News Type – Page 35478 – I wish I had more to offer

Tencent, Warburg Lead $215M Series D Round In China’s Mobike

Chinese Internet giant Tencent Holdings Ltd. and Warburg Pincus have led a US$215 million series D funding round in Mobike, a Chinese smart bike-sharing company. New strategic investors including China’s largest travel company Ctrip, TPG, and Chinese hotel operator Huazhu Hotels Group, as well as existing investors Sequoia Capital China and Hillhouse Capital also participated.… Continue reading Tencent, Warburg Lead $215M Series D Round In China’s Mobike

Dieter Gass – Biography

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BMW and Daimler let Apple flash off with iCar

Apple is suffering a setback in its expansion into the car market. According to “Handelsblatt” both BMW and Daimler reject a partnership with the IT giant. BMW headquarters in Munich Thursday, 21.04.2016 10:56 The US company Apple apparently failed with his attempt, along with BMW or Daimler to build a car. Appropriate negotiations are over,… Continue reading BMW and Daimler let Apple flash off with iCar

The TVR Network goes live

Whether you’re a fan of the marque, interested in maintaining or restoring your cherished TVR, looking to buy or sell an appreciating modern classic, wanting to protect your TVR’s value, or take a race-prepared TVR to the track, TVR Network is the place to go.

Owners seeking the very best for their cherished TVR will rightly want honest, reliable garage services provided by experts fitting TVR Genuine Parts. Those yet to discover the joys of ownership, but who are now considering buying an appreciating TVR classic, will want to know where to go for sound buying advice. Racers and performance enthusiasts alike will seek specialist guidance before upgrading their beloved cars for even more focused exhilaration.

No matter what your area of interest in TVR, there is now a fully authorised network in place to help you find the expertise and resources you’re looking for. TVR Network brings together the very best of all the businesses concerned with our marque. Most offer many years – indeed decades – of experience with TVR cars, and we are proud to say that there is simply no better informed, better resourced, or better value place to go, to meet all your TVR needs.

Whether your interest is in preserving original specifications or enhancing them, TVR Network can help, via its ‘Heritage’ and ‘Performance’ divisions.

You can read all about TVR Network in the dedicated area of our website; you’ll also find a complete list of current members, and a search facility to quickly locate precisely the services you’re looking for. If you don't find what you are searching for, please contact us here.

PERFORMANCE, RELIABILITY, VALUE, TRUST. All proudly delivered by the members of TVR Network

To use an old saying…

…‘No News Is Good News’. Everyone at TVR remains acutely aware of the expectation among enthusiasts as well as the appetite for updates on the new cars.

Such high levels of interest are tremendously flattering and, as we continue to make exciting progress with our development plans, it’s certainly tempting to reveal snippets.

However, we continue to believe it’s best not to share details of our plans publicly just yet. We understand this is the source of a little frustration for some, though a majority of the community have been generous in applauding our tight-lipped stance. In previous years there have been disappointments, when early announcements came to nothing, and we’re determined not to make similar mistakes. However, we’re pleased to report enormous progress towards TVR’s return and our relative silence shouldn’t be interpreted as anything more than our absolute focus on making this comeback permanent.

TVR unveiled at Goodwood Revival in September

Celebrating TVR’s 70th anniversary with the new car unveiling among historic TVRs

TVR announces that it will unveil its new car to the public at the Goodwood Revival on 8th September.
TVR is the first car manufacturer to launch a brand new vehicle at the world-renowned Revival event.
To celebrate the marque’s 70th anniversary, the new car will be accompanied by a display of historic TVRs.
With only 500 Launch Edition cars earmarked for production, TVR will soon stop taking further orders until the public unveiling.

The iconic British sports car maker, TVR, is delighted to announce that it will be unveiling its eagerly awaited new sports car to the public at the Goodwood Revival on 8–10 September, 2017.

