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?

 

[anand]

Some very interesting new info, some we have discussed here.

View: https://www.youtube.com/watch?v=jk0SeRc2LoE

I've jumped through some of the video, and the information is just flat out wrong

 

[LC0013]

I've jumped through some of the video, and the information is just flat out wrong

Like all the information in the video is wrong?

Dang Texans....

 

[Roadking01]

I've jumped through some of the video, and the information is just flat out wrong

Please tell us what’s wrong, curious. Would like to pull trigger on one but concerned about shut down. Seems like it would be hard to just flip a switch to start back up after 8 months of downtime

 

[ColoradoMike]

Please tell us what’s wrong, curious. Would like to pull trigger on one but concerned about shut down. Seems like it would be hard to just flip a switch to start back up after 8 months of downtime

RoadKing.....you will love the Grenadier. We are now at 1 month of ownership and our local dealer, Red Noland, has been incredible! No issues with now 1500 miles on ours.

I personally have zero issues with our Grenadier. Take a test drive and see for yourself. If it is for YOU and your lifestyle then get it!

For what we love to do is find areas that the "Honda Civic/Subaru Crosstrek" cant go. Personally I absolutely LOVE the steering off-road. On the highway it takes about a week or so to get used to the steering if you are coming from an X5 or any other SUV.

We researched and test drove the current Defender, Bronco....the Lexus GX550 is also a very capable vehicle.......we decided upon our Grenadier and haven't looked back!

 

[anand]

Please tell us what’s wrong, curious. Would like to pull trigger on one but concerned about shut down. Seems like it would be hard to just flip a switch to start back up after 8 months of downtime

The fact that "sales people" have a software update that makes ADAS settings persistent across ignition cycles was the first thing. Even US INEOS employees, let alone dealers, don't have this software update, it just doesn't exist

 

[CrazyOldMan]

Please tell us what’s wrong, curious. Would like to pull trigger on one but concerned about shut down. Seems like it would be hard to just flip a switch to start back up after 8 months of downtime

It’s actually not. I have factories all over Europe. The “short-work” insurance programs offered by government allows employers to retain their employees on payroll - it’s reduced, but high enough to where you don’t have big attrition numbers. It provides stability for the employee, and allows the employer to restart much faster. The Hambach team are professionals. Either Ineos buys out the Recaro operation, or gets a license to the design and finds a 3rd party to build the seats, or provides a liquidity bridge, or an alternate supplier - and then assembly reboots. I’ve been through it a few times, myself. I think the more important questions are about the strategy for the service network, and the EV 2030 deadline, and what that means in terms of their market mix and production site strategy - the seat thing has an effect now, but i don’t think is really something that will derail them.

 

[MattA]

I think the seat issue, slow sales , lack of service availability and service manuals, war uncertainties and general economy problems will all contribute to the slow death of Grenadier and in a few years if not sooner all production will cease and the company will fold owing millions to suppliers
I desperately hope I am wrong though

 

[bigleonski]

I think the seat issue, slow sales , lack of service availability and service manuals, war uncertainties and general economy problems will all contribute to the slow death of Grenadier and in a few years if not sooner all production will cease and the company will fold owing millions to suppliers
I desperately hope I am wrong though

Well,

That’s rather put a dampener on things hasn’t it……….

 

[parb]

Well,

That’s rather put a dampener on things hasn’t it……….

Straight out of Gogol. A bit dark as one may say...

 

[255/85]

Straight out of Gogol. A bit dark as one may say...

Someone needs to talk @MattA back in off the ledge.

 

[lightning]

l don't think lneos will give up on the Grenadier.

Not now that they are actually producing vehicles that people want.

l am sure they will struggle to make it profitable, what vehicle manufacturer doesn't?

But l think the Grenadier will prevail in the long term.

