Comments by "afcgeo" (@afcgeo882) on "carwow"
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EcSight Games I say “IF” precisely because that happens quite a often. Many startups build the infrastructure and release a ton of press to attract further needed investments and drive evaluations up, but when they don’t get enough, they fold. Yes, BMWs engines are horrific. Land Rover owners know this all too well. If JLR cars are your benchmark for reliability, then this manufacturer will hit the mark well.
As far as the pricing goes... Here, read this article, and pay special attention to the very bottom of it: https://www.carmagazine.co.uk/amp/car-news/first-official-pictures/ineos-projekt-grenadier-an-old-school-4x4-off-roader-for-2020/
The old 110 sold for mid-upper 30s, so this thing... My guess is that the starting price will be around £43k and a well-equipped one will be around £50k.
And then there’s another possible snag... while the final assembly will be in Wales, for PR’s sake, the ENTIRE car will actually be manufactured, and even painted in the EU. I don’t know if you’ve heard of the whole Brexit thing, but that may be a big issue as well.
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EcSight Games While that’s true, they’ve also said that a long wheel base 4-door model will be the first one, followed by a 4-door pickup, so 110 and 130 competitors, so lets use those prices for fairness. I can’t find any of your claimed quotes, but I linked a quote relating to pricing from one of their executives. He said they can’t sell them as cheaply, and it makes lots of sense. It’s a small production factory of a brand with ZERO recognition, so very limited. It will need to be profitable right off the start to continue to produce and since it’s a modern vehicle with modern emissions and safety requirements, it will be significantly more expensive to produce. Then there’s a whole issue of a non-existent dealer network that will want to make back their investments into infrastructure. My guess is that the first model will actually sell for closer to £80k and will never see any dirt. Footballers and their wives will be collecting them in their Cheshire mansions.
As far as the main company having money... that’s not how businesses work. The books are kept separately. Investors frown upon mixing revenues and expenses between different industries. The main company is a chemicals manufacturer and has nothing in common with automobile manufacturing. They will not move the funds around.
Ineos is comprised of over 20 separate businesses, each with its own board, budget and Ineos Automotive, Ltd id just one of them. These are basically independent businesses under one umbrella.
Meanwhile Ratcliffe and the other two owners are moving to Monaco, they’re shutting down a plant in England, with hundreds of jobs lost, and the car is even supposed to be designed in Germany. https://www.theguardian.com/business/2018/aug/09/britains-richest-man-to-leave-uk-for-tax-free-monaco
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