The TVR brand is racing towards its revival, and the company reportedly plans to build a factory for its boutique sports cars in Ebbw Vale, Wales. According to Auto Express, "well placed sources" confirm the location, and an official announcement should come very soon.

These insiders claim production will begin in early 2017, and customers will start taking delivery of the new TVRs in that summer. The plant will employ 150 people, but some of those will possibly be at outside suppliers, according to Auto Express.

TVR hasn't release an official image of its new sports car yet, but it used a rendering from Autocar for a teaser. Despite the lack of a design, the company already sold out of the initial reservations. The automaker announced plans to limit production to right-hand drive examples at first, then create left-hand drive ones for Europe, and maybe branch out to the US someday.

The new TVR's mechanical details are in greater supply, though. The model uses Ford's Coyote V8 from the Mustang, and tuning by Cosworth reportedly takes the output to 450 to 500 horsepower. The standard examples use a tubular space frame and composite body. Customers can also spec an optional carbon fiber chassis that uses Gordon Murray Design's iStream production process, which is less expensive than traditional methods of assembly with the lightweight material.

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