TVR to move car production abroad
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. (AtW: next time think twice before trusting any agreements with the Russians)
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.
Established in 1947, TVR is Britain's largest independent sports car-maker.
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The outcome does not suprise me at all, the only suprising thing is that it took so long - it is insane to trust 24 year old boy who never earned an honest pence in his life to run motor company, especially considering that his dad has allegedly defrauded lots of clients of his bank in 1998 when crisis hit big time and he stripped away assets and moved abroad - UK.
We (our family) almost got hit too, but we pulled deposits around month before crisis as we felt something was brewing, most did not and lost their money through devaluation and fraud on behalf of top managers.
Knowing this how can any sane person make a deal with that kind of people, who, unlike Abramovich, don't even have enough money to pull through their toy?
I never liked the way TVR cars look like, but it's rather sad to see it all go down in flames in such a bad way.
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. (AtW: next time think twice before trusting any agreements with the Russians)
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.
Established in 1947, TVR is Britain's largest independent sports car-maker.
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The outcome does not suprise me at all, the only suprising thing is that it took so long - it is insane to trust 24 year old boy who never earned an honest pence in his life to run motor company, especially considering that his dad has allegedly defrauded lots of clients of his bank in 1998 when crisis hit big time and he stripped away assets and moved abroad - UK.
We (our family) almost got hit too, but we pulled deposits around month before crisis as we felt something was brewing, most did not and lost their money through devaluation and fraud on behalf of top managers.
Knowing this how can any sane person make a deal with that kind of people, who, unlike Abramovich, don't even have enough money to pull through their toy?
I never liked the way TVR cars look like, but it's rather sad to see it all go down in flames in such a bad way.
