TVR’s troubled, protracted revival has been given new hope – the company has secured a £2 million coronavirus company interruption loan, and is seeking much more funding to get the firm’s intended factory in Ebbw Valley, South Wales, up and running.
However, TVR has fallen well short of the £25 million it was wishing to raise. While this extra cash will help the company’s situation, there’s still comprehensive testing and development needed before the automobile will be production ready, even now that TVR has called on Gordon Murray design for some extra help.
TVR Chimaera: purchasing guide and review (1992-2003)
Delays in the Griffith’s development can be attributed to a couple of factors. Coronavirus is one, but another is the premises, as the factory earmarked for Griffith production needs comprehensive refurbishment.
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As the Welsh government owns a three per cent stake in the company, with a complicated deal in place when it concerns ownership of home related to the project, there’s an incentive for the country to guarantee the project concerns fruition to pay back its taxpayers. Remedial work on the factory will start later this month.
New TVR Griffith: platform and powertrain
The Griffith steps 4,314mm long, 1,850mm broad and 1,239mm tall, which makes roughly the same size as the Aston Martin V8 Vantage, but much more compact than the Porsche 911 and Jaguar F-Type. Unlike any of its rivals, however, the Griffith is based around a carbon composite structure and weighs less than 1,250kg.
When the new Griffith does arrive, it’ll feature a naturally aspirated 5.0-litre V8 and a conventional six-speed manual gearbox, sourced from Ford. The unit develops 500bhp – enough for a 0–62mph time of less than four seconds and a top speed of 200mph. TVR is also aiming for a power-to-weight ratio of 400bhp per tonne.