British Boutique Sports Car Maker TVR Sold to 24 Year Old Russian Investor

Will the transfer of the company into a young business entrepreneur's hands spell the end the king of the British sports cars?

To the relief of TVR's employees and fans, the company will remain more or less the same as it has been up to this point. (Photo: TVR)

Not according to Smolenski, who commented, "I have always been a fan of British car manufacturing and believe that the best automotive designers and engineers are in this country." To the relief of TVR's employees and fans, the company will remain more or less the same as it has been up to this point, with no major shakedown, buildup, or restructuring planned for the immediate future.

In the official press release Wheeler stated, "It's been a fascinating time and I shall be very sad when I eventually leave. However, it's time to hand the reins over to a younger man and I look forward to helping him with his exciting plans."

Wheeler will stay on board as a consultant to Smolenski during the transition period to ensure that all goes smoothly.

As reported in Blackpool Today, Smolenski visited the factory on Thursday, July 29th to meet staff and reassure them about the

Arriving in grand fashion by helicopter, Smolenski has visited the Bristol Avenue plant on several occasions. (Photo: TVR)

future of the company and specifically the Bristol Avenue facility.

Of the visit the The Gazette owned Blackpool website reported TVR spokesman Ben Samuelson as saying, "Mr. Smolenski has been here doing his job - running the company that he owns. He has met everyone and has been round the factory." Samuelson continued, "He addressed the staff and has been encouraging everybody with his exciting ideas."

According to the newspaper, Smolenski has visited the Bristol Avenue plant previously on several occasions, having arrived in grand fashion by helicopter.