Countdown to new LPG I6 - Page 10

PoweredByCNG · 31-03-2011, 10:25 PM

The problem with the manufacturer has been confirmed:

http://www.mcgrathnicol.com/news/Doc...0Pty%20Ltd.pdf

...but this may or may not affect the Ford contract.

Let's hope things work out. FoA is already late to the game when it comes to LPG technology and any further setbacks would be disastrous.

Road_Warrior · 31-03-2011, 10:35 PM

Quote:

Originally Posted by PoweredByCNG

The problem with the manufacturer has been confirmed:

http://www.mcgrathnicol.com/news/Doc...0Pty%20Ltd.pdf

...but this may or may not affect the Ford contract.

Let's hope things work out. FoA is already late to the game when it comes to LPG technology and any further setbacks would be disastrous.

Quote:

“In the meantime AFI and APA will continue trading and we look forward to continued support from employees, customers and suppliers.” Mr Crawford said

It would seem that the company in question still remains a trading entity (despite now being in receivership) so here's hoping it stays that way. As you were, gentlemen.

Buntz · 31-03-2011, 10:37 PM

Quote:

Originally Posted by PoweredByCNG

The problem with the manufacturer has been confirmed:

http://www.mcgrathnicol.com/news/Doc...0Pty%20Ltd.pdf

...but this may or may not affect the Ford contract.

Let's hope things work out. FoA is already late to the game when it comes to LPG technology and any further setbacks would be disastrous.

Well they were the undisputed leader in LPG at the time. And they will be again.

Besides:

Quote:

“In the meantime AFI and APA will continue trading and we look forward to continued support from
employees, customers and suppliers.” Mr Crawford said

So they will keep manufacturing and Ford will keep getting the parts. And...

Quote:

Keith Crawford said “Our objective is to work constructively with stakeholders to stabilise and prepare the
business for sale.”

Harder to sell a business that isn't operating.

Road_Warrior · 31-03-2011, 10:45 PM

Always look for a silver lining.

Should this business be obtainable for the right price, Ford could snap it up and incorporate it into their PD portfolio. This could in turn provide Ford with an unrivalled R&D and manufacturing function for LPG cars - for cars retailed worldwide.

Buntz · 31-03-2011, 10:48 PM

Quote:

Originally Posted by Road_Warrior

Always look for a silver lining.

Should this business be obtainable for the right price, Ford could snap it up and incorporate it into their PD portfolio. This could in turn provide Ford with an unrivalled R&D and manufacturing function for LPG cars - for cars retailed worldwide.

I like the sound of that.

ratter · 31-03-2011, 10:52 PM

They contradict themselves a bit, if they are continuing to trade, why they no longer forum sponsors and why are they refusing to do the installs they have booked in.
Possibly the receivers have no idea, hopefully it turns out good in the end and could be a good opotunity for somebody with some money behind them.

bobthebilda · 31-03-2011, 11:12 PM

Quote:

Originally Posted by Road_Warrior

Always look for a silver lining.

Should this business be obtainable for the right price, Ford could snap it up and incorporate it into their PD portfolio. This could in turn provide Ford with an unrivalled R&D and manufacturing function for LPG cars - for cars retailed worldwide.

This company was only recently granted $3.5 million from the green car fund.

We can only assume/ hope that it hadnt yet got the money, but you do have to think that if a company was about to receive that sort of money from the government, then the lenders would not have called in the receivers so quickly. Obviously things are far worse than simply trying to trade out of the problem.

Road_Warrior · 31-03-2011, 11:28 PM

Quote:

Originally Posted by bobthebilda

This company was only recently granted $3.5 million from the green car fund.

We can only assume/ hope that it hadnt yet got the money, but you do have to think that if a company was about to receive that sort of money from the government, then the lenders would not have called in the receivers so quickly. Obviously things are far worse than simply trying to trade out of the problem.

We don't know how long this lender had been negotiating with the owners of APA before they called in receivers. If it was really bad, they would have shuttered the place and proceeded with an asset liquidation.

vztrt · 01-04-2011, 12:22 AM

Quote:

Originally Posted by ratter

They contradict themselves a bit, if they are continuing to trade, why they no longer forum sponsors and why are they refusing to do the installs they have booked in.
Possibly the receivers have no idea, hopefully it turns out good in the end and could be a good opportunity for somebody with some money behind them.

Could be contractual obligations that would be easier to continue with certain organisations. We will see what comes in the next couple of months.

I wonder how long till the news start their next doom and gloom story.

Buntz · 01-04-2011, 12:37 AM

Quote:

Originally Posted by vztrt

Could be contractual obligations that would be easier to continue with certain organisations. We will see what comes in the next couple of months.

I wonder how long till the news start their next doom and gloom story.

Nay... the next forum member.

jpd80 · 01-04-2011, 12:52 AM

The lengthy process of developing new OEM technology has no doubt taken a toll on
their cash reserves, this is probably why they sought the safety of receivership,
to stop them being wound up by creditors.....

Let's not lose sight of the fact that receivership allows the company to keep trading
and that their cash flow problems may be short lived once Ford launches the EcoLPI.

Buntz · 01-04-2011, 01:04 AM

Quote:

Originally Posted by jpd80

The lengthy process of developing new OEM technology has no doubt taken a toll on
their cash reserves, this is probably why they sought the safety of receivership,
to stop them being wound up by creditors.....

