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TVR shuts down its car manufacturing business

By FaezClutchless on 19 Jul 2012

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Late last year, I wrote about British sports car manufacturer, TVR, going through a revival. Located in Vienna, Austria; TVR GmbH offered to build new TVR models according to customersí specifications. Initially, it was thought that this company operates independently from the firm that Russian businessman, Nikolai Smolensky, bought.

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But, it seems that Smolensky was involved in the revival. Fast forward to today, it seems that TVR has been laid to rest once again. According to a recent report, TVR GmbH has shut down its operations for good after being inactive for several years.

In the past few years, Nikolai Smolensky made several attempts to relaunch the companyís production but he has never succeeded. The company even relocated from England to Vienna in order to develop several new models which Smolensky hoped would push TVR into a new era.

Smolensky mentioned in the report that the company had built three prototypes. A Tuscan Mk2 convertible with a 400bhp Corvette LS3 engine, a Cerbera powered by a BMW twin turbo V8 diesel and a GT350 powered by a 100 kilowatt electric motor.

Smolensky also added that the cars worked well but the costs for producing them were too high. The company had to sell them between £100,000 and £200,000 which was too expensive to make any sense.

When Smolensky realised that the three projects would not lead anywhere, and more importantly would not save the company from a forthcoming financial disaster, he tried to craft a partnership with Englandís iconic Caterham Cars. The partnership did not make sense from a business point of view so it was quickly terminated, leaving TVR with no other way out but to call it quits.

Smolensky indicated that he will hold on to the TVR name unless somebody comes along with a viable proposition to bring the brand back to its former glory. Until that happens, the Russian businessman plans on using the TVR name on his start-up brand of portable wind turbines.

Photo credit: Net Car Show

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FaezClutchless
Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.



 
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