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Old 02-28-2007, 05:44 PM   #1
NYCshopper
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Default TVR to be sold again...to 2 Americans

TVR to be sold again...to 2 Americans

http://www.autocar.co.uk/News/NewsAr...aspx?AR=224329



Quote:
Smolenski's out. Again

TVR's tortuous ownership saga continues. It emerged today, at a low-key press conference held at a hotel on London's Mayfair, that current company owner Nikolai Smolenski is planning to sell the sports car firm to two Florida-based business partners, Adam Burdette and Jean Michel Santacreu.

The Americans' first contact with TVR, made 18 months ago, was as potential importers of the cars to the USA. The pair, who live in Orlando, will rapidly take over control of TVR from the Russian-born 'baby oligarch', as the new faces of the management.

They envisage a 5000-cars-a-year future for Blackpool's best-known automotive brand, and claim they already have firm orders for 2000 cars from dealers in the USA. However, they also believe that, in future, only between 250 and 500 cars a year will be sold in the UK and that none of those cars will be built here.

TVR is on course to become a 'virtual' car company, whose only tangibles will be the brand, its UK-based day-to-day management, and a 20-strong team of engineers and designers.

Under present plans, TVR will have a collection of partners to manufacture its bodies, chassis, primary components and castings. Shoreham-based Ricardo Engineering will develop and assemble the engines, and final assembly of cars will be at Bertone in Italy. Many of these links have been mooted in the past but have fallen dormant; the partners have the next few weeks to re-activate them.

TVR's new owners (Smolenski expects to take no part) believe they can be making cars within three months. The cars will be updated versions of the Sagaris and Tuscan, possibly with new names and new-shape bodies), but the tubular backbone chassis and slant-six engine (updated with Bosch electronics to Euro IV standard) will be based on the familiar models.

Prices will be held at present levels, according to the Smolenski-appointed managing director, David Oxley, who will be assisting the new owners 'for a period of time'.
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Old 02-28-2007, 05:45 PM   #2
Lantec
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Jeremy Clarkson's head will explode
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Old 02-28-2007, 05:55 PM   #3
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witty comment goes here

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Thank God. Smolenski was driving TVR into the ground.
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Old 02-28-2007, 06:10 PM   #4
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Very cool! I think those cars are bad ass. Loud, stripped down and in your face.
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Old 02-28-2007, 06:10 PM   #5
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Quote:
Originally Posted by Lantec View Post
Jeremy Clarkson's head will explode
hahahahhaha yep. OMG British company in hands of american ohhh noess!
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Old 02-28-2007, 07:13 PM   #6
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Quote:
Originally Posted by rice h8r View Post
hahahahhaha yep. OMG British company in hands of american ohhh noess!

"I never thought I'd say this, but.... <ssssstt>

Please let the Russians keep running it. PLEASE...."
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Old 03-02-2007, 10:30 AM   #7
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UPDATE:

http://www.autocar.co.uk/News/NewsAr...aspx?AR=224347

TVR owner faces inquiry



Quote:
Nothing has been simple during Nikolai Smolenski's reign at TVR, and that doesn't look to change any time soon now that Trade and Industry Secretary Alistair Darling is being pressured to launch an inquiry into last weeks sale of the firm back to the Russian businessman.

The Transport and General Workers' Union have requested the inquiry as they believe that Smolenski put the company into administration late last year, and then bought it back last week, in order to avoid the redundancy payout owed to the 300 ex-workers of the Blackpool factory.

It is expected that Smolenski will sell TVR to two American businessmen within the next few weeks, resulting in the traditional British manufacturer being made into a 'virtual' car company, which will outsource production to various other manufacturers, leaving TVR alive in name only. If the new owners' forecast comes true, there will be up to 5000 TVRs produced each year, the majority of which will sell in the States. We can only hope that it is more successful under American guidance than it was Russian.
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Old 03-02-2007, 01:16 PM   #8
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They will break even more but easier to fix if they start using american parts. but i think clarkson will just stare at the first car that he test drives and go bloddy americans built this. but he'll secretly love the car aas he mumbles AMERICANS
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