As it turns out, there’s a whole lot more behind the message “Never Say Never” that recently appeared on the defunct TVR brand’s website, than we originally thought, as the company has reportedly been sold to new owners based in London.
A report from UK magazine Autocar says that TVR’s former owner Russian banker Nikolai Smolensky, who now lives in Austria, sold the name along with all the rights to produce TVR’s cars and components to an unnamed British interest.
Earlier today, Smolensky told the publication that he completed the deal “some weeks ago” without revealing details about the price or the people involved in the transaction. Autocar, however, stated that “the transaction is understood to involve a company fronted by a Mr Les Edgar, a Surrey-based entrepreneur”.
In 2004, previous owner Peter Wheeler sold TVR to Smolensky, who at the time was only 24 years old. By the end of 2006, the British company was in deep trouble with Smolensky breaking TVR into a number of different companies, including TVR Motors, TVR Power and Blackpool Automotive, before it went bankrupt in December of the same year. Surprisingly, in 2007, Smolensky managed to re-acquire TVR, but nothing really happened with the company confirming an end to car production in July of 2012.
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