Sir Jim pours more money into Ineos Automotive.

Michael_in_Baja said:

Belstaff jackets for all!

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Jean Mercier said:

It isn't a Chinese car indeed, with parts from Mexico, Hungary, Germany, UK, Italy, Indonesia, Spain, etc. Even something made by a Belgian multinational, but I don't know in which country.

But indeed there are also Chinese parts in the car, like in any mobile phone or electronic equipment.
See this picture I posted a long time ago:

20230514_115007.jpg

www.theineosforum.com

For instance, even my seatbelts have a "made in China" label on it.

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TD5-90 said:

Yes, astonishingly many parts are made in China, e.g. the factory rock sliders.

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AWo said:

Of course...and the group suffers. And reading that there was a need to fund IA again is not a good sign, at least for me

For me it seems that Ineos chemicals is shifting to the US and Asia. Ratcliffe likes Trump and maybe he hopes on his election which presumably would make his business easier. Less regulations, etc. The site which makes profit in the EU today is one which imports cheap fracking gas from the US. His son will take over more responsibilities in the US business. In Asia is this renewed partnership with Sinopec and they build plants there. There were some press releases where JR has critizized and warned the EU council.

He can not drop IA or he looses his face. 15 years ago his face was unknown even to the majority of Ineos employees, he was just "a name". Nowadays his face is so much linked to projects of his private interest, especially the Grenadier. But the chemical sites always pay. That sums up to a pretty big number...

- Hotels around the worls
- Airline
- Soccer clubs incl. ManU and OCG Nizza
- Australian All Blacks
- many land purchases on Iceland
- National Parc in Tanzania
- Formula 1 Team
- Team Britannia (€50 Mio. starting fee per year)
- Cycling Team "The Grenadiers"
- London Business School

All that was possible because the chemical section earned good money. He should be careful not to dry out his source of wealth and cut their funds off to pay his "projects". Because all above only costs money, incl. IA. The press articled referred to here shows that. Again.

AWo

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TD5-90 said:

Yes, astonishingly many parts are made in China, e.g. the factory rock sliders.

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Tazzieman said:

Made from premium Australian iron ore

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AWo said:

Of course...and the group suffers. And reading that there was a need to fund IA again is not a good sign, at least for me

For me it seems that Ineos chemicals is shifting to the US and Asia. Ratcliffe likes Trump and maybe he hopes on his election which presumably would make his business easier. Less regulations, etc. The site which makes profit in the EU today is one which imports cheap fracking gas from the US. His son will take over more responsibilities in the US business. In Asia is this renewed partnership with Sinopec and they build plants there. There were some press releases where JR has critizized and warned the EU council.

He can not drop IA or he looses his face. 15 years ago his face was unknown even to the majority of Ineos employees, he was just "a name". Nowadays his face is so much linked to projects of his private interest, especially the Grenadier. But the chemical sites always pay. That sums up to a pretty big number...

- Hotels around the worls
- Airline
- Soccer clubs incl. ManU and OCG Nizza
- Australian All Blacks
- many land purchases on Iceland
- National Parc in Tanzania
- Formula 1 Team
- Team Britannia (€50 Mio. starting fee per year)
- Cycling Team "The Grenadiers"
- London Business School

All that was possible because the chemical section earned good money. He should be careful not to dry out his source of wealth and cut their funds off to pay his "projects". Because all above only costs money, incl. IA. The press articled referred to here shows that. Again.

AWo

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Tazzieman said:

Who knows, or dares to dream....

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Baron von Teuchter said:

I seriously doubt he used any personal funds to set up IAL, he owns a significant portion of the Ineos group - it will all be group money.

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Dual Grenny Guy said:

Me personally, I can’t wait for 2025 when the production starts back up and then waiting another 5 plus years later reading about the same detractors saying the brand is still going under. We will see who prevails, and in MY heart and mind I honestly feel it will be the Ineos Grenadier! I believe it will be a vehicle to last many years/decades. I have never seen a product have such a large number of people wanting it to fail. The negative people, I won’t name you but we all know who they are, will say they don’t feel that way. However, you all must not be reading your own posts. I will end with this, regardless of who turns out to be right, I will own at least 2 of the coolest vehicles on the planet and will have them until I’m gone. Now all you non-owning negative posters come at me with ya best shot……

Edit: btw Grenadier owners aren’t you all pleased to read this article as it appears for now Sir. Jim is not gonna let this project go down? I personally don’t care where the money comes from (personal funds, other businesses under the same umbrella, new business partner, a loan shark ), as it shows his commitment to the Grenadier. Hell if he does open a plant in the USA I may even come out of retirement to go to work for Ineos, well that’s if they don’t do a psych eval on possible new hires…..

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Jean Mercier said:

It isn't a Chinese car indeed, with parts from Mexico, Hungary, Germany, UK, Italy, Indonesia, Spain, etc. Even something made by a Belgian multinational, but I don't know in which country.

But indeed there are also Chinese parts in the car, like in any mobile phone or electronic equipment.
See this picture I posted a long time ago:

20230514_115007.jpg

www.theineosforum.com

For instance, even my seatbelts have a "made in China" label on it.

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Shopkeep said:

Australian All Blacks? For the people of New Zealand them’s fighting words.

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Toot said:

capital raising for new enterprises is normal. Compared to other fresh start auto companies IA seems to be doing just fine. I don’t think Jim needs any financial advice from us. If he did that would be cause for concern. And for arguments sake, he could put 90% of his net worth into IA, which, at the current rate would take many many many years- well over a decade, and he’d still be a multi billionaire in terms of GBP. All of this reads as good news and standard operating procedure to me as a finance person.

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DaveB said:

Are there still people in New Zealand??
I thought they had all moved to Australia.

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Tazzieman said:

I've just driven from Ohope Beach to Gisborne for lunch, and there are people here. At least 2 Australians

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DaveB said:

In theory there are 5.2 million people there but 586,000 of them live in Australia.

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AWo said:

The article refers to last year, not now. Yes, strange that with the Fusilier. I would not call it that enthusiastic "commitment" as this was money from the chemical part, not his private money. Ask the chemical people what they would have needed the money for...And it shows what I have said, IA lacks money. That was the third money transfer from the chemical business to IA.

AWo

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Ask the chemical people what they would have needed the money for..

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DaveB said:

If memory serves I seem to recall GM filing for Bankruptcy some years ago.
Jaguar would be gone if it wasn't for Landrover sales.
Mazda just took a $4.2 Billion loan in 2020 and is not looking good.
Chrysler & Stellantis are just about finished.
Cadillac will be bankrupt soon
McLaren is only just surviving
Mitsubishi cars will probably only last another year or so.
Volvo just cut off Polestar funding and neither will be around in a couple of years.
Buick ditto
Lucid is in hospital on the pump
Lotus.....
Fiskar
Infiniti
Rivian is looking doubtful
Even Ford is struggling

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