing, and won’t be completed until January 2019, meaning construction work on the new factory is still many months away from starting.

First deliveries of the new Griffith had been slated for early 2019, but that target is now optimistic given the significant amount of work still needed to hit that deadline.

“It’s frustrating, that’s for sure,” TVR boss Les Edgar told Autocar. He revealed that the construction work will take around six months once the tender is awarded and the contractors take over the site.

In the meantime, TVR is hoping to carry out some if its own prep work on the site to help speed up the process.

Edgar cannot put a date on when production will start, but said it’s possible some work could begin in March at a building next door to the factory that TVR had planned to use for training and development.

As for the development of the car, Edgar said 75% of the parts had now been sourced for the Griffith, which will use a Ford-sourced and Cosworth-tuned 5.0-litre naturally aspirated V8 with 500bhp.

https://www.autocar.co.uk/car-news/industry/tvr-factory-construction-delayed-eu-rules
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
The New TVR Griffith Is Delayed Yet Again: Report

If you’ve been holding out for the new TVR Griffith, then you’re going to have to wait just a little bit longer because apparently it’s just been delayed again. But it’s fine. I can wait. I can be patient for this.

Just this past December, we reported that TVR pushed back its “early 2019” delivery date to “late 2019.” Now, TVR is reportedly aiming for a Griffith launch at the beginning of to mid-2020, according to Dutch site AutoRAI. The reason for this, allegedly, is because of a regulation issue:

In their own words, TVR is delayed by ‘regulation’ regarding the start-up and conversion of the factory at the Ebbw Vale (South Wales) plant, which has to be installed in two existing halls. “It takes more time than we expected to start production, thanks to the rules of the European Union,” says Paul Thompson, Heritage Director of TVR, in an interview with AutoRAI.nl. “We are now aiming for a market launch in the course of 2020,” Thompson said.

I would normally be a little miffed about this, but I’m weirdly not. I think it’s because the Griffith is so cool and TVR is so scrappy that I’m just happy that it’s happening at all. Take all the time you need, friends. Just build the best damn car you can. And then send it to America for us to play with.

We have reached out to TVR for comment and will update if we hear back.

https://jalopnik.com/the-new-tvr-griffith-is-delayed-yet-again-report-1832244004
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR Griffith Delayed Until 2020

The TVR Griffith was revealed back in September 2017 where customers were told deliveries would begin early 2019 but unfortunately that is not the case.

According to a report from AutoRAI, Heritage Director of TVR, Paul Thompson, says that the car’s launch has been pushed back due to European Union rules for state-funded companies.

“It takes more time than we expected to start production, thanks to the rules of the European Union. We are now aiming for a market launch in the course of 2020,” Thompson said.

While the customers are going to have to wait a little bit longer, the car’s promised specifications suggest that it could be worth the wait.

Powering the Griffith is a Ford-sourced 5.0-litre V8 tweaked by Cosworth that delivers 500 hp (373 kW). Grunt is sent to the rear wheels through a Tremec Mangum XL six-speed transmission. The Griffith also weighs just 1,250 kg, resulting in a power-to-weight ratio of 400 hp per tonne. A 50:50 weight distribution should also ensure the car handles very well.

TVR will commence production of the Griffith by building 500 units of the special ‘Launch Edition’ model.

https://www.zero2turbo.com/2019/02/tvr-griffith-delayed-until-2020.html

TVR 1.JPG TVR 2.JPG TVR 3.JPG TVR 4.JPG TVR 5.JPG
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
Used car buying guide: TVR Griffith

The impending arrival of a reborn TVR Griffith has pushed the original hairy-chested roadster back into the spotlight

As the all-new Griffith inches closer (deliveries should start next year), interest in its forebear remains strong. Not as strong as it was when news of the new model first broke, though.

Then, values of the old Griff stiffened quickly as people made the connection, only to soften slightly as its successor’s launch date was pushed back. Add winter’s usual chilling effect on convertible prices and now is probably your last chance to snare an old Griff for sensible money before the new model, costing from around £90,000, hoves into view once more.

All that said, these days you’ll be lucky to find a decent runner much below £15,000, while good, refurbished cars start at around £20,000. The best nudge £35,000, while the very best, lowest-mileage and cleanest last-of-the-line SEs go all the way to £50,000. The good news is that a good Griff, lovingly maintained and refreshed with essential new parts, should one day be worth more than you paid for it.