Created in conjunction with Gordon Murray Design, the 1200 kg car promises incredible 200mph performance and 0–60mph in less than 4 seconds. With the special launch edition car being offered at under £90,000, anticipation and demand for the 400BHP per tonne, five-litre, Cosworth developed V8-powered car is already at fever-pitch.

The unveiling of the car at the Goodwood Revival is a first for the world-renowned Sussex-based event. The new car will go on display in the ‘Earls Court’ building at the Revival, and will be showcased at the centre of a display which features a number of older, heritage TVRs, in celebration of the British marque’s 70th anniversary.

Speaking of the planned public launch, Les Edgar, Chairman of TVR said: “We are incredibly excited to be unveiling the new car at the Goodwood Revival. It’s the first time a global launch of a new car has occurred at the event, and it seems an entirely appropriate place for us to do it, with the marque’s motorsport heritage and an enthusiastic audience of dedicated car fans – and in our 70th anniversary year. After a series of secret private viewings organised for the benefit of existing customers for the new car, we know that we have a surefire hit on our hands, and very much look forward to seeing the public reaction in September.”

Speaking on behalf of the Revival, Lord March said: “We are delighted that TVR will feature so strongly over the Revival weekend this year. It is entirely fitting that TVR, as such an iconic British marque, should unveil what will be a very exciting entrant to the global sports car market at our iconic British event and I very much look forward to welcoming them to the Revival in September”.

TVR has held back a small allocation of the 500 Launch Edition cars for the public unveiling, so will soon close the order book, before re-opening it on the 8th September.

TVR Parts Limited – An update from your No.1 source of genuine parts

While there is ever-increasing excitement about the launch of our new TVR, we are also very conscious of the need to support owners of existing TVRs.

One of the ways we do this is via the supply of accredited parts for existing models, and we are delighted with the enormous progress TVR Parts Ltd has made over the past couple of years to extend the range and quality of parts available for the TVR community.

The reason behind setting up a single source of supply was so that we could focus on delivering the best choice and prices to existing owners. As each month sees more and more parts coming into stock, it is clear this strategy is really working.

TVR Parts Ltd has already built a huge stock list in order to service as wide a range as possible of TVR models of all ages, and can now offer substantially more parts than any other supplier. As Colin Bowler, MD of TVR Parts Ltd says, “This is just the beginning really. It has been and continues to be quite a treasure-hunt to source so many variations and, where parts no longer exist, we have been working through the original TVR drawings and researching and testing exhaustively to ensure these newly-engineered parts are true to the originals and of sufficient high quality to bring to the market. Our standard two-year warranty on most parts reflects the confidence we have in our quality control.”

Accredited TVR parts are available to purchase online from their website, tvr-parts.com, or you can phone them direct and one of their experienced personnel will be happy to discuss your particular needs or concerns. TVR Car Club members qualify for an immediate 7.5% discount.

Recent additions to stock have included a wide range of Toyo Tyres with the TVR logo, radiators for models including Griffith, Chimaera and Tuscans, windscreens, clutch kits and high specification catalytic converters.

Based in Hampshire, TVR Parts will be moving in the Autumn to new, larger premises in Alton where they will be able to increase the range of stock yet again.

Another exciting development under the reinvigorated TVR Brand!

TVR Accepting Deposits for its New 2017 Car

TVR to accept deposits for its new 2017 car in view of unprecedented enthusiasm and demand following announcement of the new car.

We have to say that we have been delighted – indeed bowled over – by the tremendous positive reaction to the announcement of our plans for the new TVR, and in particular the huge number of positive expressions of desire to place an order and to secure a place in the production queue. In order to satisfy that desire, and as it will assist us in planning the early years ahead, we have brought forward our plans to accept formal deposits against allocated build slots for the new car, in order of date of application.

We are very aware of the historic issues surrounding previous owners of the marque and issues over deposits, and can assure that these will not be repeated. If you are uncomfortable placing a deposit at this stage, we respect that. However, we should advise that from the expressions of interest to date we are confident that at least the first year’s production run will quickly be sold out. A small measure of risk isn’t for everyone, and we appreciate that, but we are very well backed, and here to stay.

