TVR Future In Doubt – Again
There's not been much in the way of festive cheer for workers at independent British sportscar maker TVR. In October they were told the historic factory in the seaside resort town ofBlackpool on the north-west coast was to close and be sold. A month later they learned the new assembly base wouldn't be local but in mainland Europe, so they wouldn't have jobs any more. In early December the spares division TVR Power was sold off. Now, the manufacturing arm - officially called Blackpool Automotive - has been put into receivership.
The uncertainty over TVR's future will only be resolved if a new owner can be found by administrators PKF (UK), which intends to sell the firm as a going concern.
The Web site states: "Our plans include appointing expert partners and outsourcing to more advanced facilities, which will ultimately mean a better product for everyone, both here in the domestic market and internationally."
Established in 1947, TVR was bought by Russian millionaire Nikolai Smolensky in 2004.
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