WEC Ginetta LMP1

TF110 · 13 Apr 2017, 18:17 (Ref:3726154)

I think with the new information available today about the pricing for the new Ginetta LMP1 car, it's safe to say this car isn't vaporware. So I thought a new thread for this car specifically would be a good idea. We could talk about this car and everything that goes with it here.

Official Name- TBD

Pricing- £1.34 million ($1.67 million) for the rolling chassis and electronics, with the engine lease and full technical support an additional £594,000 ($744,282) per year sportscar365, dailysportscar

Engine- 3.4-liter V6 turbo from Mecachrome sportscar365

Teams- TBD

Official Images- 3D Printed model

Youtube video- https://www.youtube.com/watch?v=cuh7oHNi4qo

(Mods, if you could keep this title post alive as new information comes out, that would be greatly appreciated!)

Gingers4Justice · 13 Apr 2017, 18:32 (Ref:3726160)

Quote:

Originally Posted by TF110

Pricing- £1.34 million ($1.67 million) for the rolling chassis

Very reasonably priced - I'll take two!

Akrapovic · 13 Apr 2017, 18:34 (Ref:3726164)

I REALLY hope this car is a success. I don't mean sells well, I mean is actually a good car. The problems of the LMP3 cannot crop up again. It's hard being a Ginetta fan at times, but I hope they nail this one.

Oh, and buy Silverstone too please. That'd be awesome.

canaglia · 13 Apr 2017, 18:39 (Ref:3726168)

if memory helps, 2.4 $ mlns is more expensive than what rebellion used to spend for one of their lola-tmg (arx-03 was more expensive >3 $ mlns).

Honestly, I think that a private lmp1 package shouldn't cost more than 1-1.25 $ mlns to be sustanaible. Just today new and cheaper lmp2 specs shown to be 2 seconds faster than the old R-one already...

TF110 · 13 Apr 2017, 18:46 (Ref:3726169)

This quote has me intrigued

Quote:

“By putting the price of £594,000 [for the engine lease], that’s the technical support, all the running through testing and the season. It’s an all-in cost.”

Does that include spares and the like? I wonder if that's "technical support"?

canaglia · 13 Apr 2017, 18:50 (Ref:3726172)

guess it means ginetta engineers and personnel who teach team guys how to set at best each car component and will take care the car outside races as oreca and onroak do with most of the team using thier cars.

Maelochs · 13 Apr 2017, 19:30 (Ref:3726180)

That's a lot of cash for a car that looks to be about 18" long.

J Jay · 13 Apr 2017, 19:32 (Ref:3726181)

An ready-to-race LMP1 for just shy of £2,000,000 in an age of 8-9 figure factory outfits is quite a stark contrast. I do hope this has been costed out conservatively so that Ginetta aren't reliant on a glut of orders to balance the books.

Quote:

Originally Posted by Akrapovic

I REALLY hope this car is a success. I don't mean sells well, I mean is actually a good car. The problems of the LMP3 cannot crop up again. It's hard being a Ginetta fan at times, but I hope they nail this one.

Bingo. Ginetta took a beating over the Juno that simply cannot be repeated. The fact they've committed to LMP1 privateer shows their passion (and why I also am pulling for them), now let's see it backed up with technical excellence.

Truckosaurus · 13 Apr 2017, 19:58 (Ref:3726185)

The latest report on DSC has Ginetta suggesting that 6 cars is the figure needed to make the project a (financial) success.

TF110 · 13 Apr 2017, 20:03 (Ref:3726188)

With all the interest they claimed, maybe it is a viable business for them. The biggest one being Manor, I hope they succeed.

Ospi · 14 Apr 2017, 01:49 (Ref:3726243)

The engine package deal is interesting, that's an awful lot of money for what's actually quite a standard engine package. Does it include the rebuild costs which would have to occur at least once during the season? Does it include a spare engine which will be a necessity? What about the gearbox & bellhousing? Still not enough info yet but that cost definitely caught my interest so I'm keen to know all the details which that cost accounts for.

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carbsmith · 14 Apr 2017, 06:16 (Ref:3726252)

Quote:

Originally Posted by TF110

This quote has me intrigued

Does that include spares and the like? I wonder if that's "technical support"?

No, besides engineering assistance it's for having the parts on site so you can buy them when you need them instead of shipping 4 races worth of spares around the world on your own like you would have to otherwise. Remember in WEC you get things like a car crashing at Fuji and the team not having the parts on hand to repair it for Bahrain.

Quote:

Originally Posted by Ospi

The engine package deal is interesting, that's an awful lot of money for what's actually quite a standard engine package. Does it include the rebuild costs which would have to occur at least once during the season? Does it include a spare engine which will be a necessity? What about the gearbox & bellhousing? Still not enough info yet but that cost definitely caught my interest so I'm keen to know all the details which that cost accounts for.

IndyCar engine leases are a manufacturer subsidized $1m and they do well under 35 race hours. WEC is 72 race hours.

Another way to look at it is the old LMP2 engines are cost capped at 86,778EUR and if you are doing LMP1 seriously you are probably using 10+ engines now that they have no engine usage regulations. (one for each race and another for Le Mans practice and qualifying)

**Mike Bell** · 14 Apr 2017, 06:57 (Ref:3726263)

Quote:

Originally Posted by Akrapovic

I REALLY hope this car is a success. I don't mean sells well, I mean is actually a good car. The problems of the LMP3 cannot crop up again. It's hard being a Ginetta fan at times, but I hope they nail this one.

Oh, and buy Silverstone too please. That'd be awesome.

Agree, would be good to see them succeed with this car.

Silverstone sale was off the table a while back, after the BRDC decided to continue alone. Meanwhile, Ginetta bought their own test track....

http://www.blytonpark.co.uk/news-archive/

Ospi · 14 Apr 2017, 07:59 (Ref:3726269)

Quote:

Originally Posted by carbsmith

No, besides engineering assistance it's for having the parts on site so you can buy them when you need them instead of shipping 4 races worth of spares around the world on your own like you would have to otherwise. Remember in WEC you get things like a car crashing at Fuji and the team not having the parts on hand to repair it for Bahrain.

IndyCar engine leases are a manufacturer subsidized $1m and they do well under 35 race hours. WEC is 72 race hours.

Another way to look at it is the old LMP2 engines are cost capped at 86,778EUR and if you are doing LMP1 seriously you are probably using 10+ engines now that they have no engine usage regulations. (one for each race and another for Le Mans practice and qualifying)

The engine isn't overly complicated though and shouldn't require rebuilds more than a current P2 unit. If that cost does include what's basically an entire package for a season which includes the rebuilds and spares then I can see the cost being reasonable, and you would have to assume it does given the nature of the press release which seems to cover a seasons cost.

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Speed-King · 14 Apr 2017, 08:39 (Ref:3726273)

Quote:

Originally Posted by TF110

Official Images- 3D Printed model

Nice Dallara...