
What is TAG?
#1
Posted 21 August 2003 - 03:59
Advertisement
#2
Posted 21 August 2003 - 04:09
Basically a Saudi concern that financed the development of the Porsche F1 engine for McLaren.
#3
Posted 21 August 2003 - 04:19
They own Heuer, don't they?
#4
Posted 21 August 2003 - 04:24
#5
Posted 21 August 2003 - 05:20
Originally posted by Ray Bell
Although I think their main part in the McLaren-Porsche thing was that they financed the engine program, it's possible they had some input on the engine management side.
They own Heuer, don't they?
They did- it was sold to LVMH about 18 months ago
#6
Posted 21 August 2003 - 05:22
Originally posted by Ray Bell
Although I think their main part in the McLaren-Porsche thing was that they financed the engine program, it's possible they had some input on the engine management side.
They own Heuer, don't they?
I just reread Dougs McLaren any TAG EMS work is not mentioned there and I've not heard of it before.
Yes they own Heuer the company is now known as TAG Heuer. I own 3 TAG's and one original Heuer, very nice timepieces.
#7
Posted 21 August 2003 - 05:25
#8
Posted 21 August 2003 - 05:27
Originally posted by Evan Shift
They did- it was sold to LVMH about 18 months ago
Heuer was? Really that's news to me, are the watches still going to be known as TAG Heuer?
#9
Posted 21 August 2003 - 05:34
Originally posted by Bernd
Heuer was? Really that's news to me, are the watches still going to be known as TAG Heuer?
They once had shares in Mclaren but they were sold farely recently, maybe that is what he meant, I think Heuer is kind of TAG's core business.
#10
Posted 21 August 2003 - 05:40
Originally posted by Bernd
Heuer was? Really that's news to me, are the watches still going to be known as TAG Heuer?
Yeah the LVMH deal was finalised in 1999, and a license to use the TAG trademark was included in the deal. As for the TAG engine management system electronics, that project came about during 1992 when McLaren were designing their first semi-automatic gearbox and active chassis and needed an electronics platform to control them. It was subsequently extended to do the engine management functions on the customer Cosworth engine they ran in 1993. AFAIK Bosch did the engine management system for the Porsche engine and Honda had their own system which McLaren then used until the end of 1992.
#11
Posted 21 August 2003 - 05:45
http://www.tagheuer....and/history.lbl
Fast forward to 99 and it says that Tag sold Heuer.
What does TAG actualy do, they own part of a F1 team (I was wrong they still have a share holding in Mclaren) they make stereo systems (Tag Mclaren Audio), and they charter aircrafts, do they even have a core business?
Mclaren is pretty diverse in itself, they obviously make F1 cars, and Road Cars but also Stereos, own a Marketing Service, Advanced Composites (helping to build the Beagle 2 Mars Lander), A motorcycle race track, and a Catoring company!
#12
Posted 21 August 2003 - 06:55
#13
Posted 21 August 2003 - 07:22
Originally posted by ghinzani
.....so Mansour must be knocking on retirement age.
With his kind of money I reckon he's well past retirement age!
#14
Posted 21 August 2003 - 07:52
The family money laregly comes from arms trading, and Mansour's step-mother has been in the press recently as a key player in the proposed Cordiant ad agency takeover.
#15
Posted 21 August 2003 - 08:02
#16
Posted 21 August 2003 - 08:11
Originally posted by ghinzani
Is'nt Mansours wife a hot french chick?
Almost certainly. I had the pleasure of meeting one of his son's girlfriends earlier this year. There is no need to feel sorry for the Ojjeh boys...;)
#17
Posted 21 August 2003 - 08:14
Originally posted by Bernd
Heuer was? Really that's news to me, are the watches still going to be known as TAG Heuer?
BTW: Yes that's a fact. They sold 3 Billions for the whole group. That’s why I still wear an IWC (made in Switzerland). A “Fliegerchronograph” for insiders only.
And it's right TAG paid for the development of the engine, and therefore the engine was named TAG, but Porsche was just the engine developer and producer. I'm not sure, if Porsche could be named officially as part of this relationship? I remember, that in Germans magazines, always Porsche was the hero, but I think we were proud that we took successfully part in F1.

#18
Posted 21 August 2003 - 08:35
The Saudi connection was what took Williams into the big time in 1977. They managed to procure support from a number of Saudi business - Saudia (the national airline, TAG and Bin Laden (the comstruction company).
#19
Posted 21 August 2003 - 20:56
Come Christmas the inevitable happened.
The McLaren Cars road car team challenged the TAG Electronics sparks team to a football match... between the lines...
DCN