RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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quote: Originally posted by Stavs
One of my customers has one sitting in there garage gathering dust, looks quite good condition ! Is it worth anything
They seem to go for £400-£800 in standard guise so no, not really, but I'll be looking for another after we finish this one. They don't rot so can stand for years - not fussed on engine as I'll drop a TL1000 V Twin set up in or that's the plan
The current seating position is awesome, we've dropped a glass version of the carbon seats in with no runners; so you're basically sat on the floor; touring car position looking through the steering wheel - I want to keep it like that but Paul wants runners boo!
[Edited on 10-09-2010 by LiVe LeE]
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BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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Lee - You are a hero
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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I got single, I got toys
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Robin
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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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I envy you, I've wanted both of these for a long time!
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alan-g-w
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Registered: 9th Nov 07
Location: Glasgow
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quote: Originally posted by LiVe LeE
...
Few Facts:
The chassis was designed by Lotus
The body was manufactured by Hoover
It was the largest injection moulded product at the time by a far way
It was the first mass prodced item to use ultrasonic bonding to bond the upper moulding to the lower
12,000 have been sold and the production costs of each one was £22,000 but they sold for £400 origninally
[Edited on 21-08-2010 by LiVe LeE]
So they spent £264,000,000 on production costs... yet only made £4,800,000 out of them? Or am I missing something?
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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quote: Originally posted by alan-g-w
quote: Originally posted by LiVe LeE
...
Few Facts:
The chassis was designed by Lotus
The body was manufactured by Hoover
It was the largest injection moulded product at the time by a far way
It was the first mass prodced item to use ultrasonic bonding to bond the upper moulding to the lower
12,000 have been sold and the production costs of each one was £22,000 but they sold for £400 origninally
[Edited on 21-08-2010 by LiVe LeE]
So they spent £264,000,000 on production costs... yet only made £4,800,000 out of them? Or am I missing something?
£22,000 in today's money; accounting for inflationary rises; can't find the figures now; but £400 was the original selling price. They made massive/unprecidented losses I know that much
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alan-g-w
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Registered: 9th Nov 07
Location: Glasgow
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As in £260million losses?
edit: Sorry, just realised what you meant.
[Edited on 10-09-2010 by alan-g-w]
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alan-g-w
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Registered: 9th Nov 07
Location: Glasgow
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Still though, at 22 grand in todays money that's about 4 or 5 grand in their money. Losses of 3.5-4.5 grand per unit?
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3CorsaMeal
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Registered: 11th Apr 02
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A heavily modified C5 reached a top speed of 150 miles per hour (240 km/h) and accelerated from 0 to 60 mph in 5 seconds taking the speed record for an electric vehicle.[4] The C5 also became the world's first electric stunt vehicle when it was driven through a 70ft tunnel of fire.[5] A "turbo conversion" converting the C5 to 24 volts and boosting the speed to 27–30 miles per hour (43–48 km/h) is available
pmsl 150mph
what are they like up bigish hills? would be perfect for driving around Thaxted town
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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quote: Originally posted by alan-g-w
Still though, at 22 grand in todays money that's about 4 or 5 grand in their money. Losses of 3.5-4.5 grand per unit?
Yeah massive, massive losses! He was expecting to sell hundreds of thousands and they'd transform the motor industry! He had Hoover involved, Lotus and a lot of investors who lost huge sums of Money
Just found this:
quote: Some Sinclair C5 geek
The C5 was launched in January 1985, initially for mail-order sales at £399, plus £29 delivery, making a total of £428.
By the Summer of 1985, Comet were selling C5s for immediate free delivery for £399.
By September 1985, when it was obvious that the C5 project was failing, Comet slashed the price of the C5 to £139.99 delivered.
After Sinclair Vehicles closed, a company in Liverpool bought the remaining 4500 complete C5s, and sold them for £699+VAT!
Sinclair Vehicles was initially financed by Clive Sinclair's sale of some of his shares in Sinclair Research, raising some £12 million.
After production stopped, Hoover, the C5 assembler, was still owed about £1.5 million by Sinclair Vehicles.
The best figures I can find add up like this:
£8.6m initial investment by Clive Sinclair
£5.9m additional cash from Clive
£6.4m debts at liquidation
£1.5m owed to Hoover at liquidation
4500 C5s sold at liquidation, raising perhaps £400,000
That's a total investment of around £22m!
If 12,000 C5s were produced in total, and the project cost £22 million, each C5 cost £1833 to make!
[Edited on 10-09-2010 by LiVe LeE]
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote: Originally posted by 3CorsaMeal
A heavily modified C5 reached a top speed of 150 miles per hour (240 km/h) and accelerated from 0 to 60 mph in 5 seconds taking the speed record for an electric vehicle.[4] The C5 also became the world's first electric stunt vehicle when it was driven through a 70ft tunnel of fire.[5] A "turbo conversion" converting the C5 to 24 volts and boosting the speed to 27–30 miles per hour (43–48 km/h) is available
pmsl 150mph
what are they like up bigish hills? would be perfect for driving around Thaxted town
Up a hill, you have to pedal but it feels like someones gently pushing you along and then the battery dies
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mike56gte
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Registered: 23rd Jun 09
Location: Fife, scotland Drives: Audi S3
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my grandad has one of these in his garage its just sat for years.
how fast do they go?
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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the C5 is about 20(ish) on the flat with pedalling; the Reliant, I have no idea yet
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alan-g-w
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Registered: 9th Nov 07
Location: Glasgow
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Those figures are crazy. Two people lost £15m between them alone, knew it had been a big failure, just not that big.
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alan-g-w
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Registered: 9th Nov 07
Location: Glasgow
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And meant to say, can't wait to see pics and videos of the Reliant. Things like that (the Minis with bike engines and stuff) usually go for 10k+ I thought?
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aron
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Registered: 10th May 07
Location: Ware, Hertfordshire
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in the name of collecting failed automotive ventures, you need a delorean next...
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote: Originally posted by alan-g-w
And meant to say, can't wait to see pics and videos of the Reliant. Things like that (the Minis with bike engines and stuff) usually go for 10k+ I thought?
We reckon this will be £7.5k, it is/was insured for that valuation
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Eck
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Registered: 17th Apr 06
Location: Lundin Links, Fife
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Fucking love Kittens. The one on youtube with the superlights looks amazing.
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RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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The V8 one? Its seriously impressive
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CorsAsh
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Registered: 19th Apr 02
Location: Munich
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Rich, spray the C5 up like an F117
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dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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quote: Originally posted by LiVe LeE
Bought into a Reliant Kitten last night; its essentially a 4 wheel version of the Robin but ours is fitted with a 1998 Yamaha R1 engine (on Carbs); Fully stripped and galvanised chassis, polycarb windows to go in; we've got two carbon bucket seats, digi dash and an all up weight of 410kg!!
Only things to buy to finish are harnesses and fabricate a roll cage. We have everything else we need so just need to spend some time on the body to clean it up.
Got it Very, Very cheap because the guy gave up on it after he couldn't get it running. Paul did a lto of work on the car for the previous owner including custom hubs to convert to disc brakes, full coilover covnersion from leaf springs on the rear. Paul managed to get it going in about 1 hour!
Not a photo of the actual one; ours is in bits but we have everything needed and just need time spent on it now.
I'll get actual photos over the w/e
WANT
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