It wasn’t an easy road to TVR’s revival.
It has been almost four years since T-V-R entered the automotive world as an active company. The rebirth of the T-V-R was marked by a Griffith sports car. However, delays and silence followed quickly. It’s almost been two years since the last report on the new TVR company. So, yeah, we wouldn’t blame you for thinking the Griffith had forgotten.
It seems that not all is lost. TVR’s website remains active, and people can place deposits for the new sports car by clicking a button. Although things are a bit behind schedule, a new report states that TVR has a PS2million ($2.7 million) loan from Fiduciam in London. According to insider Media Limited the loan was approved through the UK’s Coronavirus Business Interruption Loan Scheme. It should be sufficient to complete updates to the TVR factory at Wales. These have been delayed due to regulations and red tape.
According to the report, TVR Chairman Les Edgar stated that the company was facing a new delay due to Coronavirus. However, there is confidence that TVR is on the “final straight” to begin manufacturing with the first cars expected to be delivered in 2022. This new loan comes in addition to the PS6 million (8.2 million) credit Fiduciam already has. TVR has reportedly PS40 million worth of Griffith orders.
The Griffith was first introduced in 2017 with a price tag of PS90,000. (123,685). However, it is unclear if this will change as nearly four years have passed. The Griffith, a Ford-sourced, 5.0-liter naturally-aspirated V8 with Cosworth tuning, will enter production as a 4-year-old design. It produces 500 horsepower for the rear wheels and is Ford-sourced. The lightweight Griffith weighs in at approximately 2,800 pounds and should reach 60 mph in less than four seconds. It can also go up to 200 mph flat out.