jeremy996 Posted October 10, 2022 Share Posted October 10, 2022 Just had an e-mail from Ineos at 18:08 with news of a general delay to December for customer vehicles. It included a little video, (which cannot be embedded). https://youtu.be/F8vyowQ_Hjo Quote Link to comment Share on other sites More sharing options...
FridgeFreezer Posted October 11, 2022 Share Posted October 11, 2022 £500m to develop a new car that you haven't sold any of yet doesn't seem massively unreasonable. 1 Quote Link to comment Share on other sites More sharing options...
Retroanaconda Posted October 11, 2022 Share Posted October 11, 2022 Handy tax write off for Ineos too. 1 Quote Link to comment Share on other sites More sharing options...
Anderzander Posted October 11, 2022 Share Posted October 11, 2022 3 hours ago, FridgeFreezer said: £500m to develop a new car that you haven't sold any of yet doesn't seem massively unreasonable. Seems quite cheap in a way !? Quote Link to comment Share on other sites More sharing options...
FridgeFreezer Posted October 11, 2022 Share Posted October 11, 2022 3 minutes ago, Anderzander said: Seems quite cheap in a way !? Perhaps - but then there's a lot of bits straight out of the Magna / Steyr-Puch / BMW parts-bin in it. Quote Link to comment Share on other sites More sharing options...
Anderzander Posted October 11, 2022 Share Posted October 11, 2022 That’s true and I suppose that 1/2bn won’t show the full contracted estate costs for example . Quote Link to comment Share on other sites More sharing options...
Snagger Posted October 11, 2022 Share Posted October 11, 2022 5 hours ago, FridgeFreezer said: £500m to develop a new car that you haven't sold any of yet doesn't seem massively unreasonable. In addition to the previous parent loans. But still a fairly normal looking amount for development of a new model, and presumably very low for setting up a new brand and buying a very large, state of the art and fully equipped factory. 2 Quote Link to comment Share on other sites More sharing options...
FridgeFreezer Posted October 11, 2022 Share Posted October 11, 2022 1 hour ago, Snagger said: buying a very large, state of the art and fully equipped factory. I thought they were just renting the production capacity from the owners, as is often done in modern times? Quote Link to comment Share on other sites More sharing options...
Anderzander Posted October 11, 2022 Share Posted October 11, 2022 That’s what I meant by their full estate costs won’t show on their current financial statement. I expect they will have signed for a fixed term with extensions and that will represent some considerable liability - but on their statements will only show the amount due against that period rather then the whole term. Quote Link to comment Share on other sites More sharing options...
Snagger Posted October 11, 2022 Share Posted October 11, 2022 58 minutes ago, FridgeFreezer said: I thought they were just renting the production capacity from the owners, as is often done in modern times? I may well have misunderstood, but I thought they bought it from Mercedes, who had been using it for the Smart cars. Quote Link to comment Share on other sites More sharing options...
Anderzander Posted October 11, 2022 Share Posted October 11, 2022 I just went back to reread it - I thought they’d leased it, but they actually bought it. 1 Quote Link to comment Share on other sites More sharing options...
deep Posted October 11, 2022 Share Posted October 11, 2022 Yes, I'm sure I read they had bought it and were assembling vehicles for clients in part of it? Quote Link to comment Share on other sites More sharing options...
jeremy996 Posted October 11, 2022 Share Posted October 11, 2022 (edited) Ineos bought the Hambach plant and have been building 2 seat Smart EVs under contract, (the 4 seat ones are built in China). In the interim, they have been altering the production cells and designng the build process for the Grenadier. https://www.autocar.co.uk/car-news/new-cars/fortwo-4x4-how-smart-factory-became-home-ineos-grenadier https://www.ineos.com/news/shared-news/ineos-automotive-confirms-acquisition-of-hambach-production-site-from-mercedes-benz/ It was cheap as the French have some really agressive laws about making staff redundant - letting staff go can cost more than employing them to retirement! Edited October 11, 2022 by jeremy996 Changing TVs to EVs; they are in the car business 1 Quote Link to comment Share on other sites More sharing options...
deep Posted October 12, 2022 Share Posted October 12, 2022 Cheers. My memory was still working then. Sometimes, I think I have a sieve like a memory... Quote Link to comment Share on other sites More sharing options...
jeremy996 Posted October 17, 2022 Share Posted October 17, 2022 New YouTube video from LR Time, Christian and Vera; they get to drive the Grenadier off road. Both interesting and sometimes funny. Quote Link to comment Share on other sites More sharing options...
