← Russian European Acquisition Deals
TVR has issued the following statement:
We can confirm that a 100% shareholding in UK car-maker TVR has been purchased today. The new owner is Nikolai Smolenski. — GAZ's acquisition of LDV Group.
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. — Pininfarina's agreement with Lagardere.
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. — General Motors' 550 million Euro investment in Spain.