 

[ethree]

The fact that "sales people" have a software update that makes ADAS settings persistent across ignition cycles was the first thing. Even US INEOS employees, let alone dealers, don't have this software update, it just doesn't exist

He may have meant the Grenadiers that the dealers can’t sell—the ones that do not have the ADAS installed. They can’t sell those units and are using them.

 

[Tx246]

I love the Grenadier. Have a Bronco and just sold our G63. The Grenadier is a much better vehicle value and fun wise.

At this point, enough have been made to support a cottage industry to supply whatever we will need in the future for parts and components.

I don’t see Grenadier going anywhere, it is a niche vehicle, but there isn’t anything else like it.

I have had mine for 6 weeks and have almost 5k miles on it.

My guess is Ineos will buy a license to make the seats and let Recaro go on down the road. It give time to free up the low optioned inventory that is sitting because it lacks the cool stuff.

I don’t think the initial orders, especially US, was handled the best way and that’s why dumb orders were processed and built.

Now dealers can spec cars they know will sell and customers can order, with a nice deposit, exactly what they want and eliminate the aging lot inventory.

The ADAS is annoying but now I don’t think anything about it. Easy to live with, just like a seat belt buzzer. The steering is even easier to live with. All of the gripes are from people who would never want to live an adventure anyway.

 

[anand]

He may have meant the Grenadiers that the dealers can’t sell—the ones that do not have the ADAS installed. They can’t sell those units and are using them.

Sure, each of the original North American dealers got 2 MY23.75 demos, some have ADAS equipment partially installed, some have nothing installed; but in the video he says they have the software that keeps the setting persistent; those non-ADAS vehicles wouldn't be running the same software revision nor would they have any ADAS menus/settings to be persistent.

 

[ethree]

Sure, each of the original North American dealers got 2 MY23.75 demos, some have ADAS equipment partially installed, some have nothing installed; but in the video he says they have the software that keeps the setting persistent; those non-ADAS vehicles wouldn't be running the same software revision nor would they have any ADAS menus/settings to be persistent.

Agreed. I find it almost impossible to believe NHTSA is going to allow that “off” switch he described. I’d love it, but I love to get a lot things I’m not gonna get.

My dealer has exactly as you describe, at least one unit with NO ADAS. Not even sure if they have a unit with a partial ADAS setup.

 

[DoubleDoom]

He may have meant the Grenadiers that the dealers can’t sell—the ones that do not have the ADAS installed. They can’t sell those units and are using them.

In the UK, they have found their way back onto the market after disappearing in July when the rules changed. The other day, someone got a big discount on an unregistered MY23 (not even an MY23.5) with 10 miles on the clock. I don't know if they were being sold as secondhand (register the dealer as first owner and then the buyer as second owner) or if some retrofitting was involved.

 

[anand]

In the UK, they have found their way back onto the market after disappearing in July when the rules changed. The other day, someone got a big discount on an unregistered MY23 (not even an MY23.5) with 10 miles on the clock. I don't know if they were being sold as secondhand (register the dealer as first owner and then the buyer as second owner) or if some retrofitting was involved.

In the US it is completely different; the initial dealer demo vehicles cannot be sold (in their current condition) and are actually all owned by Ineos, not the dealers

 

[Zimm]

I be decided to declare myself a sovereign citizen so I can own anything I want. I’ll show them!!

 

[landmannnn]

In the UK, they have found their way back onto the market after disappearing in July when the rules changed. The other day, someone got a big discount on an unregistered MY23 (not even an MY23.5) with 10 miles on the clock. I don't know if they were being sold as secondhand (register the dealer as first owner and then the buyer as second owner) or if some retrofitting was involved.

Yes, registered with dealer as the first owner before the rule change.

 

[holdmybeer]

At this point, enough have been made to support a cottage industry to supply whatever we will need in the future for parts and components.

Parts and components, yes. But ... service methods and specs, service resets, diagnostic monitoring, and intracar communication protocols ... once owners and third parties have that information then Ineos can shutter the project and I'll have peace of mind.