The Griffith was launched in 1991 with a 240bhp 4.0-litre Rover V8 under the bonnet. Power went to the rear wheels via a five-speed Rover LT77 gearbox and a GKN limited-slip differential. The electrical system was by Lucas and lifted straight out of the Range Rover, and that, if you were wondering, is why there’s so much wiring stuffed in with the battery, located in the passenger bulkhead. You’ll also find the ECU, fuse box and heater pipes in there. It’s not a place for the faint-hearted.

The Griffith’s glassfibre body is mounted on a spaceframe chassis with outriggers that extend from the backbone of the car. Mud and debris flicked up by the wheels stick to these and in time they rot through, although it happens from above, which can be hard to spot. Replacing the outriggers, without removing the body, costs up to £2000.

In 1992, a 4.3 V8 making 280bhp became available, and around 25 of them were produced with big-valve cylinder heads. These were very torquey and, because they just preceded the 1993 law that required a catalytic converter to be fitted to all new petrol cars, gloriously vocal.

After a brief suspension in production, in 1993 the Griffith re-emerged with the engine it should have had from the start: a 5.0-litre V8 with 340bhp. It powered the model to the very end, which came in 2002 heralded by the special-edition SE. Some ride on 16in wheels, where most Griffs sit on 15s at the front and 16s behind. The gearbox in 5.0 Griffiths is a Borg Warner T5. You can tell it from the Rover ’box because reverse is to the right and back, where on the Rover it’s to the left and forward. Reverse often spins, so to avoid it crunching, select first then reverse.

The engines are generally tough and reliable. It’s electrical gremlins, tired dampers and bushes and chassis corrosion that spoil things. Keeping on top of them should keep you busy at weekends, but the rewards will be incalculable.

https://www.autocar.co.uk/car-news/used-cars/used-car-buying-guide-tvr-griffith

Griffith 1.jpg Griffith 2.jpg Griffith 3.jpg Griffith 4.jpg Griffith 5.jpg
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR says work to start soon on new Welsh factory

Welsh Government selects contractor to undergo work on new home of 500bhp Griffith supercar

The reborn TVR project is hoping that refurbishment work will soon start on its new factory, after the Welsh Government selected a contractor to take on the project.

The firm revealed the all-new Griffith at Goodwood last September, which it intends to build in a new factory on the Rassau Industrial Estate in Ebbw Vale, Wales.

But, as revealed by Autocar, progress on refurbishing the factory stalled because the Welsh government purchased a 3% stake in the company in 2018 alongside a £2 million loan. That meant the project became subject to European Union rules around state funding, so the tender for construction work on the dilapidated factory had to go out across the entire EU.

Ken Skates AM, the Welsh Minister for Economy and Transport, has now selected a preferred building contractor for the project, which TVR hopes will allow work to start soon.

In a statement on social media the firm said: “There are a few bits and pieces that need to be tied up before we can announce further details, but it’s fantastic news for all concerned as we can state publicly that the sound of squealing tyres and roaring engines will be coming to the Valleys very soon.”

https://www.autocar.co.uk/car-news/industry/tvr-says-work-start-soon-new-welsh-factory
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
Is The New TVR Already Dead Before They've Begun? - JayEmm on Cars

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR Griffith production stalls as south Wales factory hits problems

New CEO brought in to accelerate "slower than hoped" progress on the Ebbw Vale factory

The chairman of TVR has disclosed via a newsletter to prospective owners new developments in the project to build an all-new, 500bhp Griffith.

The newsletter, written by Les Edgar and seen by Autocar, was first sent to depositors last month and comes more than two years after the Griffith project was first revealed. Since then, bar promises that work will soon start at TVR’s Ebbw Vale factory, all has gone quiet, so the new details will be intended to reassure depositors of the project’s progress.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
Delayed TVR Griffith Delayed Once More: Report

The new TVR Griffith, which is decidedly a Good Car, has been hit with yet another delay. This is following previous delays, which involved some issues with the factory. Surprise—this most recent delay also has to do with the factory.

A newsletter written by current TVR head Les Edgar was apparently sent to prospective owners recently, as reported by Autocar, which viewed the newsletter. The report notes that the company is reassuring its buyers of the Griffith’s ongoing road to production, since things have reportedly “gone quiet” at the automaker’s Ebbw Vale factory.

From the story:

Edgar’s newsletter reveals that TVR has now road-registered the original 2017 show car, which is believed to be the only Griffith built so far. The car will hit the road in the coming months for testing and event participation.

Significant problems remain, though. Progress on the Ebbw Vale factory has been “slower than hoped” and the building is said to need a new roof. Edgar said TVR is working with the Welsh government to resolve these issues and get the work under way.

