Sourced from: Autoevolution.com
British sportscar manufacturer is officially back in business under the English flag, after UK-based company TVR Automotive Ltd has acquired the name from Russian banker Nikolai Smolensky.
“Thunderous news! The distant rumble of rumor has turned to thunder and TVR is back in Britain!”, is the message that replaced the “Never say never” statement TVR was teasing us with last week, while TVR Automotive’s new owner, Les Edgar, made it official in an interview given to Top Gear.
“You can’t let these great brands disappear or go abroad,” he said. “The starting point was ‘let’s get it back’. There’s a huge amount of passion with the TVR brand. You’d be hard-pushed to find a British car brand that generates so much passion.”
Although he refrained from revealing any details on the future sportscar, Edgar added that his company “will respect TVR’s heritage… and Britishness”.
Nikolay Smolensky, TVR’s former owner, acquired the automaker back in 2004 from Peter Wheeler for about £15 million (€17.6 million / $23.4 million).