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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]

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    • 1 Second Ago
      • 8 Years Ago
      I wish that production remained in Blackpool, England. It was kind of cool to see this product arise from the same town that Chris Lowe from the Pet Shops is from. One performs excellent on keyboards/Sytherthisers and the other on the road, music and cars helps keep the world spinning beside money and sex.
      • 8 Years Ago
      See the keyboardist....the inventive one...
      • 8 Years Ago
      Dang, I was hoping Melling would win.
      • 8 Years Ago
      My suspicion is its 2 million quid, plus all the debt that TVR has incurred. Which could be a lot.