Ineos forced to shut down production on supplier issue

Media starting to break that production of the IG is going to be paused until 2025 due to financial troubles at one of its suppliers.

The UK dealers were just told and mine told me today but I didn't post anything until I saw it starting to appear in the media. I cant see behind the paywall but I wonder if this is recaro?

 

[Zimm]

6500 left, from 9000 built.

My goofy cousin has 2.

 

[chrsbe]

We will find out. Hope you are not right.

 

[Tazzieman]

My goofy cousin has 2.

More fun than cryptocurrency!

 

[LOLIVER]

View attachment 7870685

The rest of the article is paywalled. I'd expect a press release addressing this soon.

https://europe.autonews.com/automakers/land-rover-rival-ineos-halts-grenadier-output-parts-shortage

Thanks for the article link mate. I have a paywall reader. Here is the article screenshots

 

[CrazyOldMan]

My goofy cousin has 2.

I saw five in a row driving back from Chicago- one of them was tricked out to look exactly like the one in the movie. They got the “toot” button, and well-deserved.

 

[trobex]

It's a shame because these Recaro seats in the Grenadier are fantastic.
So supportive and comfortable.

You jest. They are the worst seats of any vehicle I have sat in 19 years. But that is my personal take on them!

 

[Zimm]

You jest. They are the worst seats of any vehicle I have sat in 19 years. But that is my personal take on them!

Are you fat, fit or thin? I have a theory, that the more your body has the consistency of dough the more it contours to whatever vessel you plop it in, and the less you give a shit about adjustments.

 

[Zimm]

On the bright side, maybe Ineos will release the manual and programming before it goes tits up!

I know I know, like every shezimm says, my optimism can be draining at times. It's why they leave me.

 

[TerryS]

Expensive projects in the chemical sector, worth several billion euros, combined with the ongoing crisis since early last year, are draining their funds. The nearly 2 billion euros of money transfers made in 2020 and 2021 are likely not feasible right now. Then, there are a few money-losing ventures to keep alive, such as Belstaff.

Sales figures remain low, even though there has been a slight improvement over the past two months. In Germany, we're talking about quantities of around +10 vehicles or so — nothing more. In the UK, things remain poor; only the U.S. market is still performing well.

Then there's talk of opening the Chinese market, but China has absolutely no relationship with this type of vehicle.

In my view, Ineos Automotive is lacking cash flow. Stagnating sales are not bringing in enough money to keep the machinery running. Additional funds are needed, which is currently difficult. Now, having a supplier problem could be both a blessing and a curse: a blessing because they can hide behind this issue, and a curse because it's a real problem that further strains cash flow.

AWo