In a statement posted on TVR's website today, it has been confirmed that the company has been sold to a 24 year old Russian banker called Nikolai Smolenski.
The statement reads:"Tuesday 27 July 2004
TVR HOLDING STATEMENT
We can confirm that a 100% shareholding in UK car-maker TVR has been purchased today. The new owner is Nikolai Smolenski.
Plans for the future are to continue trading, invest heavily in new technology and production methods, and hence enhance the TVR brand to become a global player.
There will be no large-scale restructuring and new managerial appointments will be made in due course. Peter Wheeler, previous owner, will remain on board as a senior consultant."
The BBC report states that former banker Nikolai Smolenski has said he wants to expand the company. He has already visited the Blackpool factory where he told staff he planned to be a hands-on owner.
Mr Smolenski was a director with the Russian bank OVK until last year, when he sold his shareholding. His father is the wealthy Russian businessman Alexander Smolenski.
Both TVRs are still in the running and going strong. Apart from a slight incident when one of the cars had to come back into the pits for what we believe was a replacement ECU there have been no reports of anything untoward. At mid morning they are running at no 24 and 26 in the field.
Both TVR T400Rs crossed the finish line together at Le Mans today - a fantastic result for the Synergy/Chamberlain team and the drivers, that will no doubt be celebrated as only the TVRCC knows how to, tonight on Houx campsite!!
Well done and many congratulations.
The final results for the team were:
In 22nd place with 300 laps TVR no 89; Bob Berridge, Michael Caine and Chris Stockton
In 23rd with 291 laps TVR no 96; Lawrence Tomlinson, Nigel Greensall and Gareth Evans
One of these cars will now be transported through the night (in race condition ie with authentic flies and dust) from France so it can be exhibited it at The Daily Telegraph Motorexpo, which is on 14th - 20th June at Canary Wharf. The TVR is being lent to the show by its owner and one of the drivers, Gareth Evans.
For only the third time in history, TVR will be represented at Le Mans this weekend. Two Synergy Chamberlain T400Rs will be competing against the Porsches and the Ferraris in the world’s greatest motor race.
Over 24 hours of the most gruelling racing imaginable, the purple TVRs are going to be pushed to the limit by six British drivers and supported by a remarkable British team. Synergy Chamberlain is owned by TVR road car and racing car driver Gareth Evans who progressed from driving his roadgoing Griffith and Cerbera to racing against TVR Chairman Peter Wheeler in the TVR Tuscan Challenge. He is now about to take the huge step of racing his own car, prepared by his own team, at Le Mans. Driving alongside him will be TVR Tuscan Challenge champion Michael Caine who is taking time off from his day job selling TVRs in Essex for Castle TVR. Chris Stockton, another Tuscan regular and Bob Berridge are in the Number 89 car alongside Michael while TVR GT regulars Lawrence Tomlinson and Nigel Greensall drive alongside Gareth in the Number 96 car.
TVR will be there as a factory, helping behind the scenes in the pits, and cheering raucously from their display area at Maison Blanche, where staff from the TVR factory and some of their dealers will be on hand to explain the finer points of the new Tuscan 2 and Sagaris that have been transported straight from their debuts at the Birmingham Motor show, which has only just ended. The latest news from the pits will be available down there and drivers will be dropping by from time to time to keep everyone up to speed. All those down at Le Mans will be welcome to come and have a chat and we will be keeping those less fortunate up to date via this web news service.
Although all of the press has been about the Tuscan convertible, don't forget that TVR has the full range of cars on show in Birmingham. We are indebted to Dorset RO Paul Shrimpton for these additional images of the Typhon, Sagaris, and T350T
The Tuscan 2 is a significant launch for TVR. It blends all the most successful elements of TVRs past with the progress that the company has made over the past few years. A myriad of detail changes demonstrate the attention to detail that TVR’s engineers and stylists have dedicated themselves to while evolving the most popular TVR of recent years. Since the Tuscan was first launched in 2000, TVR has achieved what was previously thought to be impossible for a company of its size, but TVR has never been intimidated by projects that would daunt much larger car manufacturers.
TVR's latest limited production, over-200mph, carbon-Kevlar GT car starred on their stand at the 2000 Motorshow in Birmingham. Meet the new boy - the Tuscan R. The family resemblance to the Tuscan is clear but it's got a character all of its own. Nose goes in where the Tuscan's goes out and vice versa. No pepper pot grille either. Fastback rear styling with bodywork in a carbon fibre and Kevlar composite. Pre-production car isn't completely finished, but since the purchaser can change just about anything in the spec - brakes, wheels, engine, gearbox, shocks - how could any one example be representative?
Also new is the Tamora - cheeky retro styling. Still has 330bhp though. Newly-built Speed 12 GT race car looks very mean in black. A looming figure in any rear-view mirror. No doubt about the star of the show for TVR fans though. Tuscan R - due next season in the British GTs. Look out, Porsche.
Courtesy of o-boyle.com racing and www.car--reviews.com