Magna V8 Supercar by 2004

BJAY · 7 May 2002, 05:15 (Ref:279100)

It was reported at FordForums.com that a Magna V8 Supercar is a definate thing for 2004, and there should be an announcement by the end of next week. They say the Magna will use a Dodge V8.

BJ

Mr Squiggle · 7 May 2002, 05:18 (Ref:279104)

I seem to remember someone mentioning that in this forum.

Mr Squiggle · 7 May 2002, 05:24 (Ref:279111)

regarding the recent $85M(?) taxpayer funded corporate welfare cheque which Mitsubishi recently received. Was it genuinely needed aid to get them over a short term liquidity problem or just the swindle of the year?

Buckshot · 7 May 2002, 05:38 (Ref:279121)

Just wait and see but you heard it here first - Warren Luff will be driving.

I was on an Advanced Driving course a month and a bit ago and Warren said he and Mitsubishi have an announcment coming up.

I thought it my be something like a GTP drive in a Magna VRX as that's what the company car is for his driving school - but could this be what he was referring to ?

Mr Squiggle · 7 May 2002, 05:40 (Ref:279123)

Damn fine (and clever) choice for a driver.

This will be a good test for him. Most things I've seen him do he's done well but against poor/non-existent competition.

Buckshot · 7 May 2002, 05:56 (Ref:279133)

Yeah look at him romping away with the V8 Brute series - despite the shonky chook raffle reverse grid system !

Mr Squiggle · 7 May 2002, 06:01 (Ref:279136)

My thoughts exactly.

Beautiful smooth driving style. Always quick, never has a bad day.

Yeah, he'll do well.

StuiE · 7 May 2002, 06:53 (Ref:279160)

Yeah, Warren is good

and If Mitsubishi gets in Even better

racer69 · 7 May 2002, 06:56 (Ref:279163)

Warren is long overdue for a top drive, look at his perfomance in the Brutes and previously in the Mirage's, maybe they should pair him with Wayne Wakefield, both deserve a top drive.

i REALLY hope this happens, but also remember in the past the 'announcements' that Toyota were meant to make in regards to V8s.

Mr Squiggle · 7 May 2002, 07:00 (Ref:279169)

I do hope that Neil Crompton doesn't have any sort of tie with Mitsubishi. I'll spew if I see his name pop up.

racer69 · 7 May 2002, 07:46 (Ref:279192)

I'm getting the impression ur not a Neil Crompton fan

Michael H · 7 May 2002, 07:52 (Ref:279196)

If this is true then it is absolutley outrageous.

Here is a company that begged the Fed and SA govts for money, whilst at the same time shelling out millions to part sponsor the 2002 Australian Commonwealth games team. And now this could occur! What is it going to cost? 10 mil plus??

Sure, it would be great to see more makes in V8s, but the money thing is ridiculous. And this could open a pandoras box regarding parity.

What will happen if Mitsubishi dominate (and make no mistake, they WILL dominate). How will the Holden and Ford fans react?

Amaroo Park · 7 May 2002, 08:27 (Ref:279216)

Quote:

Originally posted by Michael H
If this is true then it is absolutley outrageous.

Here is a company that begged the Fed and SA govts for money, whilst at the same time shelling out millions to part sponsor the 2002 Australian Commonwealth games team. And now this could occur! What is it going to cost? 10 mil plus??

Sure, it would be great to see more makes in V8s, but the money thing is ridiculous. And this could open a pandoras box regarding parity.

What will happen if Mitsubishi dominate (and make no mistake, they WILL dominate). How will the Holden and Ford fans react?

Mitsubishi will NOT dominate. And I find it offensive that we the Tax Payer bail these incompetent fools out of financial ruin and they go and spend money on V8,s

BJAY · 7 May 2002, 09:34 (Ref:279260)

Quote:

Originally posted by Michael H
If this is true then it is absolutley outrageous.

Here is a company that begged the Fed and SA govts for money, whilst at the same time shelling out millions to part sponsor the 2002 Australian Commonwealth games team. And now this could occur! What is it going to cost? 10 mil plus??

Sure, it would be great to see more makes in V8s, but the money thing is ridiculous. And this could open a pandoras box regarding parity.

What will happen if Mitsubishi dominate (and make no mistake, they WILL dominate). How will the Holden and Ford fans react?

Yes, Mitsubishi Australia is running low on money, that's why I think the money would come from the parent company Daimler-Chrysler, who denfinately don't have money trouble.

BJ

Amaroo Park · 7 May 2002, 09:48 (Ref:279270)

Quote:

Originally posted by BJAY

Yes, Mitsubishi Australia is running low on money, that's why I think the money would come from the parent company Daimler-Chrysler, who denfinately don't have money trouble.

BJ

If the parent company has money as we know they have then they should have bailed Mitsubishi out. Don't forget that the Government did not bail Holden out when they where in far worse financial shape in 1986 than Mitsubishi are now. It was General Motors who ended up footing the debts

calais · 7 May 2002, 09:49 (Ref:279271)

i can see the natives revolting already.
hey guys, there is more to motor racing than just ford and holden.

