TVR Maybe on it’s Last Leg
Quirky British automaker TVR may be in some serious trouble. Today TVR announced that they will be closing its Blackpool factory and at least temporarily laying off 260 workers. TVR CEO Nikolai Smolensky insisted that they are determined to not close the company and they will look to remain in England. “Ideally we would stay around here because that is where the trained people are but we cannot guarantee it. We are investing for the future and our new owner is in it for the long term.”
TVR, which was bought in 2004 by Nikolai Smolensky, the son of Russian banker Alexander Smolensky, was not immediately available for comment. Media reports say the firm’s sales have suffered over the Winter.
TVR was founded in 1947 by Trevor Wilkinson and the cars have an ardent following among drivers who appreciate their dramatic looks and distinctive engine note.
Written by Dominik on April 25th, 2006 with
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