TVR - RIP
Is this the end?
"TVR to move car production abroad
TVR had earlier agreed to stay in Blackpool
Sports car company TVR is to cease production in the UK, with the loss of 250 jobs at its factory in Blackpool.
The move sees the company go back on an earlier agreement to keep production in the Lancashire seaside town.
TVR, which was bought by young Russian tycoon Nikolai Smolensky in 2004, said it was now in consultation with unions over redundancies.
Speculation that the firm would give up on UK production had been growing since the start of this year.
Yet only last month TVR said it would be staying in Blackpool, firstly at its current site in Bispham until 2008, and then at a new permanent home at Blackpool Business Park.
In April the firm temporarily stood down 71 members of staff due to flagging demand.
Established in 1947, TVR is Britain's largest independent sports car-maker.
While the firm is renowned for offering high performance cars at a competitive price, it is also fair to say that its vehicles have suffered from reliability issues in recent years. "
"TVR to move car production abroad
TVR had earlier agreed to stay in Blackpool
Sports car company TVR is to cease production in the UK, with the loss of 250 jobs at its factory in Blackpool.
The move sees the company go back on an earlier agreement to keep production in the Lancashire seaside town.
TVR, which was bought by young Russian tycoon Nikolai Smolensky in 2004, said it was now in consultation with unions over redundancies.
Speculation that the firm would give up on UK production had been growing since the start of this year.
Yet only last month TVR said it would be staying in Blackpool, firstly at its current site in Bispham until 2008, and then at a new permanent home at Blackpool Business Park.
In April the firm temporarily stood down 71 members of staff due to flagging demand.
Established in 1947, TVR is Britain's largest independent sports car-maker.
While the firm is renowned for offering high performance cars at a competitive price, it is also fair to say that its vehicles have suffered from reliability issues in recent years. "