Skip advert
Advertisement

TVR sold to UK businessman

Rights to produce new cars wearing the TVR name, and parts have been sold to a British entrepreneur.

TVR sold to UK businessman

Following recent rumblings of a possible return, it has been reported that the rights to use the TVR name have been sold to a UK-based entrepreneur. The Surrey-based businessman, Mr Les Edgar, has also bought the rights to manufacture components for old TVRs, and says that there will be a full announcement shortly.

Advertisement - Article continues below

The company's former owner, Russian millionaire Nikolai Smolenksy, bought TVR from Peter Wheeler in 2004. Following the development and subsequent launch of the Sagaris, production was canned in 2006 due to spiraling costs. There were plans to re-launch the brand in 2010, using GM LS3 engines but the joint venture with German specialist firm FMS fell through. Since then, the company has offered parts support, but had no plans to restart car production.

From Griffith to Sagaris, find your dream TVR on evo cars for sale

As always, the TVR.co.uk homepage sparked the initial rumours when a message stating ‘Never say never’ appeared last week. Currently, the site exclaims ’Thunderous news! The distant rumble of rumour has turned to thunder and TVR is back in Britain!’

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

The new Mercedes-AMG G63 has arrived, and it still has a V8
Mercedes-AMG G63
News

The new Mercedes-AMG G63 has arrived, and it still has a V8

Some of Affalterbach’s range-toppers are swapping eight cylinders for four, but the AMG G-class retains its V8 for 2024
26 Mar 2024
The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?
Toyota GR Yaris Gen 2 – front
News

The new Toyota GR Yaris costs £44,250 – too much for a hot supermini?

Our early impressions of the Gen 2 GR Yaris suggest that it’s an improvement in every area that counts, but can it be worth £18k more than an i20 N?
27 Mar 2024
Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader
Land Rover Defender OCTA – front
News

Land Rover Defender OCTA: twin-turbo V8 and McLaren-style suspension tech for hot off-roader

The OCTA promises to be the fastest, toughest and most capable Defender yet when it launches later this year
26 Mar 2024