The soap opera that has been the recent history of TVR has taken another turn. The administrators of PKF Partners have announced the sale TVR's asset's to none other Nikolai Smolenski, the previous owner who oversaw the failure of the company in the first place. The sale price hasn't been released, but is believed to be over £2 million.

Smolenski has signaled his intention to resume production of TVRs outside of England, probably in Italy with Bertone doing the assembly work. Al Melling, who had previously designed many of TVRs engines, was another bidder, but Smolenski offered more money and in the end, won back the quirky automaker.

[Source: CAR]