does tanfield have 2 good businesses ( smith electrics and upright)which are good value for the medium to long term hold ?

Good end to the day.................................

A very good end. A good start on Monday would be even better!

Zero-Emission Trucks to Be Assembled in Kansas City 27/03/09

Tanfield Group plc ('Tanfield' or 'the Company')




27 March 2009




Re US Joint Venture partner announcement




Tanfield announces that its Joint Venture partner, Smith Electric Vehicles U.S. Corporation (SEV U.S. Corp), is today announcing plans to locate its new assembly plant for the manufacture of all-electric zero emission vehicles in Kansas City, US. Production of the first vehicles is scheduled to begin in quarter 3, 2009.

The decision to locate the plant in Kansas City would represent an initial investment of $10 million by SEV U.S. Corp. In addition SEV U.S. Corp expects to receive close to $3 million in job training funds and other incentives from the state of Missouri and Kansas City.

Tanfield Group plc announced on 6 February 2009 that it had signed Heads of Terms with SEV U.S. Corp to licence Intellectual Property Rights, brand and all existing sales and sales enquiries in North America, in exchange for a 49% equity stake in SEV US Corp and per-vehicle royalties.'

Re US Joint Venture partner announcement-27 March 2009 18:11

You were quick off the mark there BM!!

Just having a last minute look before I get on with other things.

I don't ramp any share, I sometimes get a little over-enthusiastic if given 'facts' ie SEO haha! (still think it will have it's day however) but for once I have to say that if you are not in iT(AN) to win it, you may miss the opportunity of a lifetime. The US can't get enough of it at the moment.

oh dear ko
please calm things and be patient. you know where i stand from my previous post.
either it will or it wont happen.
regards
jkd

jkd, you are absolutely right! I know you are long TAN, as am I. I am also looking forward to the start of the F1 season a few hours from now; I have this crazy vision of the future of F1 where the pit stops consist of a quick change of tyres, polish the visor, then a 5 minute break for a cup of tea while the car is plugged in and re-charged! Well, that might happen, or not!

For anyone who hasn't seen the SEV-US press release:-
http://www.sev-us.com/pdf/sev_us_kc_release.pdf

Should be a lively morning tomorrow.................

I hold a few of these, so watching keenly! the thought of a tea break in the F1 ... bring back the good old days LOL

A tea break followed by a sprint to the cars, yes that would be good SM!

Heading south,

ftse down 100 pts - gm motors in trouble in usa - Dont miss the oppourtunity to fill your boots with tan at less than 12p
imho

A newswire stating that Detroit Electric is to produce and market a full line of innovative Pure Electric vehicles in US, UK, EU and China beginning 2010, Proton is their partner, may have dampened TAN from it's earlier highs.
2517

george
mt glass on advfn site says detroit electric has links with proton the malaysian car maker (gas guzzler type) - no connection with proton power.

almoore----yes that's right, by 2012 the jv plan on selling 270,000 vehicles, looks like 2 types one capable of a range of 111 miles and costing 23,000- 26,000 usd, and the other with a range of 200 miles costing 28,000 - 33,000usd.
2517

More power to the drive for ev's, (pun intended!)

george
but they should not affect tanfield - detoit/proton malaysia will be making electric cars in 2/3 years. Tanfield make electric vehicles ie trucks/vans etc available NOW !.