Virgin Cars Ltd was an

internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...

automobile A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, pe ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

er, established by British entrepreneur

Sir Richard Branson Sir Richard Charles Nicholas Branson (born 18 July 1950) is a British billionaire, entrepreneur, and business magnate. In the 1970s he founded the Virgin Group, which today controls more than 400 companies in various fields. Branson expressed ...

and co-founded by Ian Lancaster in 2000 as part of the

Virgin Virginity is the state of a person who has never engaged in sexual intercourse. The term ''virgin'' originally only referred to sexually inexperienced women, but has evolved to encompass a range of definitions, as found in traditional, modern ...

brand of companies. Branson predicted the company would sell 24,000 cars in its first year, with a £300m turnover. By October 2000, the company had sold more than 2,000 cars, generating £30 million. In 2001, the company launched a subsidiary, Virgin Bikes. By 2003, the company had still sold only 12,000 cars. In May of that year, Branson opened Virgin Cars' first showroom in

Salford, Greater Manchester Salford () is a city and the largest settlement in the City of Salford metropolitan borough in Greater Manchester, England. In 2011, Salford had a population of 103,886. It is also the second and only other city in the metropolitan county aft ...

. In 2005, the company stopped all operations and ceased trading.

References

External links

* C Automotive companies of the United Kingdom Defunct companies based in London Retail companies established in 2000 Internet properties established in 2000 Transport companies established in 2000 Retail companies disestablished in 2005 2000 establishments in England 2005 disestablishments in England {{UK-retail-company-stub