Popular Post Anderzander Posted October 19, 2022 Popular Post Share Posted October 19, 2022 First one off the production line - concept in 2017 to production in 2022 is good going I think. 6 Quote Link to comment Share on other sites More sharing options...
deep Posted October 19, 2022 Share Posted October 19, 2022 It felt good to get that email this morning. For the Land Rover lover, this is a great day! At long last, a vehicle that continues the long tradition established by Land Rover seven plus decades ago is actually being built. It's all a bit convoluted, admittedly, but that's how the modern world is. I'd say a British owned company building cars in France just pips an Indian owned company building cars in Slovakia slightly, when it comes to winning my own heritage battle too... 1 Quote Link to comment Share on other sites More sharing options...
ThreePointFive Posted October 20, 2022 Share Posted October 20, 2022 I share this guy's level of enthusasim at this point. Seeing one (and driving one) may upgrade that position in due course. Quote Link to comment Share on other sites More sharing options...
Maverik Posted October 20, 2022 Share Posted October 20, 2022 IC engines still get me quite excited! 2 Quote Link to comment Share on other sites More sharing options...
Gazzar Posted October 21, 2022 Share Posted October 21, 2022 Job#1, nice nod to Lode lane! Quote Link to comment Share on other sites More sharing options...
jeremy996 Posted October 27, 2022 Share Posted October 27, 2022 Australian YouTube video, at the Sydney 4WD & Adventure Show, a catch up with Justin Hocevar the Head of Region at INEOS Automotive. Worthy of note, the big roo bar on the front - ARB. 2 Quote Link to comment Share on other sites More sharing options...
Maverik Posted October 27, 2022 Share Posted October 27, 2022 1 Quote Link to comment Share on other sites More sharing options...
L19MUD Posted October 27, 2022 Share Posted October 27, 2022 Like the Roo bar - that won't be legal in the UK unfortunately though Quote Link to comment Share on other sites More sharing options...
jeremy996 Posted October 27, 2022 Share Posted October 27, 2022 Received at 15:01 this afternoon. VIEW IN BROWSER Hi Jeremy, We recently told you we’ve started series production of the Grenadier. And that, despite global supply issues facing the automotive industry, customer vehicles will shortly be coming off the line at our facility in Hambach. Well, now we have more good news. Your Grenadier is heading for the production line meaning you can expect delivery to be between February - March 2023. Not long now until you can put yours to the purpose you have in mind. We can’t wait to see you behind the wheel. If you have any questions about your order, please get in touch.Your Order Number: 5XXXXXX CONTACT US > The Grenadier team I'm not best pleased; when I started down this route the date was September, after the last two e-mails of delay, I'd got to December/January and now I've got February/March 2023. Still, it could be worse, although I'm driving a 2002 Vauxhall Agila at the moment, which does not have the road presence of the old Defender, the comfort of the Grenadier and the street cred of either! Remembrance Parades in Castle Donington will be interesting; with my old Defender across the road, no-one had the gall to drive round it; the Agila just does not have the same "so far and no further" road presence. 1 Quote Link to comment Share on other sites More sharing options...
deep Posted October 28, 2022 Share Posted October 28, 2022 Good things are worth the wait, assuming you don't get too old to enjoy them before they turn up! You might get to appreciate the relative simplicity of that Vauxhall one day. It's bound to be a bit less Big Bruvver than even a Grenadier. Meanwhile, that is a genuinely exciting email, of which I am genuinely envious. Good luck. 1 Quote Link to comment Share on other sites More sharing options...
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