TVR 'Roaring Back,' Sold to British Interests
TVR is making a comeback as its website is subtly hinting with the words “Roaring Back…” with a British flag prominently displayed.
According to reports, the rights to manufacture TVR vehicles and components and use existing designs and manufacture components for existing cars, have recently been sold back to British interests located near London. The report comes Autocar in a recent interview with TVR’s former owner, Russian banker Nikolai Smolensky.
According to Smolensky, the deal was completed “some weeks ago” and the transaction involves a company fronted by a Surrey-based entrepreneur, Mr. Les Edgar. No sale price was mentioned, but Smolenski did acquire TVR in 2004 for a rumored price of £15 million ($23.4 million).
Interestingly enough, a private company called TVR Motor Cars Ltd. was incorporated at the end of April. Combine that with the fact that the website is hinting at a comeback and you can probably read between the lines that TVR will resurface in the near future.
[Source: Autocar UK]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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