Where Sir James Dyson failed, Sir Jim Ratcliffe hopes to succeed. Both self-made billionaire entrepreneurs have ploughed millions of their own money in to producing their dream project of a great British car.
Dyson had to withdraw from the battle late last year, but Ratcliffe – one of the UK’s richest men – hopes he will triumph with his “Grenadier” 4×4 rugged off-road vehicle. Unveiled today, the Grenadier’s no-nonsense styling is just what Sir Jim wanted. “It needs to be an uncompromising off-roader,” he said at the start of the project. Set to go into production in South Wales in 2021, it will create hundreds of jobs in the hard-pressed British car industry.
CEO Dirk Heilmann is undaunted by launching a brand new car in the wake of a global pandemic economic crisis.
“I’m not nervous,” says the chief of Ineos Automotive, the car-making division of Sir Jim Ratcliffe’s petrochemical global empire. “We’re not deterred by what’s going on at the moment because we believe this vehicle has a place. It’s durable, reliable and very capable. A tool you need to go exploring, pursue adventures you want to conquer.”
Dyson spent £500 million of his own fortune before scrapping his car.
“We are beyond conceptual phases now,” insists Heilmann. “We are investing a £1,000m in this venture and made the decision very early on that we are going all the way with this. We’ve invested significantly in our supply chain already and are going all the way to bring this vehicle to market.”
It was the expense of battery power development that eventually defeated Dyson, but Ratcliffe’s Grenadier contains a state-of the-art BMW Twin-Power six-cylinder turbocharged petrol and diesel engine.
“In time the electric motor will take over, “says Heilmann, “but as Mr Dyson and others have found out, if you want an electric motor you need to solve the problem with the energy, and for this kind of vehicle we feel it needs to be powered by more than battery because that would eat into our payload, costs and weight.”
In the future Ineos Automotive plans to develop hydrogen fuel cells but in the meantime “you have to be sensible with your solutions and the infrastructure needs to be there. In the middle of nowhere it’s very hard to find a plug.”
“The internal combustion engine still has a place and we’ve made sure we’ve got the most efficient and economically viable power plant.”