Let's not lose sight of the fact that receivership allows the company to keep trading
and that their cash flow problems may be short lived once Ford launches the EcoLPI.

Ford may have even recommended this to them... and used the parts contract as a way of keeping them alive until they need to meet demand.

That contract will go a long way for any investor brave enough to save them... or until/if these receivers sort out the books.

PoweredByCNG · 01-04-2011, 01:22 AM

As a keen observer not involved with the politics and legal issues that these manufacturers and distributors are facing, I hope that these issues are resolved quickly and in a manner that provides the greatest benefits for the consumer. I would hate to see the AFI Liquajet system go to waste after only a short time on the market. Competition can only be good for the consumer.

Chilliman · 01-04-2011, 01:32 AM

All I can say is - mmmm....BBQ XR6

jpd80 · 01-04-2011, 01:36 AM

Quote:

Originally Posted by PoweredByCNG

As a keen observer not involved with the politics and legal issues that these manufacturers and distributors are facing, I hope that these issues are resolved quickly and in a manner that provides the greatest benefits for the consumer. I would hate to see the AFI Liquajet system go to waste after only a short time on the market. Competition can only be good for the consumer.

Are they supplying Ford and Holden with technology albeit different to each other?
If so I could see those long term contracts being the reason for a positive outlook.

PoweredByCNG · 01-04-2011, 02:04 AM

AFI/APA only supplies the fuel storage cylinders (and Liquid Injection pumps, if applicable) to Ford and Holden. Holden uses IMPCO-BRC LPG systems whereas Ford uses Vialle/Orbital LPG systems. Note that HSV's LPI offerings use 100% Orbital equipment including LPG system and gas cylinders.

deesun · 01-04-2011, 01:27 PM

This story is bound to find it's way on to the front page of DRIVel. Very few good news stories from FORD get published by them. If FORD are only supplied tanks and pumps by API then thats the only sector of the company they will be interested in as the technology is coming from somewhere else.

Buntz · 01-04-2011, 01:27 PM

Quote:

Originally Posted by PoweredByCNG

AFI/APA only supplies the fuel storage cylinders (and Liquid Injection pumps, if applicable) to Ford and Holden. Holden uses IMPCO-BRC LPG systems whereas Ford uses Vialle/Orbital LPG systems. Note that HSV's LPI offerings use 100% Orbital equipment including LPG system and gas cylinders.

Yeah but they aren't liquid injection.

I also noticed on Orbitals website that they are involved in Hydrogen combustion. Ford collaborated with the university of Melbourne a while back to burn hydrogen on the straight-six.

Imagine what it could do for Ford if FoA got that viable?

prydey · 01-04-2011, 02:02 PM

Quote:

Originally Posted by Buntz93ED

I also noticed on Orbitals website that they are involved in Hydrogen combustion. Ford collaborated with the university of Melbourne a while back to burn hydrogen on the straight-six.

Imagine what it could do for Ford if FoA got that viable?

storage is an issue, and you need a lot of it to go not very far.

JPFS1 · 01-04-2011, 02:04 PM

Orbital aren't without their own financial issues either. They need some serious injection of working capital, particularly if LiLPG takes off and demand for product from them is required.

Buntz · 01-04-2011, 02:15 PM

Quote:

Originally Posted by JPFS1

Orbital aren't without their own financial issues either. They need some serious injection of working capital, particularly if LiLPG takes off and demand for product from them is required.

I hope so. It's good to have such a company in WA providing this kind of know how to local industry.

Quote:

Originally Posted by prydey

storage is an issue, and you need a lot of it to go not very far.

Yeah. 5000 PSI Carbon Fibre tanks are a bit expensive I'd imagine. probably about as much as an entire duel fuel option without the other parts or labour.

But Could FoA do a duel fuel LPi/Hydrogen concept. That'd be pretty sweet.

PoweredByCNG · 01-04-2011, 04:12 PM

Quote:

Originally Posted by Buntz93ED

Yeah but they aren't liquid injection.

?????

Buntz · 01-04-2011, 04:38 PM

Quote:

Originally Posted by PoweredByCNG

?????

The HSV's.

PoweredByCNG · 01-04-2011, 05:21 PM

Quote:

Originally Posted by Buntz93ED

The HSV's.

Not correct. The HSVs are LPI.

Buntz · 01-04-2011, 05:25 PM

Quote:

Originally Posted by PoweredByCNG

Not correct. The HSVs are LPI.

Nahh.... serious? Link?

falcondave69 · 01-04-2011, 05:45 PM

Quote:

Originally Posted by Buntz93ED

Nahh.... serious? Link?

http://www.drive.com.au/Editorial/Ar...rticleID=63646 - Cached

Buntz · 01-04-2011, 05:53 PM

Quote:

Originally Posted by falcondave69

http://www.drive.com.au/Editorial/Ar...rticleID=63646 - Cached

Well I'll be. they still can't pull off a start and stop LPG system like Ford though.

Mr Hardware · 04-04-2011, 12:42 PM

This isn't the first time APA has gone into administration
I remember all the hubbub when it first went down:
http://www.abc.net.au/business/mnb/content/s957653.htm

phillyc · 04-04-2011, 02:09 PM

Well. This is the link for the EcoLPi press release thread.

http://www.fordforums.com.au/showthread.php?t=11327398

To be launched Mid 2011 with 27% more power and 10% more torque.