The deposit scheme will go live at midday on July 7th 2015.

Here are some examples of the great coverage we have received since the announcement of the car.

Autocar
Top Gear
Evo
PistonHeads

FAQs
Is my deposit refundable?
Yes, until you place your formal order (once specifications and options have been announced), you will be able to apply for a refund. There will be no deductions for administration fees or the like by TVR, although there may be charges/deductions by bank or credit card companies. All we ask is that if you place a deposit, you do so in good faith.

Is my money at risk?
No – we would never allow that to be the case. We are well funded, and are here to stay! The deposit line has opened in response to a large number of requests from potential customers wishing to place a deposit on the basis of the information currently available both in the motoring press and on our website. If you do not consider this to be sufficient for you to decide whether or not you should place a deposit, we recommend you do not do so. However, if you pay by credit card, your payment is guaranteed by the credit card company.

What is the Launch Edition?
The Launch Edition, or LE (no prizes!), is a limited run with extra specification and special features at a discounted price against the usual list price for that specification, to celebrate the marque’s return to production in its 70th birthday year.

If I order a car now do I have to have a Launch Edition?
No, you can exercise a choice when placing your order. This can be changed later on. Once the slots have been sold a waiting list will be maintained in case any LE orders are varied or cancelled.

Is it permissible to place multiple deposits?
We are aware that some individuals may intend to place two deposits – ‘one to keep, one to sell’. Acceptance of more than 2 deposits from one individual or organisation is subject to prior discussion. We are aware that there is likely to be a profit opportunity from selling on build slots, but wish to keep that aspect contained to a reasonably measured degree – we want the cars to go to enthusiasts at the right price, not via speculators making multiple turns.

Will I be able to sell, or ‘flip’, my deposit?
Yes – this will be allowed – but only once per buyer save by prior arrangement.

There is no formal specification or price list yet – how can I be sure I want one?
If you don’t agree that the new car is a giant slayer, a TVR in every way, and incredible value for money, and you decide you don’t want to proceed with a formal order, we’ll give you your money back – no problem.

I’d Like to place a deposit on a convertible – can I do that now?
We are not yet taking deposits for convertible cars.

Will there be a LHD drive version at launch?
Yes.

Will the launch car meet legislation in my country?
The first car will initially be manufactured to EC SSTA (EU Small Series Type Approval) specifications and as such will be available in all EU countries and be available in right or left-hand drive versions.

In due course we will manufacture to further international standards. However, the launch model will need to be purchased in the EU and you will need to arrange for it to be individually exported and undertake whatever local type approvals are required to register the car locally yourself.

We are happy for you to place a deposit on a car in order to secure a place in the queue now while you investigate this further, and should you discover that it is unlikely that you would be unable to import the car then we will happily refund the deposit.

How will I know what my position in the queue is?
We will not be announcing specific positions at this stage, but broadly speaking, your position is determined at the time we receive cleared funds for your deposit. However, as credit card companies, banks and cheques can take varying times to clear funds, there may be a discrepancy between when you authorise your payment and when we actually receive the funds.

TVR to return with new car designed in collaboration with Gordon Murray Design

Revered British sports car brand, TVR, is roaring back to production with an incredible all-new Cosworth powered sports car, engineered in collaboration with F1 and road car design legend, Gordon Murray.

TVR has developed a product and launch programme that will see at least four new models brought to market over the next ten years
Positioning and pricing set to be consistent with TVR’s past market positioning and highly competitive within its segment

The iconic British car brand, TVR, has today announced that it will return to the market with an all-new British designed and built sports car. The company, which boasts an outstanding new management team, has developed the new car in collaboration with Gordon Murray Design and Cosworth, each providing much of the core design and engineering capability for the all-new TVR. This incredible project is already well advanced with over a year of development completed so far.