It’s unclear when the work will start up again.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR Griffith production: planning application for factory submittted

New CEO brought in to accelerate "slower than hoped" progress on the Ebbw Vale factory, as plans to refurbish it are submitted

TVR has moved a step closer to building its new Griffith supercar, as reports suggest a planning application to refurbish the existing factory has finally been submitted.

According to Business News Wales, an application has been submitted to Blaenau Gwent County Borough Council for refurbishing a factory in the Rassau Industrial Estate in Ebbw Vale.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR seeks £25m investment to fund Griffith production

Reborn marque claims to have more than £40m worth of orders, but needs funds to secure and fit out its new Ebbw Vale factory

TVR is attempting to raise fresh capital in order to take its reborn Griffith sports car to production, having outlined to investors a plan for adding new derivatives and even future-proofing the model for the electric age.

There have been no public updates from the company since March, when it confirmed that a planning application had been submitted to Blaenau Gwent County Borough Council for refurbishing a factory on an industrial estate in Ebbw Vale, South Wales.

The building is to be turned around by the Welsh government before being leased to TVR. When contacted by Autocar, the council said a decision on planning approval still hasn’t been made.

The Welsh government told BBC News earlier this year that the site would become TVR’s factory only once the company could prove that it had raised the capital needed to start car production.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
Exclusive: TVR outlines 18-month plan to begin Griffith production

Company is attempting to raise £25m on the bond market to fit out Welsh factory

TVR has outlined a bold 18-month plan to reboot its activities and bring its Griffith sports car to production in 2022 by raising new funds in the bond market and pressing ahead to fit out its assembly facility in Ebbw Vale, Wales.

The revitalised firm, whose principal directors, chairman Les Edgar and operations chief John Chasey, were joined late last year by a new CEO, Jim Berriman, is now in the throes of raising £25 million on the Dublin bond market – Europe’s largest. The bosses calculate that by the time TVR starts building cars, it will have spent around £45m on the project.

TVR already holds orders worth around £40m for the 200mph Griffith, which was revealed at the Goodwood Revival in 2017. The company says it continues to enjoy the support of an “amazingly passionate” body of around 500 potential owners who each contributed holding deposits of between £2500 and £5000 more than two years ago to join the waiting list for the first batch of Launch Edition cars, which are priced at around £90,000.

 

Ancalagon

Honorary Master
Joined
Feb 23, 2010
Messages
18,003
It is so sad that they have struggled like this. I really hope that they can succeed with their project!
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
It is so sad that they have struggled like this. I really hope that they can succeed with their project!

I concur. Much love for this brand & it's heritage. It's good that Shmee150 has one on order & is a fan of the brand as well. Brings major exposure to the "connected" folks.
 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR to begin Welsh factory renovations in January 2021

Agreement reached with Welsh government for extensive redevelopment of Ebbw Vale site

TVR has reached an agreement with the Welsh government to begin an extensive renovation programme on its Ebbw Vale factory early next year.

The reborn sports car brand will begin preliminary site works in January 2021, which will see the building's roof replaced, the structure recladded and extensive groundworks, in addition to the preparation of a prototype build area for the long-awaited Griffith supercar.

“This is a fantastic milestone in our mission to rejuvenate an iconic British brand, and we are all tremendously excited to witness the renovation of our new home in Ebbw Vale," TVR chairman Les Edgar said. "We have hundreds of faithful depositors worldwide who are patiently waiting to take delivery of their Griffiths, so today I hope they are just as delighted as we are."

Around 80 people are initially expected to be employed at the Ebbw Vale site once refurbishment works are completed, eventually expanding to 200 when Griffith production is fully ramped up.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR promises 2022 Griffith deliveries, new loan secured

Revived British firm secures £2m Coronavirus Business Interruption Loan; claims factory work under way

TVR has secured a further £2 million cash injection from the UK government and has made assurances that customer deliveries of the Griffith sports car will begin in 2022.

The latest loan was secured by London-based lender Fiduciam Nominees, which has been involved in financing the TVR project from the beginning. The loan comes via the UK government’s Coronavirus Business Interruption Loan scheme. The loan was secured the day after TVR satisfied two charges (paid off debts in full) owed to Fiduciam Nominees.

The loan is said ensure that TVR can complete work on its factory in Ebbw Vale, Wales, and start production to fulfil an order book claimed to be worth £40m - or a full year of production.

However, there has been no mention of whether the recent bonds issue secured the £25 million required to continue pre-production development of the V8-powered Griffith and tool the factory. Autocar is awaiting comment from the firm regarding this.

 

FiestaST

Honorary Master
Joined
Aug 9, 2009
Messages
84,624
TVR's Finest Hour? Is The TVR Griffith 500 The Perfect British Sports Car? - JayEmm on Cars

 
Top