Re-born TVR edges closer to reality
Brit sports-car manufacturer to begin work on new manufacturing facilityTVR has announced it will open an all-new manufacturing facility in Wales in the UK.
Set to open in 2018 the new plant is sited around 40km north of Newport and will be situated next to the soon-to-be-built Circuit of Wales race circuit.
Based in a nearby industrial park, TVR hopes the new race circuit will become its proving ground to help it develop its new generation of V8 sports cars.
With 350 deposits of around $10,000 each, in the first year TVR hopes to make 250 cars before ramping production up to 2000 cars annually by 2022.
It was hoped that TVR would return to its spiritual home of Blackpool where the last cars rolled off its production line back in 2006 but the new deal, thought to be heavily dependent on local Welsh government subsidies will enable the low-volume manufacturer to start from scratch and implement former F1 designer, Gordon Murray’s iStream manufacturing technique that takes a fraction of the space to assemble vehicles.
TVR is the second car company to announce it will begin work on a car plant in Wales. Last month Aston Martin also confirmed its new DBX SUV would be built in the Welsh region.
TVR rendering: Autocar
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