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Viknesh Vijayenthiran

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Vik is an Editor at High Gear Media and contributor for a number of sites within the High Gear Media network. He was a co-founder of... More

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TVR to cease production in the UK

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Despite earlier reports that TVR would remain in the UK township of Blackpool, the company is now planning to cease its operations in the UK and shed up to 250 jobs. TVR previously made an agreement with unions to remain at its current facility, but it now seems that the company will open a new factory within the next three months in another European country.

This is just another iconic British brand to be either sold to a foreign party or moved overseas. The main reasons for the decision is the falling demand for TVR cars, largely blamed on poor reliability issues, and rising costs. Production is said to have bottomed out at just two cars per week.

Production of the Tuscan, Tuscan Convertible and Sagaris sports cars will be outsourced to several European manufacturers, while responsibility of the 4.0L in-line six-cylinder engine and gearbox will remain with a UK supplier.