TVR will issue more specification details and early images later in 2015, but the car will continue the tradition of a classic British two-seat sports car with a composite ground effect aero chassis and body package using Gordon Murray Design’s innovative iStream® technology. Enthusiasts will also be delighted to know that the car will feature the traditional TVR DNA of a front engine with rear wheel drive and a manual transmission, powered by a normally aspirated, dry-sumped, V8 engine, developed and engineered by Cosworth.

Les Edgar, Chairman of TVR said: “We know that a new TVR has to be better than just good – it has to be outstanding. From the outset we only wanted to work with the best partners in the business, and both Gordon Murray’s and Cosworth’s track records within motor sport and high performance car design and engineering speak for themselves. GMD and Cosworth are the perfect partners for TVR and together, we will deliver a truly exceptional new car.”

Production of the car will begin in 2017, and will be offered to the market at a competitive price point within its segment and consistent with TVR’s positioning in the past. TVR has prioritised the company’s position as an all-British institution, and the cars will be completely produced in new UK factory premises.

Gordon Murray, Chairman of Gordon Murray Design comments: “TVR is an iconic brand which has been an important part of British sports car manufacturing for many decades. Its return to manufacturing is an exciting development and the car deserves the best chassis and powertrain that can possibly be delivered. To that end, I am delighted that our company is involved with the project, and that TVR are using our iStream® technology.”

Bruce Wood, Cosworth Technical Director, said: “We are proud to see Cosworth’s industry-leading engineering at the heart of the revived TVR brand. Our team has been working closely with TVR and Gordon Murray Design to develop a powertrain solution that perfectly complements the exceptional performance characteristics of the new car. It’s an exciting project and one which well suits Cosworth’s engineering expertise.”

Edgar continues: “We are a well-funded, well-supported organisation and boast a vastly experienced management team. We are here to stay and we have a fully evolved ten year plan for product and business development, and are committed to deliver on all the targets we have set ourselves – as we have done to date.

“Despite very deliberately maintaining a low profile since completing the acquisition of TVR two years ago, we have had an enormous amount of unsolicited interest from businesses, individuals and investors internationally. Such is the strength of the brand and the passion of its followers. It is a real privilege to be a part of the revival of a great British marque – one that will succeed through our single-minded desire to produce exceptional sports cars.”

TVR Purchases Classic TVR Parts Business

As part of its ongoing plans to support existing TVR owners, TVR is pleased to announce the purchase of the parts business of David Gerald/Classic World Racing which focused on pre-1980 TVRs.

This initiative will achieve 3 important goals. Firstly, it will allow for the smooth transition of parts, including many quite rare parts for pre-1980 cars, to the already impressive stock held by TVR Parts Limited. Secondly, it means that TVR Parts Limited, the sole appointed distributor of TVR Genuine Parts, now has a comprehensive licence and access to even more historical records to better support TVR cars from every era. Finally, it will allow Classic World Racing to focus on its core business of servicing, restoring and maintaining TVRs to the highest of standards, preparing many of these cars for exhilarating track day and race winning performance.

Commenting on the deal, Chairman of TVR Manufacturing Les Edgar said, “This acquisition allows our licensed partners ‘TVR Parts Limited’ to expand the world’s deepest and widest range of stock of TVR Genuine Parts, giving even more comprehensive levels of support to existing TVR owners. All sections of the TVR community should welcome this enhancement, since a stronger TVR Parts business allows for continuity of supply, keener prices and ever-better service for owners of our much-loved cars.”

For his part, Chairman of TVR Parts Limited Graham Love added, “We are delighted to have added the pre-1980 models to the very extensive range of Genuine TVR parts we already carry, making TVR Parts Ltd the comprehensive one stop shop for all TVR owners, regardless of the age of their cars. We look forward to welcoming all owners of pre-1980 TVRs as valued new customers.”

Mike Luck, owner of Classic World Racing, said he was extremely pleased to see his parts business become part of such an exciting development. “Our parts business deserved a secure future and it is fitting that the historic records and tooling have returned back to TVR ownership.”