Revered British sports car brand TVR is to make a welcome return to Britain after its owner, Russian businessman Nikolai Smolensky, agreed to sell the brand rights and all other assets to a syndicate of British investors.
Revered British sports car brand TVR is to make a welcome return to Britain after its owner, Russian businessman Nikolai Smolensky, agreed to sell the brand rights and all other assets to a syndicate of British investors.
The syndicate, incorporated as ‘TVR Automotive Ltd.’, now owns all TVR’s IP including its global trademarks, patents and designs. Also included in the sale were the entirety of TVR’s physical assets, including engines, chassis, jigs, body parts and spares, together with large amounts of historical documentation in both hard and soft copy formats.
Commenting on the acquisition, Chairman of TVR Automotive Les Edgar said, “It’s a tremendously exciting day and superb news for TVR enthusiasts and owners at home and abroad. Having lamented the demise of the famous Blackpool-based company, lovers of British sports cars everywhere now have something to celebrate. TVR is back where it belongs.”
Reflecting on the process of landing the brand back in Britain, the investors have put on record their thanks to Nikolai Smolensky for clearing the way for the acquisition and sincerely appreciate the cooperation received.
For his part, Mr. Smolensky added, “I am pleased to see TVR returning to its home country and, along with all sports car fans, look forward to what’s coming next. I’m confident TVR Automotive will do a great job.”
Les Edgar continued, “Our intention is to build new TVRs in the best traditions of the much loved classics. Planning is well under way for all-new cars, but we also intend to support the existing TVR community. Owners, enthusiasts and specialist engineering firms have kept the thunder rumbling these past few years and we’re looking forward to meeting and building great relationships with everyone.”