Morris 1100 · 7 May 2002, 09:57 (Ref:279278)

It is probably the best thing that Mitsubishi could do.
If they commit to a V8 they are commiting themselves to Australia. They would be making themselves the third player in Aus overtaking Toyota as far as commitment goes.

We should worry about our taxpayer bailout if they did not do this!
The taxpayers will not have to fund this, it should come out of the increased sales that their commitment will bring!

Amaroo Park · 7 May 2002, 10:01 (Ref:279283)

Quote:

Originally posted by Morris 1100
It is probably the best thing that Mitsubishi could do.
If they commit to a V8 they are commiting themselves to Australia. They would be making themselves the third player in Aus overtaking Toyota as far as commitment goes.

We should worry about our taxpayer bailout if they did not do this!
The taxpayers will not have to fund this, it should come out of the increased sales that their commitment will bring!

Sure they are showing comitment but they will not overtake Toyota in third place. don't forget **** product is still **** product no matter how it is packaged whether it be in a supercar or with 5 years free service etc

calais · 7 May 2002, 10:10 (Ref:279291)

colinbond, i have owned new holdens that fall into the **** category as well.
i just hope the magna's dont cop the same reception at the track as the nissan's got at bathurst from the redneck brigade.
if this sport is serious about expanding it needs to lose its xenophobic attitude to other manufacturers

Mr Squiggle · 7 May 2002, 10:19 (Ref:279298)

Good point by Morris 1100. Making cars is one thing, selling them is another. They may have a chance with some strong market presence.

The Mitsubishi corporate welfare cheque may very well have been the swindle of the year. It is not unusual for an overseas based compay to put the lean on the government every so often. And the government caves in with monotonous regularity.

For other exampes of corporate welfare, look no further than the oil companies last year. Their is now a federal waste oil levy imposed on all lubricating oils as of 1/7/2001. It's only five cents a litre but its a lot when you consider the total market is hundreds of millions of litres. By the sound of it you'd think it went tothe CSIRO to research what to do with waste oil or something. NO. It goes to whoever is capable of recracking used lubricants, i.e. anyone with a refinery. And guess who they are.

At least Mitsubishi are giving a little back.

Amaroo Park · 7 May 2002, 10:28 (Ref:279307)

Quote:

Originally posted by calais
colinbond, i have owned new holdens that fall into the **** category as well.
i just hope the magna's dont cop the same reception at the track as the nissan's got at bathurst from the redneck brigade.
if this sport is serious about expanding it needs to lose its xenophobic attitude to other manufacturers

I do not have a xenophobic attitude to other manufacturers and I would actually like to see more in the sport, BUT I must be slow or something because I have a really problem if as it is being suggested here that DamilerChyrsler have money to spend on Mitsubishi's V8 program. Why was that money not handed over to the Company when it went cap in hand to the Government. If they are using the Government then that is even worse either way they should get there house properly in order before they go spending money on V8's.

Oh what happens next year when they need some more money from the Government other wise they will close down Australian operations should they be given more money???????

calais · 7 May 2002, 10:46 (Ref:279317)

colin, i said the sport was xenophobic, not you.
look, motorsport usually comes out of a manufacturers marketing budget, meaning the money they would spend on racing would probably be spent elsewhere on advertising if they were not to race.
do you think ford and holden spend millions every year in supercars because they are revheads????? no.
they race because it is a form of advertising. ford USA lost billions last year but their world motorsport programs are as strong as ever, even though thousands of ford employees have lost their jobs.
i dont know exact details of the deal with the governmemt, but i would say it is a one off grant.
racing equals advertising.
advertising equals sales.
sales equals no debt and no job losses
mitsubishi are doing this to sell more cars, not because there are some new found petrol heads in the company. and they see v8 supercars as good advertising

Crash Test · 7 May 2002, 12:24 (Ref:279385)

Heheh, Ford's presence in the class hasn't converted over to sales... what would happen if Toyota made an entry?

All I can see happening if Mitsi does make an entry is that they go home with their tails between their legs after failing to pre-qualify/qualify/what-ever-it-is-called-next-week. To be able to make it into the field, they will have to be right on the money. A lot of good people are failing to make the grade as it is. To get in, they'll have to have the best of the best working for them- where will they get these people from??

Mr Squiggle · 7 May 2002, 12:30 (Ref:279391)

The same thought occured to me, Crash Test.

You would need some pretty serious racing people to make this happen.

Sorry to say, if they use their own nuff-nuffs they're in trouble.

Crash Test · 7 May 2002, 12:42 (Ref:279402)

They would need to be people with a past in V8s, and they would need a fair few of them. There's no good only having one champion engineer- there will be dramas, and I'd say it would take a few combined brains to get it on the track.

BTW- why is(/was) the PHR Falcon a dog?

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